Derivs - Equity

US and Asian regulators should hold fire on imposing margin rules on uncleared swaps to allow Europe to catch up, said the International Swaps and Derivatives Association (ISDA).

The UK’s decision to quit the EU has dealt an immediate hit to currencies, credit and equities, but also puts key components of the European derivative market in doubt.

A flurry of corporate borrowers came to market this week, but the UK’s approaching referendum on Europe has struck terror into the heart of liquidity providers across all walks of the derivatives market.

The Taiwan Futures Exchange (Taifex) is set to launch the first exchange-traded options on RMB rates this month, the exchange told GlobalRMB. Taifex is also seeking regulatory approval to launch more A-shares index futures.

The state of Illinois sank deeper into trouble over a budget impasse this week, with Moody's cutting the US state's credit rating while a key financial market figure told lawmakers that a proposed derivatives tax would only worsen problems rather than help solve them.

The Chicago Board Options Exchange is stepping up plans to expand outside of the US by opening its first international business development office in London in July.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.

Deutsche Börse and the London Stock Exchange Group (LSE) have confirmed that they will hold a merger vote after the UK’s referendum on European Union membership on June 23, having previously said that Brexit would harm rival US bids, but not their own plans.

The European Securities and Markets Authority (ESMA) is stepping up regulatory oversight of contracts for difference and other products it deems ‘speculative’ that are sold to retail investors.

Gordon Dadds, a law and professional services firm, will begin offering a derivative documentation managed service as part of a newly launched consultancy business.

Law firm Norton Rose Fulbright has hired a derivatives and structured finance to its Singapore office as partner.

A key measure of US market volatility has hit its lowest point for a year, suggesting traders are counting on the recent calm to continue, with no shocks or surprises.