Derivs - Interest Rate

Intercontinental Exchange expects to complete its acquisition of Interactive Data Corporation early next week, having received all regulatory approvals.

Fidessa, the UK based financial software and data company, has appointed a former LIFFE sales head to its Europe, Middle East and Africa derivatives business.

Credit options were the worst hit of volatility strategies on Thursday, said traders, after the European Central Bank unveiled provisions that many in the market found underwhelming.

The US Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading — particularly the use of algorithms — in a bid to limit disruptions in the futures market.

US regulator the Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading – and particularly the use of algorithms – in a bid to limit disruptions in the futures market.

The Depository Trust & Clearing Corporation has launched Data as a Service (DaaS), a solution that the company claims will transform the way data is accessed and presented from its clearing, settlement, servicing and trade reporting platforms.

The European Union has hit a big setback in its drive to overhaul financial market rules, with its chief markets regulator demanding a delay of as much as a year before implementing its flagship regulation, Markets in Financial Instruments Directive (MiFID II). But market participants greeted the reprieve as a welcome and necessary delay.

Increased market volatility in foreign exchange, derivatives and equities has driven improved investment bank results at UBS. The same volatility has hurt earnings at several other banks reporting this week.

Renewed confidence about CNY inclusion in the IMF's SDR has supported offered side interest in short-end CNY NDIRS today. A preference for the 3-year tenor has flattened the 1s/3s curve slope, writes Deirdre Yeung of Total Derivatives.

In the confusing world of China’s investor access programmes, one thing regulators have made clear is that hedge funds are not welcome. The launch of the Shanghai-Hong Kong Stock Connect gave the industry access the mainland markets, but the recent stock market trouble has seen regulators take a much harder stance.

In the wake of a selloff despite People’s Bank of China easing, the China Financial Futures Exchange implemented a series of new rules designed to stop the pain.

Brian Andreyko, the former global head of EBS product and development at ICAP Electronic Broking in London, has joined front office technology provider TradAir.