Derivs - Interest Rate

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.

For creating an excellent combination of voice and electronic broking services, working to expand its product offering and collaborating with clients to ensure a smooth transition to new regulatory requirements, Tradition is GlobalCapital’s Americas Derivatives Broker of the Year.

For the growth of its business, its broad offering of trading protocols and its innovation in intelligent execution, Tradeweb is GlobalCapital’s Americas Swap Execution Facility of the Year.

For innovation in structuring, its leading role in helping financial institutions comply with regulations and its support for the derivatives industry through its work in drafting standardized documentation, Mayer Brown is GlobalCapital’s Americas Law Firm of the Year.

For its ability to pilot clients through periods of intense volatility, marry technology with advice and to work seamlessly across its investment bank and wealth investment arm, Credit Suisse is GlobalCapital’s Americas Derivatives House of the Year.

For its standout response to the electronification of derivatives markets, attention to regulatory requirements and innovation across a range of clients and trading protocols, NEX Data is GlobalCapital’s Americas Data and Analytics Provider of the Year.

For creating efficiencies through the trade lifecycle, its commitment to launching new products and willingness to innovate, CME Group is GlobalCapital’s Americas Exchange of the Year and Americas Clearing House of the Year.

Derivatives market participants gathered at the Metropolitan Club in New York on Thursday to celebrate the winners of this year’s GlobalCapital Americas Derivatives Awards.

The Futures Industry Association on Thursday broadly endorsed the need for mechanisms that help deal with extreme volatility on trading venues, arguing that there shouldn't be a "one-size-fits-all" approach.

Members of the European parliament are set to shorten the clearing suspension mechanism proposed last year by the European Commission, according to draft amendments seen by GlobalCapital.

The European Parliament's Economic affairs committee is on May 16 set to approve draft regulation that would allow the European Union to force large non-EU clearing houses (CCPs) to relocate to the continent if dealing with systemic amounts of euro-denominated deals.

The CME Group has announced the first trades in its new futures contract referencing the secured overnight financing rate, which US market participants have selected to replace Libor.