Derivs - Equity

London based clearing house LCH Group has revealed that John Horkan, the head of its North American operations, will become COO of the company.

Equity volatility has threatened a comeback in the past week as markets prepared for the European Central Bank meeting on Thursday. But after the ECB performed within market expectations, announcing a 50% reduction in its bond buying programme, fear gauges settled down once again.

The US Federal Reserve has delayed implementing a highly unpopular record-keeping tweak that many clearing banks had feared would increase their institutions’ capital buffers by 50bp.

Director of the National Economic Council Gary Cohn has singled out clearing houses as “the next problem” that the financial industry will have to confront.

The European derivatives market has a combined notional value of $478tr, with 330m transactions outstanding, said the European Securities and Markets Authority (ESMA) after it analysed data from six EU-authorised trade repositories.

The CEO of London Stock Exchange Group, Xavier Rolet, will leave the company by the end of December next year, it was revealed in a statement on Thursday.

Major clearing house LCH on Wednesday announced that its COO, Daniel Maguire, has been appointed CEO of the firm.

Singapore Exchange (SGX) has opened its first US office in Chicago, as it aims to meet institutional investors' demand for exposure to Asian markets.

A partner at Mayer Brown in New York has moved to Linklaters, which is pushing to expand its US capital markets business.

The CEO of NEX Optimisation has handed in her resignation from the firm after just over two years in the job.

European and US derivatives regulators have struck common ground in their approach to electronic trading and agreed equivalence in their oversight of the OTC market, a move that will reduce margin requirements for cross-border market participants.

Chairman of the Commodity Futures Trading Commission Christopher Giancarlo on Wednesday announced his intention to postpone a decision on the derivatives threshold that forces firms to register as swap dealers.