Latest news

  • CME courts Nex Group, as analysts debate deal potential

    US exchange operator Chicago Mercantile Exchange is considering acquiring post-trade and markets operator Nex Group, the latter firm confirmed in a circular to investors on Thursday night.

    • 16 Mar 2018
  • 10 years on from Bear Stearns

    The year 2018 marks the 10th anniversary of the collapse of Bear Stearns and Lehman Brothers and still the task of tackling banks' 'too big to fail' problem is far from complete.

    • 15 Mar 2018
  • CFTC’s anger at Europe should surprise no one

    A top US derivatives regulator on Wednesday went into battle against his European counterparts over their new proposal that will increase the stringency of the EU’s oversight of foreign clearing houses.

    • 15 Mar 2018
  • SG deputy chief exec quits over Libor

    Société Générale said on Wednesday that Didier Valet, deputy chief executive of the bank and former head of CIB, would be leaving the group — a move driven by US authorities' investigation into the manipulation of Libor.

    • 15 Mar 2018
  • Gloves off: Quintenz loses patience on clearing ambiguity

    Frustration boiled over at the Futures Industry Association's (FIA) annual Boca Raton meeting on Wednesday, with Commissioner Brian Quintenz of the US Commodity Futures Trading Commission (CFTC) threatening European regulators with obstruction.

    • 15 Mar 2018
  • Winklevoss bid for cryptocurrency self-regulation gets nod

    The heads of Gemini, the digital asset exchange, have put forward a proposal for cryptocurrency spot markets to regulate themselves, and appear to have gained approval from a top derivatives regulator.

    • 14 Mar 2018
  • FIA Boca kicks off, with call for regulatory reconciliation

    The Futures Industry Association began its annual conference in Boca Raton, Florida, on Tuesday, with delegates assembling to discuss the challenges and opportunities facing derivatives markets 10 years after the great financial crisis.

    • 14 Mar 2018
  • SGX seeks to change clearing fund rules

    Singapore Exchange (SGX) on Thursday proposed changes to rules governing its clearing house, which it said should result in more appropriate contributions to its derivatives clearing fund.

    • 13 Mar 2018
  • TrueEX enters Bitcoin and Ether markets

    Interest rate swap trading venue TrueEx is planning a marketplace for digital assets by the end of the second quarter, subject to regulatory review, while also building reference rates for the two largest cryptocurrencies.

    • 12 Mar 2018
  • EC warns UK on commodity derivative tax rules

    The European Commission has warned the UK that special tax rules for commodity derivatives in the country might be in violation of European Union treaties.

    • 09 Mar 2018
  • Regulators close in on cryptocurrency spot market

    Regulators in the United States were afforded greater powers to scrutinise cryptocurrency spot markets this week, as supervisory bodies around the world come to grips with the nascent asset class.

    • 08 Mar 2018
  • Index provider Limeyard partners with Vienna Stock Exchange

    Index provider Limeyard said on Wednesday it had entered into a partnership with the Vienna Stock Exchange under which they will develop indices together.

    • 07 Mar 2018
  • Euroclear to shift holding company to Belgium

    Bond clearing house Euroclear intends to move its holding company from the UK to Belgium as it prepares for the “risks” posed by the UK’s departure from the European Union.

    • 07 Mar 2018
  • Equity markets fly through first tests on Italy and tariffs

    Equity markets began the week facing what could well have proved major disruption in the form of Sunday's Italian election result and talk of tariffs in the US. But they have proven remarkably resilient to global shocks.

    • 07 Mar 2018
  • Futures and options boom in February as vol returns

    Derivatives exchanges around the world reported strong February volumes this week, potentially painting a rosy picture for the year ahead as markets seem set to return to higher volatility.

    • 06 Mar 2018
  • Italy election result calms market, but worries remain

    European implied equity volatility has fallen after Angela Merkel secured a fourth term as German chancellor and despite Italy's general election producing a hung parliament.

    • 05 Mar 2018
  • FCA fines and bans former Deutsche derivatives trader

    The Financial Conduct Authority on Monday said it had settled with former Deutsche Bank interest rate derivatives trader Guillaume Adolph, for manipulating Libor submissions, and fined him £180,000.

    • 05 Mar 2018
  • Italian election build up fails to roil CDS market

    We noted at the end of last year that the coming 12 months would probably be low on political risk, at least in comparison to the election-packed 2017. The one highlight in Europe would be Italy’s general election, unless talks on a Brexit transition unravel spectacularly.

    • 01 Mar 2018
  • Complacency sky high as Italian election looms

    An awful lot of capital and financial market participants are relaxed about Sunday's Italian election, predicting that coalitions and deadlock will remain a staple of Italy's political system. But others urge caution — and hedging — while the going is good for fear that complacency is taking hold, writes Costas Mourselas.

    • 01 Mar 2018
  • CME wastes no time in prepping Sofr futures launch

    The Chicago Mercantile Exchange Group has set the date for its launch of a futures contract that will reference the secured overnight financing rate (Sofr) that has been chosen to replace dollar Libor in derivatives contracts.

    • 01 Mar 2018
  • Zorzi to head primary at BNPP as Egan becomes vice-chair

    BNP Paribas has reshuffled the management of its global markets business, making Martin Egan a vice-chairman of the global markets client board and promoting syndicate boss Fred Zorzi to head of primary markets. Benjamin Jacquard, who was co-head of primary and credit markets with Egan, will be leaving the firm and is thought to be heading to the buy-side.

    • 01 Mar 2018
  • Italy fears fail to rock equity derivs market

    Investor worries about this Sunday's election in Italy have not materialised yet in terms of having an affect upon fear gauges and hedging activity with both subdued, especially when compared to notable European elections from last year.

    • 28 Feb 2018
  • Learning Curve: equity repo deserves focus

    Equity repo, a way to lend shares to the market, is a key parameter in equity derivatives trading but is yet to be fully considered and monetised. Given the opportunities that exist in the space, market participants would do well to change tack.

    • 28 Feb 2018
  • TrueEX branches out to Asia as Singapore opens path for platforms

    Interest rate swap platform trueEX has opened an office in Singapore, placing itself to take advantage of domestic regulatory change that would boost its business.

    • 28 Feb 2018
  • Quintenz slams ‘perverse outcomes’ from leverage ratio

    Commissioner of the US Commodity Futures Trading Commission Brian Quintenz attacked the “perverse outcomes” stemming from the supplementary leverage ratio and its treatment of segregated margin, in a speech to the US securitization industry’s annual SFIG Vegas conference.

    • 27 Feb 2018

More Derivatives

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Mar 2018
1 Citi 94,984.75 352 8.11%
2 Bank of America Merrill Lynch 91,388.48 264 7.80%
3 JPMorgan 85,989.76 355 7.34%
4 Barclays 75,861.83 231 6.48%
5 Goldman Sachs 63,392.84 171 5.41%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Mar 2018
1 Deutsche Bank 11,282.84 20 9.25%
2 SG Corporate & Investment Banking 10,109.80 20 8.29%
3 Bank of America Merrill Lynch 9,894.16 18 8.11%
4 Citi 7,208.72 18 5.91%
5 BNP Paribas 6,855.32 27 5.62%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Mar 2018
1 Goldman Sachs 4,258.05 18 13.42%
2 Deutsche Bank 2,404.90 13 7.58%
3 SG Corporate & Investment Banking 1,933.40 11 6.09%
4 Credit Suisse 1,775.47 8 5.59%
5 JPMorgan 1,732.54 10 5.46%