Derivs - Equity

Intercontinental Exchange has battled to deflect a potentially deal-busting challenge of its takeover of Trayport, the trading software company, by the UK's Competition and Markets Authority.

Digital Asset Holdings, the blockchain firm run by former JP Morgan banker Blythe Masters, has hired a new chief financial officer and made a host of other senior appointments.

GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.

UBS’ overall revenue beat analyst expectations, but a drop in equity capital markets and derivatives income dragged the investment banking unit to a 15% drop in year-on-year revenue in the second quarter.

The costs incurred to centrally clear derivatives trades could be greater than transacting them bilaterally, US government researchers have argued, in findings that would deal a blow to regulators’ attempts to curb systemic risk in the global market.

IHS Markit has launched indices that track US dollar, sterling and euro investment grade infrastructure corporate bonds, as well as US dollar high yield infrastructure names.

The Chicago Board Options Exchange will start listing Monday-expiring ‘Weeklys’ options on the S&P 500 index from August, taking the number of SPX expiries it offers each week to three.

Citigroup has appointed two bankers to head its strategic equity solutions (SES) business for EMEA, including one it has hired from Bank of America Merrill Lynch.

Quantitative Brokers, a Manhattan based provider of agency algorithms for futures and fixed income markets, has added a new strategy that targets best execution around an instrument’s close or settlement price benchmark.

European supervisory authorities’ open letter to EU commissioner Jonathan Hill requesting he rethink and minimise a damaging delay over approving swaps margin rules demonstrates that Europe needs to overhaul its process or putting together regulation in favour of a more coordinated approach.

The land grab for financial supremacy in Europe is under way. After the UK voted to leave the EU last week, rival financial centres are lining up to snatch business form London, and one of the early battlegrounds is clearing euro-denominated business. Dan Alderson reports.

Balanced mutual funds and risk parity funds were among those most wrong-footed by the UK voting reject EU membership last week, according to equity analysts, while leveraged exchange traded funds amplified the market fallout of the vote.