Derivs - People and Markets
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Investors trading euro/dollar and cable options do not appear concerned about Greece’s potential eurozone exit or medium term effects of UK elections, according to strategists.
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The Singapore Exchange and the Bank of China International Holdings have renewed a commitment to collaborate on market expansion of the renminbi.
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LCH.Clearnet has appointed two new members to its board of directors from outside the firm.
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A number of companies in the consumer discretionary sector have seen substantial inflows as investors buy call options to take advantage of upside exposure and cheap premiums.
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Spreads on US corporate credit default swaps are tightening as credit conditions have generally improved or plateaued, motivating investors to seek higher yield.
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Robert Pickel, the former head of the International Swaps and Derivatives Association (Isda), has joined interdealer broker Tradition as non-executive director to the board of TraditionSEF, the swap execution facility it operates in the US.
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Investors are tailoring their options strategies to focus on hedging global macro risks and identifying single stock options in lieu of larger market options baskets.
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Société Générale Prime Services — formerly Newedge — will clear credit derivative transactions through ICE Clear Credit and ICE Clear Europe following its regulatory approval.
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GlobalCapital is delighted to announce the nominees for its 2015 US Derivatives Awards. Nominations are based upon the cross-market poll conducted in recent weeks. Winners will be announced at a gala dinner in New York on May 28.
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The overall credit default swap and interest rate derivative notionals reported to swap data repositories last week decreased again by a further 35% and 25% respectively compared to the same week last year, according to data from the International Swaps and Derivatives Association.
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BNP Paribas has hired an experienced high yield credit and CDS trader for its London operations.
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Global swaps participants should use the BCBS-IOSCO margin rules delay as an opportunity to face new issues posed by initial and variation margin requirements, experts say.