Derivs - Equity

Deutsche Börse’s CEO, Theodor Weimer, on Wednesday committed to greatly reducing the exchange group's structural costs by 2020 while doubling down on growth, technology and acquisitions.

It’s hard not to feel sympathy for Italian president Sergio Mattarella, who felt obliged to reject the Five Star Movement and Northern League nominee for financial minister to assuage investor concerns, but the decision will likely strengthen Italy’s radical political forces.

An escalation of political risk in Italy has rattled investors, substantially increasing hedging activity this week as concerns ramped up about the future of the eurozone.

Ahead of its AGM on Thursday in Frankfurt, Deutsche Bank announced it had finished the review of its equities business, and planned to cut headcount and prime finance leverage by a quarter — as part of package of cuts that will see more than 7,000 jobs lost at the bank.

Proponents of the ISDA Common Domain Model say that if properly implemented, it could generate major cost savings for financial institutions. But what is it, what prompted its creation and how could it work with distributed ledger technology?

A former executive director at the index provider MSCI has begun a new job at State Street, GlobalCapital has learnt.

The New York Stock Exchange is set to launch options on its tech FANG+ index on June 11 this year.

Antoine Porcheret, a senior equity derivatives strategist at BNP Paribas in London, has left the French bank.

Singapore Exchange has hit another obstacle in its fight to hold on to its part of the offshore market for Indian equities after the National Stock Exchange of India took legal action against it.

Institutional asset owners have increased their use of smart beta strategies in 2018, but the adoption rate has slowed compared with recent years, according to a survey by index provider FTSE Russell.

The chairman of Deutsche Börse, Joachim Faber, on Wednesday said he would leave his post after a transition period before serving his full three-year term.

The US Commodity Futures Trading Commission on Wednesday issued a no-action letter that will allow non-US counterparties to not account for swaps with certain international financial institutions when determining whether or not they are swap dealers.