Derivs - Interest Rate

OpenDoor Trading has re-engaged the services former chief operating officer, Chris Ferreri, as a member of its advisory board, just months after he left the firm to join a broker.

Longer CNY NDIRS have been bid on the easing Brexit risk and the curve is steeper. SAFE has relaxed rules on the repatriation of offshore issue proceeds. 361 Degrees is planning a dim sum buyback, writes Deirdre Yeung of Total Derivatives.

There is no use crying over missed deadlines, or throwing around blame. Europe will not meet the September 1 effective date for imposing margin on uncleared swaps, so US regulators now have a tough call to make on whether to delay as well.

Citadel Securities, the market making business, has made a senior FICC sales hire from Barclays to its Chicago office.

Law firm Allen & Overy and financial services firm Deloitte are working together on a solution to help big banks comply with regulations that are due to come into force from September and require margin to be posted on over-the-counter derivatives trades.

A flurry of corporate borrowers came to market this week, but the UK’s approaching referendum on Europe has struck terror into the heart of liquidity providers across all walks of the derivatives market.

truePTS has appointed a former IntercontinentalExchange official as its first chief executive officer since becoming an independent post-trade derivatives business.

OpenDoor Trading has joined forces with Broadway Technology to speed up development of its trading platform for the US Treasury bond market.

The state of Illinois sank deeper into trouble over a budget impasse this week, with Moody's cutting the US state's credit rating while a key financial market figure told lawmakers that a proposed derivatives tax would only worsen problems rather than help solve them.

CNY swaps have been offered on easing liquidity concerns and bets ahead of key data. Sources say weak inflation figures later in the week could flatten the 1s/5s curve slope. Meanwhile, BNS issued a 2-year dim sum bond, writes Deirdre Yeung of Total Derivatives.

CNY swaps have been better offered across the curve today as corrective strength in the yuan supports the shorter maturities while Friday's weak US non-farm payrolls report is supporting the long-end. 1s/10s NDIRS is flatter on long-end outperformance. Data and holidays are to come later this week, writes Deirdre Yeung.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.