Derivs - Equity

Clients of bank index platforms are adapting to a new investment climate, increasingly opting for more defensive strategies and specifically positioning for volatility spikes similar to the ones markets experienced in early February.

Pan-European securities regulator ESMA on Wednesday said that it would not extend the deadline for firms trading on European venues to get a legal entity identifier. The deadline for LEIs will remain July 2.

UK financial services advocacy group TheCityUK on Wednesday called for the continuity of cross-border derivatives contracts to be guaranteed after the UK leaves the EU.

Singapore Exchange (SGX) has been allowed temporarily to continue listing its Nifty derivatives as it fights a legal battle with the National Stock Exchange of India (NSE) over replacement products.

Equity derivatives strategists are keeping their cool and see no need to switch strategies after the European Central Bank on Thursday held rates and declared December as the month quantitative easing would end.

The board of directors of Hong Kong Exchanges and Clearing has renewed the contract of chief executive Charles Li for three years.

Pete Osborne, a former director at Singapore Exchange (SGX), has resurfaced at Canadian exchange operator TMX Group in London as head of European equity trading sales.

As banks struggle with tracking brokerage costs, they need to work out ways to properly manage cost transparency by normalising their trade data.

Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators and arrangements in crisis situations.

Singapore Exchange is maintaining a calm face as it fights for its Indian derivatives products, after receiving a legal challenge from the National Stock Exchange of India.

The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.

Singapore Exchange suffered an unfavourable twist in its Indian futures saga this week, when the Bombay High Court granted an injunction on new derivatives contracts that it had planned to launch next week. But one exchange’s misfortune might be a large asset manager’s opportunity.