Derivatives - All Articles

  • TP ICAP makes play for buy side with Liquidnet offer

    TP ICAP is pushing for a slice of buy-side business as it revealed on Tuesday night that it is in advanced discussions to buy Liquidnet, the trading platform provider.

    • 30 Sep 2020
  • ESG listed momentum builds as Cboe launches options

    The ESG derivatives market expanded further this week, as Cboe Global Markets opened trading for its new S&P 500 ESG index options.

    • 24 Sep 2020
  • Sofr caps pick up, as Fannie and Freddie force liquidity

    Fannie Mae’s and Freddie Mac’s drive to buy floating rate loans that reference the secured overnight financing rate is charging up a nascent market in interest rate caps that reference the Libor replacement.

    • 24 Sep 2020
  • OTC trading venue of the year — Tradeweb Q&A

    Tradeweb is the winner of this GlobalCapital’s OTC trading venue of the year award in what has been an extraordinary time for electronic trading. During the stressed market conditions of spring, Tradeweb stayed committed to innovating and creating efficiencies for its clients, which made it a clear winner of this category. While this award recognises Tradeweb’s achievements in derivatives, its presence in Treasuries, mortgages and exchange traded fund markets should be noted too, especially as much of its recent work has focussed on creating efficiencies across these product lines.

    • 23 Sep 2020
  • GlobalCapital Global Derivatives Awards 2020: the winners

    GlobalCapital is delighted to announce the winners of its 2020 Global Derivatives Awards.

    • 23 Sep 2020
  • Covid raises hedging question as markets plot path forward

    The violent sell-off across financial markets this spring turned many investors’ positions upside down. Those without proper hedges in place were at best left embarrassed and at worst forced to shut up shop. Despite central banks once again intervening, plenty are finding reason to be cautious. Ross Lancaster investigates what lessons, if any, market participants have learnt from the meltdown.

    • 23 Sep 2020
  • ESG innovation blooms as market pushes for growth spurt

    ESG derivatives have been on the development fast track this year as product creation has swept from equity referencing contracts through to other asset classes. Ross Lancaster reports on the next steps the market must take to reach maturity.

    • 23 Sep 2020
  • Fallen angels flood Crossover in latest roll

    Series 34 of the iTraxx Europe Crossover index saw seven fallen angels join the index, following the three added in March’s roll, as the coronavirus pandemic pressures sectors such as autos, transport and retail.

    • 22 Sep 2020
  • EC grants clearing reprieve, urges UK cutback

    The European Commission on Tuesday gave the derivatives clearing industry a lifeline by granting an 18 month equivalence decision that will allow European firms to keep using UK central counterparties.

    • 22 Sep 2020
  • ESG harmonisation push gives cheer for derivatives

    A push towards harmonising data and reporting standards in ESG finance is gaining momentum and is a much-needed move in the development of the market. This was the message from panellists at GlobalCapital’s Sustainable and Responsible Investment Capital Markets Virtual Forum this week.

    • 17 Sep 2020
  • DTO issue rumbles on as ISDA pushes for equivalence

    As political tensions rise over the UK-EU trade negotiations, concerns in the derivatives market are growing as the lack of equivalence between trading venues causes jitters once again.

    • 17 Sep 2020
  • Eurex vindicated in passive liquidity protection, so far

    High-frequency traders have fiercely resisted efforts by derivatives exchanges to bring in delaying measures, such as speed bumps, to their venues. But at Eurex, one such passive liquidity programme (PLP) is proving its critics wrong.

    • 16 Sep 2020
  • CFTC report lays out radical measures to combat climate risk

    The Commodity Futures and Trading Commission — the top derivatives regulator in the US — laid out the risk that climate change poses to financial stability in stark terms in a report it released on Wednesday.

    • 10 Sep 2020
  • Boom time for buffers as flows move to derivatives funds

    Since the Covid-19 crisis began, inflows to funds that use derivatives to offer protection against market drops have spiked as investors look for greater certainty in their returns.

    • 10 Sep 2020
  • Leech and Sandoz take permanent charge of equities at Barclays

    Barclays has appointed Todd Sandoz and Paul Leech as permanent co-heads of global equities.

    • 08 Sep 2020
  • Financial services face weaponisation as Brexit tension rises

    The tension between the EU and UK over Brexit ratcheted up this week, with the prospect of the UK reneging on the EU-UK Withdrawal Agreement rearing up. Rising political tension could now boil over into talks on financial services.

    • 08 Sep 2020
  • Tradition adds Ameribor to alternative rates stream

    TraditionDATA, the data and analytics arm of interdealer broker Tradition, is adding Ameribor, a potential replacement rate for Libor, to a data suite that shows spreads between alternative reference rates.

    • 03 Sep 2020
  • Debt funds under scrutiny over redemptions

    Market observers believe that investors in open-ended debt funds need to be disincentivised more than they are at present from scrambling to liquidate their holdings in a market downturn.

    • 03 Sep 2020
  • Election hedging up as traders face battle of fine margins

    Traders across asset classes are beginning to position in size as the US presidential election approaches, with an expected tight run-off making it very hard to time the market.

    • 03 Sep 2020
  • Phase five initial margin deadline passes with EU silent

    Derivatives counterparties breathed easy in March when the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions announced a year’s delay in the introduction of initial margin rules. But in Europe — with the deadline already passed — legal confirmation has still not appeared.

    • 02 Sep 2020
  • ESMA blames remote working for reg delay need

    The European Securities and Markets Authority (ESMA) has said that making sure staff could work remotely hindered the ability of financial firms to work on regulatory and IT projects, in a final report calling for the implementation of a set of rules on settlement discipline — including on mandatory buy-ins — to be delayed until 2022.

    • 01 Sep 2020