Derivs - Interest Rate

The Democrat side of the US Commodity Futures Trading Commission has come out swinging against agreed changes to the Volcker rule.

The US Commodity Futures Trading Commission (CFTC) has ordered Tullett Prebon Americas to pay a total of $13m in relation to alleged supervisory failures and making false or misleading statements.

Christopher Giancarlo is joining the board of the American Financial Exchange, an electronic exchange for direct lending and borrowing between US financial institutions.

Eurex Clearing announced on Monday that it will waive booking fees for OTC interest rate derivatives portfolio switches from LCH until the end of 2019.

TP ICAP has named Amir Zaidi, a respected former senior figure at the US Commodity Futures Trading Commission (CFTC), as its global head of compliance.

The Financial Stability Board has appointed Ryozo Himino as chair of its standing committee on supervisory and regulatory cooperation.

Mizuho Securities has become the first Japanese clearing member to access LCH SA’s euro debt clearing services as a member of RepoClear.

Buy and sell-side firms have rejected suggestions that they should have to post additional margin or participate in default funds in the aftermath of last year’s default at Nasdaq clearing.

Eurex Clearing on Wednesday announced that it will be integrating Capitalab as an additional compression services provider for its OTC interest rate derivatives offering.

Eurex is launching inter-product spread strategies for fixed income futures to meet demand from buy-side investors and proprietary trading firms.

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

India’s Bombay Stock Exchange has launched trading in interest rate options linked to the country’s government bonds.