Derivs - Interest Rate

Larry Thompson, vice-chairman of the Depository Trust & Clearing Corp, on Tuesday suggested that populist rhetoric in the US might be overshadowing President Trump's strong choices of leaders in independent financial oversight agencies.

The Depository Trust and Clearing Corporation has appointed two new directors to its board after a vote at its annual shareholders meeting.

The financial industry was told by regulators from the UK, Europe and the US this week to take the initiative in the transition from using Libor as a reference rate by the 2021 deadline.

Tradeweb, the electornic trading platform provider, has been dropped as a defendant from an antitrust case being brought in the US by a group of investors.

Deutsche Börse’s CEO, Theodor Weimer, on Wednesday committed to greatly reducing the exchange group's structural costs by 2020 while doubling down on growth, technology and acquisitions.

Plaintiffs in an antitrust case that has pulled in most big rates players in the US swaps market have been beaten back in their efforts to file a third amended complaint.

Governor of the Bank of England Mark Carney on Thursday urged markets to adopt alternative benchmarks to Libor like Sonia, saying that Libor was "overly reliant on expert judgment rather than actual transactions".

Leading bookbuilding and data firm Ipreo, owned by Goldman Sachs and Blackstone, has been sold to data provider IHS Markit for $1.855bn, a move that could change the balance in the battle for the next generation of primary markets technology.

Institutional asset owners have increased their use of smart beta strategies in 2018, but the adoption rate has slowed compared with recent years, according to a survey by index provider FTSE Russell.

The chairman of Deutsche Börse, Joachim Faber, on Wednesday said he would leave his post after a transition period before serving his full three-year term.

The US Commodity Futures Trading Commission on Wednesday issued a no-action letter that will allow non-US counterparties to not account for swaps with certain international financial institutions when determining whether or not they are swap dealers.

GlobalCapital is pleased to announce the winners for this year’s Americas Derivatives Awards. The results were announced at a gala dinner at the Metropolitan Club in New York on Thursday. The awards honour the firms and innovations that have pushed the derivatives market forward over the last 12 months.