People & Markets

  • More flex likely on IM as CFTC committee votes for new waiver

    More flex likely on IM as CFTC committee votes for new waiver

    The US Commodity Futures Trading Commission’s global markets advisory committee, a steering group made up of market participants, has recommended that the regulator provide a further six month grace period for compliance with initial margin requirements.

  • AMF pulls back on shorting ban as Covid vol calms

    AMF pulls back on shorting ban as Covid vol calms

    The Autorité de Marchés Financieres (AMF) has decided not to lengthen a ban on short selling, but some market participants who opposed the action see it returning when extreme volatility next strikes the markets.

  • CFTC warns market to be ready for negative oil return

    CFTC warns market to be ready for negative oil return

    As the June West Texas Intermediate crude oil futures contract’s expiry nears, the US Commodity and Futures Trading Commission has warned trading venues, clearinghouses and futures commission merchants that negative commodities futures prices could return.

  • Crisis Talk — with Christophe Salmon, CFO of Trafigura, on hedging oil’s biggest crash

    Crisis Talk — with Christophe Salmon, CFO of Trafigura, on hedging oil’s biggest crash

    As a crucial middleman in the oil business, Trafigura has had to cope with concerns about the creditworthiness of some of its counterparts, and unprecedented volatility in the oil price that saw the West Texas Intermediate (WTI) contract turn negative at the end of April. Christophe Salmon, the company’s chief financial officer, explained how the company has coped with the crisis, and how its funding approach, based on deep banking relationships and a secured financing structure, proved resilient to the chaos around it.

  • Citi snaps up Barclays’ Belbachir

    Citi snaps up Barclays’ Belbachir

    Fater Belbachir is joining Citi as head of equities, a year after taking on the same position at Barclays. The US bank is changing the leadership structure of its equities and securities services business (ESS).

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