Derivatives - All Articles

  • ESMA chooses permanent CCP committee chair

    Klaus Löber has been selected by the European Securities and Markets Authority as chair of its CCP supervisory committee. ESMA has also picked two other members; all three will be assessed by the European Parliament.

    • 27 Aug 2020
  • ETFs take growing share of the ESG asset pie

    The use of exchange-traded funds labelled as addressing environmental, social and governance themes is rising rapidly, as investors believe they allow them to track ESG indices more easily and cheaply, without necessarily having to engage intensively with ESG matters.

    • 26 Aug 2020
  • Call options advanced as way to navigate bull market

    Investors are doubtful whether the extraordinary stock market rally of the last few months will continue, as they await news of a vaccine, further economic fallout from the pandemic, and the result of the US presidential election. If they want to maintain equity exposure while limiting potential losses, UBS analysts have suggested using call options for certain indices.

    • 24 Aug 2020
  • FTSE Russell, SGX partner up for derivs

    FTSE Russell and Singapore Exchange (SGX) have teamed up to offer investors a range of products across asset classes. It follows the termination of an agreement between SGX and MSCI.

    • 20 Aug 2020
  • UBS hits stride after rocky road to collaboration

    UBS reckons it has a hit upon a ‘unique formula’ for growth as it expands its investment banking offering to its high net worth clients, writes David Rothnie.

    • 20 Aug 2020
  • Nasdaq vol futures offer new play on market moves

    VOLQ futures, a contract based on the Nasdaq 100 volatility index, is set to be available in time for investors to hedge potential volatility as a result of the US presidential election. Tim McCourt, global head of equity index and alternative investments at CME Group — which is launching the product — said that investors could use VOLQ in conjunction with the VIX, run by rival CBOE Global Markets.

    • 20 Aug 2020
  • How to protect a remote lobster processor

    One of the remotest parts of the world is home to a new piece of financial engineering. Tristan da Cunha, a volcanic island in the South Atlantic Ocean, is making use of a wind derivative instrument structured by Global Parametrics, an organisation seeking to improve the developing world’s resilience against extreme weather.

    • 17 Aug 2020
  • Positive basis swap may not be enough to lure issuers to crowded euro mart

    The euro/dollar cross-currency basis swap has moved back in favour of euro issuance for the first time in three months, but with a wall of euro supply looming, the favourable level may not be enough to entice issuers away from the dollar market.

    • 14 Aug 2020
  • CME makes move on vol market with futures launch

    CME Group is making a play for the volatility derivatives market. On Thursday it announced a new futures contract that will reference the Nasdaq 100 volatility index.

    • 13 Aug 2020
  • SGX strikes new path with equity derivatives suite

    Singapore Exchange (SGX) revealed a new suite of Asian equity derivatives this week, as it gave investors a look at what its strategy after winding down its high profile licensing agreement with MSCI will be.

    • 13 Aug 2020
  • What’s next for Société Générale and Natixis?

    Société Générale and Natixis have purged their senior ranks following second-quarter losses and to prepare for strategic revamps, but David Rothnie thinks the future will remain challenging for both.

    • 13 Aug 2020
  • Debt and swap negotiations turn tough for corporates

    US corporates under stress from Covid-19 economic shocks, especially those in the real estate sector, have been struggling in their renegotiations of loan and swap agreements as power has flowed back to the banks, writes Ross Lancaster.

    • 12 Aug 2020
  • Turkish lira madness keeps bond plans on ice

    A tumultuous week in Turkish currency markets ended with the lira hitting new lows against the dollar and the Central Bank of the Republic of Turkey finally taking action to try and calm volatility. Amid such swings, a sovereign bond issue looks unlikely.

    • 07 Aug 2020
  • More firms set to cut back on data outlay for next year

    Financial firms’ relentless push to boost their data offerings received a check this week with the release of an industry survey that indicates a decline in market data spending for 2021.

    • 06 Aug 2020
  • Clearing banks push FSB on skin in the game, cash calls

    Some of the world’s top-tier financial institutions want changes in how central counterparty clearing house (CCP) resolutions are executed.

    • 06 Aug 2020
  • Wild times continue for lira as currency hits record low

    Turkey continued to teeter on the brink of a currency crisis this week, as the lira went on another rollercoaster ride and touched a record low.

    • 06 Aug 2020
  • Market welcomes new Natixis CEO Namias

    Investors appeared positive on Natixis's prospects after Nicolas Namias replaced François Riahi as chief executive. Meanwhile, the bank has said it will reposition its equities division after it endured another tough quarter.

    • 06 Aug 2020
  • Ukraine makes second stab at FX futures

    The Ukrainian Exchange is reviving its FX futures market, two years after authorities shut down its trading software system.

    • 05 Aug 2020
  • SG to derisk structured products

    Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.

    • 03 Aug 2020