Derivs - People and Markets

Chicago Mercantile Exchange (CME) Group on Wednesday said that it would launch two new interest rate futures referencing the sterling overnight index average (Sonia) on October 1.

The Derivatives Service Bureau (DSB) suggested ways to alleviate concerns from stakeholders over pricing and governance on Tuesday when it published the key findings from an industry consultation conducted in July.

Barclays said on Tuesday that it had hired Justin Brickwood from Goldman Sachs, to take on the newly created role of ‘head of markets innnovation’.

Major cryptocurrency exchanges Bittrex, Gemini, Bitstamp and bitFlyer have launched a working group to establish a self-regulatory organisation (SRO), potentially having large implications for the cryptocurrency spot and derivatives markets.

Dealers are exercising bargaining power and protecting against increased regulatory costs by charging more for non-cleared interest rate swaps, according to a new report by the Bank of England (BoE).

Electronic trading platform provider Tradeweb is entering the US equity options market with a request-for-quote protocol that aims to capture growing investor taste for the product.

BNP Paribas said on Thursday that it had hired Viktor Hjort from Brevan Howard as global head of credit strategy and desk analysts, following the promotion of Olivia Frieser to global head of research.

The Japanese bank has revamped its investment banking division as it looks to boost efficiency and grow revenues following a grim first quarter and cuts in global markets.

Chicago-based futures brokerage R.J. O'Brien and Associates (RJO) has appointed Stephen Brodsky to its newly created chief strategy officer role, the company said on Wednesday.

The Futures Industry Association (FIA) has called for greater transparency in efforts by US regulators to determine the method for calculating the notional threshold at which dealers have to be registered as swap dealers.

Financial resources dedicated to protecting central counterparties from defaults are becoming increasingly concentrated at two CCPs, according to a report by global watchdogs released on Thursday.

Barclays has hired Dean Galligan from Goldman Sachs as head of cross asset structuring solutions.