Interest Rates

  • CME enjoys record quarter in APAC

    CME enjoys record quarter in APAC

    CME Group has reported record quarterly derivatives volumes in the Asia Pacific region along with a significant upturn in global trading volumes.

  • FCA fines Tullett Prebon £15.4m

    FCA fines Tullett Prebon £15.4m

    The UK’s Financial Conduct Authority has fined interdealer broker Tullet Prebon £15.4m over various alleged failings, including broker conduct. The FCA claimed “lavish entertainment” and a “lack of controls” had allowed improper trading to take place.

  • Unresolved DTO saga furrows path to SEFs

    Unresolved DTO saga furrows path to SEFs

    Antagonism between the United Kingdom and European Union in Brexit negotiations is making interest rate and credit swap market fragmentation more likely by the day, as market participants in both jurisdictions solidify backup plans to trade on US swap execution facilities (SEFs).

  • Rates desks seek CLO tranches for spare parts

    Rates desks seek CLO tranches for spare parts

    Rates trading desks are seeking owners of triple-A European CLO tranches, because of the value of the embedded Euribor floors, which convert negative Euribor prints to 0%. These can be stripped out and sold to the market, monetising a feature of the bonds that has become sharply more valuable as euro interest rates have plunged this summer.

  • CPMI and IOSCO lay out derivatives reporting roadmap

    CPMI and IOSCO lay out derivatives reporting roadmap

    A new report from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has set out the governance of key over-the-counter (OTC) derivatives data elements.

  • Fed adds support to Volcker changes

    Fed adds support to Volcker changes

    The US Federal Reserve has given its final approval to amendments of the Volcker Rule, joining four other US regulatory agencies in backing relaxations of prop trading restrictions.

  • TP ICAP opens up African OTC product

    TP ICAP opens up African OTC product

    TP ICAP Data & Analytics has launched a new data package covering African OTC markets, a move the interdealer broker claimed would bring increased transparency to Africa’s capital markets.

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