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FSB finds limited progress on G20 reforms
The Financial Stability Board has pointed to scant progress in the implementation of over-the-counter derivatives reforms during the past year.
04:45 PM -
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.
14 Oct 2019 -
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.
11 Oct 2019 -
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).
10 Oct 2019 -
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.
10 Oct 2019 -
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.
09 Oct 2019 -
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.
09 Oct 2019 -
JPM and LBBW execute first electronic €STR swap
LBBW and JP Morgan have claimed first execution of an electronically negotiated euro short-term rate (€STR) swap transaction, on Bloomberg’s UK multilateral trading facility (BMTF).
08 Oct 2019 -
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.
08 Oct 2019 -
Tradeweb adds to rates derivatives analytics suite
Tradeweb Markets has partnered with margin optimisation providers Cassini Systems and OpenGamma to boost its analytics proposition for interest rate derivatives trading.
02 Oct 2019
