Derivs - Interest Rate

Javelin Capital Markets, an electronic trading venue planning to register post-reform as a swap execution facility, has provided regulators with specific threshold levels for block trading in interest rate swaps and credit default swaps.

Lloyds TSB Corporate Markets has hired Phil McCabe, head of rates products structuring at Royal Bank of Scotland in London.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that market watchers believe could become the industry standard.

­Tullett Prebon has hired six senior brokers as part of a strategy to build up its emerging markets team in North America.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that some market watchers believe could become the industry standard.

Dealers have been buying up euro calls against the U.S. dollar in recent weeks en masse, pushing the risk reversal close to zero for the first time since September 2009.

The Hong Kong Securities and Futures Commission is seeking comment on a proposal that would introduce more flexibility for firms to determine whether clients are professional investors, making it less cumbersome to invest in over-the-counter derivatives and more complex structured products.

If U.S. regulators set the bar for over-the-counter derivative block trades high enough and allow swap execution facilities to create segregated venues for block trades, the dealer-to-dealer market could continue unimpeded.

The coming Hong Kong central clearinghouse is aiming to include local banks, according to Sundeep Bhandari, chair of the Treasury Markets Association over-the-counter derivatives clearing feasibility taskforce.

RBC Capital Markets has hired David Odenath, a senior institutional account manager for U.S. private banks at Deutsche Asset Management, as a senior equity and rate-linked structured products salesman.

Eric Litvack, coo of global equity flow at Société Générale, told delegates that he is concerned by differences in legislative proposals in Europe and the U.S., particularly regarding reporting requirements and swap execution facilities

The Securities and Exchange Commission and the Commodity Futures Trading Commission are looking at establishing multiple identifiers for transactions as they plot governance of trading on swap execution facilities (SEFs).