Derivs - Equity

For its investment in technology, focus on risk management and hedging, the completeness of its franchise and the judicious use of its own balance sheet, JPMorgan is GlobalCapital’s Derivatives House of the Year. It also wins the awards for Equity Derivatives House of the Year and FX Derivatives House of the Year.

For relentless focus on MiFID II issues, for its overall organic growth, for the lack of merger distractions and for the stunning growth of its US credit derivatives business, Tradition is GlobalCapital’s Interdealer Broker of the Year.

GlobalCapital is delighted to announce the winners of its 2018 Global derivatives awards, which were unveiled at the Jumeirah Carlton Tower in London on Tuesday September 25.

For its continued rapid growth and surging volumes across all asset classes, for its continued investments in technology and people and for its public stands on making markets fairer, XTX Markets is GlobalCapital’s Specialist Liquidity Provider of the Year.

For its work with ISDA on major projects including Libor replacement and margin requirements, which have given the firm a leading edge in advising clients, and for its global presence bolstered by US expansion, Linklaters is GlobalCapital’s Global Law Firm of the Year.

Representatives from all corners of the derivatives industry will tonight gather at the Jumeirah Carlton Tower in London to celebrate the winners of the GlobalCapital Global Derivatives Awards.

Kate Birchall, the former head of portfolio optimisation and collateral at National Australia Bank, has been chosen by LCH to lead the Asia Pacific operations of its London-based clearing house LCH Limited.

Assets allocated to US exchange traded products and funds hit a record high in August, after assets left the space when volatility returned to US markets in February.

Derivatives clearing specialists were left scrambling for information this week as lone Norwegian trader Einar Aas defaulted on his Nordic and German power portfolio, creating a €107m hole in Nasdaq Clearing's €166m Commodity Member Default Fund.

Autorité des Marchés Financiers, the French markets regulator, has reemphasised the importance of a Europe-wide ban on binary options and restriction on contracts for difference.

Three executives from global bulge bracket banks have called for more supervisory cooperation over Brexit, particularly on the side of the EU. All three expressed hopes for a Brexit deal that was more bespoke than just third country equivalence.

August was generally a healthy month for many global derivatives exchanges, though performance was not quite consistent across the industry.