Derivs - Interest Rate

Derivatives analytics platform Acuiti claims a flash rally in Euribor on the Intercontinental Exchange resulted in substantial losses for proprietary trading firms.

South Korea’s financial regulator is launching a probe into local sales of derivatives products linked to overseas interest rates amid allegations of miss-selling.

TP ICAP has appointed Michel Planquart as regional CEO for EMEA, giving him oversight of risk and governance for the region.

Bloomberg has acquired regulatory consultancy and technology company RegTek Solutions as it pushes to strengthen its regulatory reporting product.

ING has launched the world’s first sustainability improvement derivative, a derivative with a credit spread that is linked to sustainability performance. The trade comes amid growing demand for environmental, social and governance derivatives products.

The Global Association of Central Counterparties (CCP12) has warned against further regulation of default management auctions and the risk of adopting a “one-size-fits-all” auction approach to central counterparty clearing houses (CCPs).

The US Commodity Futures Trading Commission has appointed Summer K. Mersinger as director of the office of legislative and intergovernmental affairs and Suyash G. Paliwal as director of the office of international affairs.

Futures Industry Association data shows that average trading volume on swap execution facilities (SEFs) for July hit its seventh highest level since the trading association's records began.

Eurex Exchange on Tuesday reported a strong set of numbers for the month of July, with its number of contracts traded rising 18% year on year.

The International Swaps and Derivatives Association has selected Bloomberg Index Services to assist with fallbacks provision as the derivatives industry prepares to transition away from Libor as its standard reference rate.

Invesco has made two hires, Ali Zouiten and Derek Steeden, to bolster its derivatives-based solutions.

Non-cleared derivatives risk and collateral management services provider AcadiaSoft has struck a new technology partnership with cloud-based collateral management workflow tool provider CloudMargin.