Derivs - Interest Rate

Uncertainty around how MiFID II’s trading obligation will function after Brexit is leading UK and European derivatives trading houses to consider executing trades in other jurisdictions.

The US’s Reality Income is planning a £300m bond sale to part finance its acquisition of 12 properties in the UK linked to grocer J Sainsbury’s.

A new report from the Depository Trust & Clearing Corp claims recent technology advances could help reduce trade failures for institutions.

Some big, highly rated US companies have in the last few months begun to negotiate 'holidays' from their credit support annexes - the arrangements with banks that protect both sides when they engage in derivatives transactions.

The International Swaps and Derivatives Association has appointed three new directors to its board, from Eurex, DBS Bank and Nomura.

A senior European Commission official has defended the EU's record on regulation since the financial crisis, amid complaints that global derivatives markets have become fragmented.

Deutsche Börse plans to buy Axioma, an analytics company in the US, and combine it with its index businesses Stoxx and Dax, establishing a new separate company worth around €3.5bn.

Torstone Technology, a post-trade securities and derivatives processing technology provider, has agreed to acquire Percentile, a risk and compliance technology provider.

The European Securities and Markets Authority has launched a fresh round of stress tests for EU central counterparty clearing houses. It will include a new component to measure the cost of liquidating concentrated positions. ESMA said UK CCPs would be excluded from the exercise in the event of a no-deal Brexit.

Regulators are risking fragmenting the global derivatives market by inconsistently applying G20 reforms, according to a new report from the World Federation of Exchanges and Oliver Wyman.

The Australian Securities Exchange has adopted a new algorithm and cost analysis system, which assists market participants in implementing futures trades and measuring execution quality.

Eurex's Repo Partnership Programme, which it started on February 1, appears to be bearing fruit. The average volume of financing in the exchange's repo markets segment in March was 23% higher than a year ago.