People & Markets

  • IG Group launches prime brokerage unit

    IG Group launches prime brokerage unit

    IG Group, best known for its online index trading and contract for difference franchise, has launched a prime brokerage service targeting smaller institutions such as start-up hedge funds and family offices.

  • Backlash against short selling ban grows

    Backlash against short selling ban grows

    A financial industry fightback against bans on short selling by some jurisdictions is picking up pace, as lobbyists argued against the restrictions this week.

  • US gives sweet SA-CCR relief

    US gives sweet SA-CCR relief

    US market participants’ can now use their preferred method of calculating counterparty credit risk (CCR) for derivatives, after US regulators brought the adoption of SA-CCR forward.

  • Derivatives industry pushes for IM relief amid uncertainty

    Derivatives industry pushes for IM relief amid uncertainty

    Financial market trade associations are pushing regulators to give relief on incoming regulatory requirements on initial margin, pleading that the coronavirus is causing too much disruption to their members’ business lines.

  • FCA stands firm on Libor transition deadline

    FCA stands firm on Libor transition deadline

    After discussions with the Bank of England and the Sterling Risk-Free Reference Rates Working Group over the impact of Covid-19 on companies’ plans to transition from Libor, the UK’s Financial Conduct Authority said on Wednesday that the final deadline of the end of 2021 was immutable.

  • Prop traders plead for faster SACCR amid options stress

    Prop traders plead for faster SACCR amid options stress

    Proprietary trading firms, dealing with swollen options supply, are pleading for regulators to hurry along changes to counterparty credit risk calculations (SACCR) that in their present form are threatening their ability to make markets.

  • Banks kick off RMB interest rate options trading

    Banks kick off RMB interest rate options trading

    A group of 23 banks and 12 securities houses completed 154 renminbi interest rate option (IRO) transactions worth Rmb12.8bn ($1.81bn) on Monday. The new derivatives product is viewed as a solid step for China’s interest rate reform.

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