Derivs - Equity

Poor liquidity, fluctuations in premium costs, and longer completion times for mergers and acquisitions are driving investors to enter longer term options strategies.

Global swaps participants can benefit from using decentralised, multitool approaches towards regulatory reporting in order to reduce costs and increase efficiency, according to a data vendor.

UBS has promoted two employees to co-head its equities business in the Americas, according to an internal memo.

Investors are scrambling for cover seeking short term put options in Petrobras, the Brazilian energy company, after a series of scandals, market downturns, and credit problems rocked the company.

Companies are increasingly relying on accelerated share repurchases (ASRs) as alternatives or complements to traditional corporate share buyback schemes.

Innovation in structured products is essential to customise clients’ needs in dynamic market environments, but issuers must weigh risks and education with additional product complexity, according to panellists at the Structured Products Americas-2015 conference in New York.

The Securities Industry and Financial Markets Association (SIFMA) has urged US regulators to disregard recommendations that the asset management industry should be regulated like large banks.

The European Securities and Markets Authority (ESMA) is centralising trade data submissions from trade repositories and trading venues via European national competent authorities, facilitating data harmonisation, transparency and access.

A central counterparty stress test framework proposed by LCH.Clearnet assesses risk impacts in several adaptive scenarios under the cover 2 requirement and a default auctioning protocol.

Firms with trade reporting obligations can save resources allocated to complying with reporting requirements by outsourcing their requirements to a third party provider. This can reduce initial system building costs, as well as provide better adaptive abilities in the future, according to Sapient Global Markets.

Swaps market participants face new challenges with delegated reporting liabilities as trade reporting requirements have evolved globally, according to research from Sapient Global Markets.

Asset managers and the funds that they manage do not present systemic risk according to a letter to the Financial Stability Oversight Council from two trade associations, and as a result, should be independently reviewed by the Securities and Exchange Commission.