Derivs - Equity

The Commodity Futures Trading Commission has issued no-action letters to address trade complications surrounding clerical error trades and has extended no-action relief for SEF execution confirmations.

Despite industry efforts to shift trading on swap execution facilities to electronic central limit order books, voice broking and request for quote systems still play important roles, said industry insiders on Wednesday.

Panellists at the 2015 International Swaps and Derivatives Association (ISDA) AGM lamented the lack of global central counterparty equivalence and have called for a number of legislative reviews to rectify it.

The Financial Conduct Authority has fined Merrill Lynch International £13.29m in response to a string of failures to report trades, boosting the cost of each error from £1 to £1.50 for the first time.

Investors have been buying put options on single name stock and exchange traded funds in the energy sector despite the recent energy market rally.

Low volatility and low correlation may provide opportunities for options investors to hedge as market sentiment declines, according to strategists.

LCH.Clearnet has appointed two new members to its board of directors from outside the firm.

A number of companies in the consumer discretionary sector have seen substantial inflows as investors buy call options to take advantage of upside exposure and cheap premiums.

Investors are tailoring their options strategies to focus on hedging global macro risks and identifying single stock options in lieu of larger market options baskets.

GlobalCapital is delighted to announce the nominees for its 2015 US Derivatives Awards. Nominations are based upon the cross-market poll conducted in recent weeks. Winners will be announced at a gala dinner in New York on May 28.

Global swaps participants should use the BCBS-IOSCO margin rules delay as an opportunity to face new issues posed by initial and variation margin requirements, experts say.

LCH.Clearnet has appointed a seasoned veteran as the new group head of technology and operations.