Derivs - Interest Rate

The Commodity Futures Trading Commission has again extended no-action relief for the Shanghai Clearing House (SHCH), advocating against enforcement action for failing to register as a Derivatives Clearing Organisation (DCO).

Mid-sector CNY swaps have been well offered today but Société Générale says deleveraging efforts will back more steepening across the 2s/5s NDIRS slope, writes Deirdre Yeung of Total Derivatives.

Torstone Technology, the provider of post-trade securities and derivatives processing platforms, has hired Paul Phillips as head of European sales, and Paul Mundy as product manager, as the company plans a European expansion.

Tradeweb Markets, the provider of OTC derivatives trading platforms, has signed up a number of big banks to its Approved Publication Arrangement service, it said on Monday.

Christopher Giancarlo, the acting chairman of the US Commodity Futures Trading Commission, this week opened the path for a return to bank dealer market making as he targeted improved swap market liquidity.

The politically charged debate over euro clearing rumbled on this week as leading regulators set out their positions on where such activity should be located.

Another year, another ISDA conference. But this wasn’t just any other year. With variation margin requirements in the rearview mirror, MiFID II looming in 2018 and the question of London euro clearing troubling many, the trade body had a lot of questions to tackle in just two packed days of panels and speeches.

Christopher Giancarlo, the acting chairman of the US Commodity Futures Trading Commission, on Wednesday stressed the importance of international derivatives clearing as he set out his regulatory agenda.

In China today CPI and PPI reports gave mixed signals that backed some early paying in swaps. Meanwhile, consolidation in the currency market gave way to a corrective dip in short swap rates, writes Deirdre Yeung of Total Derivatives.

Chair of the European Securities and Markets Authority (ESMA) Steven Maijoor on Tuesday revealed detail on how his institution will approach the City of London’s extraction from the European Union.

Derivatives market participants today descended on the city of Lisbon to discuss the future of the industry at the 2017 International Swaps and Derivatives Association (ISDA) annual general meeting.

After conducting ‘pre-live verification’ testing on Euribor plus, the European Money Markets Institute (EMMI) and the European Securities and Markets Authority (ESMA) have decided not to transition to the new benchmark process.