• Comment: Markets must prepare again for a No Deal Brexit

    Theresa May’s statement today that she will step down as leader of the Conservative Party on June 7 has increased the likelihood that the UK will leave the European Union without a deal, meaning capital markets need to prepare for the worst again.

    • 24 May 2019
  • ABP leads the way in switching FRNs to Sonia

    The UK corporate bond market is getting its first taste of a trend that could dominate liability management in the coming years. Associated British Ports this week asked holders of its £65m 2022 floating rate note to consent to switching the bonds’ reference rate from Libor to Sonia. Alex Radford and Ross Lancaster report.

    • 23 May 2019
  • ICE charts tick history with data product

    Global exchange and clearing house operator Intercontinental Exchange has launched a new cloud-based tick-history platform.

    • 23 May 2019
  • IG Group plans path for growth after trading revenue drop

    Online derivatives provider IG Group has outlined a new strategy to return the company to growth in the face of tougher regulation.

    • 22 May 2019
  • BrokerTec targets European repo with RFQ

    CME Group’s fixed income electronic trading platforms business is launching a dealer-to-client Request for Quote (RFQ) trading product for the European repo market.

    • 22 May 2019
  • ISDA rolls CDM out for UK regtech pilot

    The International Swaps and Derivatives Association is using its ISDA Common Domain Model (ISDA CDM 2.0) in a pilot involving the UK Financial Conduct Authority, the Bank of England and various financial institutions.

    • 21 May 2019
  • LCH selects fellow LSE unit for approaching SFTR

    Repo trade clearing service LCH RepoClear has selected the London Stock Exchange’s UnaVista platform to help it meet new reporting obligations under the incoming Securities Financing Transaction Regulation (SFTR).

    • 20 May 2019
  • Nomura’s insurance solutions head joins Invesco

    Richard Glenn has left his position as head of the insurance solutions group for Europe, the Middle East and Asia at Nomura, joining Invesco. Another head of that group departed the bank last year.

    • 20 May 2019
  • Exchanges score win with CFTC speed bump ruling

    The US Commodity Futures Trading Commission has given a boost to derivatives exchanges that are introducing passive liquidity protection for some of their contracts.

    • 16 May 2019
  • European regulators slam FX banks with €1.1bn fines

    The EU has fined five big banks about €1.1bn in total after it found that some of their currency traders were involved in a foreign exchange cartel.

    • 16 May 2019
  • CFTC's Berkovitz backs position limits

    US Commodity Futures Trading Commission (CFTC) commissioner Dan Berkovitz has thrown his weight behind new rules covering speculative position limits.

    • 15 May 2019
  • EuroCCP hires former LCH head

    Netherlands-headquartered clearinghouse EuroCCP has appointed ex-LCH man David Hatton as its chief technology officer.

    • 14 May 2019
  • CME brings home the bacon with new index

    CME Group is aiming to tap into growing demand for pork bellies by publishing a new index to reflect pricing for the fresh animal parts used to make bacon.

    • 14 May 2019
  • Euronext out on top in Oslo Børs acquisition battle

    Euronext has received approval from Norway’s authorities for its takeover of exchange group Oslo Børs, ending months of uncertainty and a full-blown takeover battle with rival Nasdaq.

    • 13 May 2019
  • VIX short takes strain as trade war tension sends vol surging

    A record short volatility position that was building in VIX futures has come under pressure this week as the index burst out of a prolonged slumber. But there may still be a payoff for those who hold their nerve and play the short right.

    • 09 May 2019
  • Soc Gen mandates for client selectivity

    Société Générale will take an increasingly selective approach to which of its clients are allowed the full range of its product suite, as it targets big savings in its global banking and investor solutions (GBIS) division.

    • 09 May 2019
  • Learning Curve: An index — the cure for Sonia calculation headaches

    As UK loan, bond and derivative market participants work to the deadline of December 31, 2021 to stop using Libor, one of the biggest hurdles is how to calculate the new reference rate: Sonia.

    • 09 May 2019
  • Spectre of trade war re-emerges to haunt markets

    Global equity markets suffered their worst days of the year this week after an apparent breakdown in trade talks between the US and China, causing investors to sell and volatility to spike and possibly wrecking equity issuance plans, write Sam Kerr and Ross Lancaster.

    • 09 May 2019
  • TP ICAP launches euro rates and inflation data sets

    TP ICAP's data division has launched two new data sets for participants in the euro interest rate options and global inflation markets.

    • 09 May 2019
  • Traiana provides clearing link-up to Eurex

    Infrastructure service provider Traiana has begun to provide direct central clearing connectivity to the Eurex exchange for OTC interest rate swaps.

    • 09 May 2019
  • HKEX derivatives volumes fall, extended trading hours signalled

    Hong Kong Exchanges and Clearing (HKEX) has reported a fall in derivatives volumes for the first quarter of the year.

    • 08 May 2019
  • Glenmede hires Susquehanna head

    Glenmede Investment Management (GIM) has appointed Stacey Gilbert as portfolio manager in its derivatives team.

    • 07 May 2019
  • Trading in German bank senior preferred CDS to begin

    German bank senior preferred credit default swaps (CDS) will begin trading from May 13, after changes in German national law in 2018 that created a way for banks to issue senior preferred debt.

    • 07 May 2019
  • SocGen swaps out US global markets chief

    Société Générale announced on Monday that Sylvain Cartier, the bank’s New York-based head of global markets for Americas, would be leaving for Paris to join the bank’s fixed income division following the departure of its former chief, Bruno Benoit.

    • 06 May 2019
  • SG to downsize FICC and cut costs, though financing beats

    Société Générale’s financing and advisory operations again produced strong revenues in the first quarter, according to results announced on Friday. Revenue in global markets and investor services fell, however, and here the bank is slashing risk-weighted assets, to refocus its business.

    • 03 May 2019
  • Record short position builds on VIX as hunt for yield revs up

    A record short position has built up in VIX futures from investors looking for yield in the expectation of the US Federal Reserve softening its monetary policy.

    • 02 May 2019
  • Giancarlo talks EMIR 2.2, farmers' dervis fear

    Public tension has diminished between European and US regulators over the former’s determination to increase its supervisory powers over clearing houses, but concerns are still simmering, as this week’s testimony from the US Commodity Futures Trading Commission (CFTC) chairman showed.

    • 02 May 2019
  • Bart Chilton, 1960-2019

    Bartholomew "Bart" Chilton, a former commissioner at the US Commodity Futures Trading Commission, passed away on April 27, aged 58.

    • 02 May 2019
  • MIAX and MGEX partner up on volatility futures

    Miami International has agreed to a deal to give Minneapolis Grain Exchange (MGEX) exclusive rights to list, trade and clear futures products on its SPIKES volatility index.

    • 02 May 2019
  • ErisX launches crypto exchange

    Chicago-based exchange ErisX has launched a spot market in cryptocurrencies after closing a third round of fundraising from venture capital investors.

    • 01 May 2019

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,578.64 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,404.70 21 8.41%
4 Citi 3,774.39 24 7.21%
5 UBS 3,602.23 16 6.88%