Derivs - Interest Rate

The Australian Securities and Investments Commission (ASIC) has laid out the foundations for its licensing of new index benchmarks, with five already in line to be classified as “significant”.

GlobalCapital is pleased to announce the nominees for its Global Derivatives Awards 2017. The shortlist has been built from market soundings and research. Winners will be unveiled at a gala dinner at One Whitehall Place in London on September 20. Nominees are now invited to pitch for each award over the coming weeks. A GlobalCapital editorial panel will decide the winners. These awards honour the companies, platforms, services and products that have grown, innovated and strengthened the global derivatives market during the last 12 months. Each category will be decided by considering innovative products and services, commitments to new markets, improvements in efficiency, liquidity and market stability, as well as client guidance.

Australia and New Zealand Banking Group on Monday became a clearing member of OTC Clearing Hong Kong (OTC Clear), the OTC derivatives clearing house of Hong Kong Exchanges and Clearing Limited (HKEX).

Renminbi non-deliverable interest rate swaps (NDIRS) have been well offered on easier liquidity conditions and a long-end outperformance has driven some curve flattening momentum on Wednesday. Despite this, sources see scope for the curve to flatten further. Offshore interest in CNY bonds is said to be growing, writes Deirdre Yeung of Total Derivatives.

The Dubai Gold and Commodities Exchange (DGCX) and the Abu Dhabi Securities Exchange (ADX) have announced their aim to work towards a unified clearing house in the United Arab Emirates.

Acting chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo on Monday appointed Daniel Gorfine to serve as director of LabCFTC and as chief innovation officer of the regulatory authority.

The Intercontinental Exchange (ICE) has lost the fight for its Trayport energy trading business and will have to sell the platform, the UK competition and markets authority (CMA) has ruled.

Volumes from the major derivative exchanges have been posted for June, with large variations emerging between institutions.

There has been rising demand for short-dated non-deliverable interest rate swaps (NDIRS) in the renminbi market after the People’s Bank of China adjusted the fixing lower and market participants braced themselves for a key resistance level, writes Deirdre Yeung of Total Derivatives.

The Basel Committee on Banking Supervision commended international efforts to build “larger” and “better quality” capital and liquidity buffers on Tuesday. But it warned G20 countries that regulatory adoption of rules on the measurement of counterparty credit risk and capital requirements for clearing house exposure has been delayed.

The Singapore Exchange (SGX) has admitted two new derivative trading members, including Shinhan Investment, the first party to trade remotely from South Korea.

Market conditions should be set by tangible data points. Pricing trillions of dollars of financial products based on the estimates of a small elite of submitters, however tightly regulated these days, is no longer tenable, and a change is due.