Derivs - Interest Rate

Bloomberg has received temporary registration approval from the U.S. Commodity Futures Trading Commission to operate a multi-asset class swap execution facility.

JPMorgan suggests buying delta-hedged 3mx5y swaption straddles on the U.S. dollar interest rates curve to play a bullish gamma view.

State Street has joined the ranks of applicants to the U.S. Commodity Futures Trading Commission to become a multi-asset swap execution facility under Dodd-Frank, less than a week before the final SEF rules become effective.

Investors have been snapping up hybrid structures on the 10-year constant maturity swap curve and S&P 500 to position for both higher and lower correlation between the underlyings.

Sascha Prinz, managing director of U.S. swaps and treasuries trading, at Bank of America Merrill Lynch in London, has left the firm.

The Royal Bank of Scotland sees value in entering bearish steepeners on the sterling rates curve due to the decreased likelihood of quantitative easing by the Bank of England, leading to higher long-end rates.

GFI Group has applied to the U.S. Commodity Futures Trading Commission to become a multi-asset swap execution facility under Dodd-Frank.

Aroen Ramnathsing, ex-managing director in interest rates derivatives trading at the Royal Bank of Scotland in Stamford, Conn., is set to join Nomura in a similar role in New York.

Troy Bowler, managing director and head of emerging markets rates sales at Barclays in Singapore, has joined ANZ.

Foreign institutions are concerned they will have to enter a foreign financial institution agreement with the U.S., or otherwise suffer a withholding tax on their derivatives transactions, if intergovernmental agreements are not concluded before the implementation date of the Foreign Account Tax Compliance Act.

The Australian Council of Financial Regulators is recommending the government enforce mandatory clearing for over-the-counter U.S. dollar, Japanese yen, euro and sterling-denominated interest rate swaps, a reversal from its past stance of a market driven solution to its G20 derivative reform commitments.

The Bank of Thailand has lifted its offshore investment quota for both institutional and non-institutional investors, making it easier to invest in exchange and over-the-counter derivatives and other instruments.