Derivs - Credit

Given the uncertainty surrounding Cyprus, Credit Suisse is recommending a 2s5s flattener on the euro forward rate agreement-overnight index curve as a hedge for a systemic collapse.

The industry is concerned that product intervention rules will have a detrimental effect on innovation and may risk in firms limiting their offerings to vanilla products.

MarkitSERV has launched a pre-trade credit checking hub for over-the-counter derivatives transactions.

Average transaction volume on meta-platform Derivative.com, the Swiss multi-dealer structured product click and trade platform, increased from CHF684, 344 in the four weeks leading up to Jan. 10, to CHF765, 276 during the four weeks up until Feb. 7, according to the firm’s latest client alert.

Negative catalysts have been few and far between in recent months but we are ending the first quarter with eurozone break-up once again on the agenda.

To position for a potential further steepening of the Hungarian interest rate swap curve on the back of further monetary policy easing, Credit Suisse is pitching 2s5s IRS steepeners.

Japan and Australia will become the two largest central clearing markets in the Asia Pacific region when client clearing rules are implemented there sometime in early 2014, according to speakers at the Futures and Options World Derivatives World Asia conference in Hong Kong today.

Futures dealers, traders and exchanges will benefit from increased volumes as the industry continues forward with the futurization of the swaps market, claimed speakers at the Futures and Options World Derivatives World conference in Hong Kong today.

Peter Scialla, head of U.S. equity volatility trading, and his brother Paul Scialla, co-head of U.S. interest rate products cash trading at Goldman Sachs, have left the firm.

StormHarbour Securities has made three senior hires to its U.K. and Ireland sales force with the appointments of Simon Lawless, Benjamin Reynolds and Michael Freilich in London.

Aviva Investors has cleared its first over-the-counter interest rate swap, making it the first U.K.-based asset manager to do so.

The Australian Securities & Investment Commission has opened up trade reporting of over-the-counter derivatives to foreign firms looking to operate trade repositories.