Derivs - Interest Rate

The deadline for public comments on a key US swaps regulation is due on January 19 and, unless the Commodity Futures Trading Commission is swayed otherwise, “made up numbers” could drive costs higher for market participants.

The UK High Court has said that a former Deutsche Bank trader’s suit to claim crisis-era bonus payments “has no realistic prospect of success”.

TriOptima, the over-the-counter post-trade services provider, has teamed up with AcadiaSoft to launch a margin processing service, ahead of new rules on uncleared derivatives.

The deadline for public comments on a key US swaps regulation is due next week and, unless the Commodity Futures Trading Commission is swayed otherwise, “made up numbers” could drive costs higher for market participants.

5y CNY swaps have been well offered as Chinese equities continue their sell-off. In the short-end though, 1y swaps have been bid on concerns about the yuan. In Hong Kong today HIBOR spiked sharply on CNH liquidity tightness spurred by reports of indirect PBOC intervention, writes Deidre Yeung.

Competition between derivatives exchanges is intensifying, giving rise to a rash of product and platform launches in 2015, as well as geographical expansion. But 2016 will be dominated by regulatory deadlines for electronic trading. As Dan Alderson reports, exchanges that best prepare market participants to meet these requirements will be the ones that will win out.

BGC Brokers, the interdealer broker, is making a push into the competitive world of over-the-counter derivatives portfolio compression and has already taken out over €800bn notional of swaptions.

The US Commodity Futures Trading Commission this week voted in a final rule on margin requirements for uncleared swaps for bank dealers and major swap participants – despite the objection of one of the three commissioners that it will be far less effective at reigning in US bank excesses than an earlier version

Short-end CNY swaps have been bid on the weaker CNY trend and the 1s/5s curve slope is flatter. China has expanded its ties with UAE. South Korea issued the first Panda bond by a foreign sovereign, writes Deirdre Yeung of Total Derivatives.

Markets divisions at investment banks have ruled the roost for years now, but their world is being turned upside down. Soon, nothing will be what it seems anymore.

Intercontinental Exchange (ICE) has completed a $5.2bn acquisition of Interactive Data Corporation.

The US Securities and Exchange Commission proposed rules last Friday aimed at curbing funds’ use of derivatives, in a move that could force some exchange traded funds (ETFs) to close.