Derivs - People and Markets

Norwegian energy company Statoil agreed to pay $4m to the Commodity Futures Trading Commission (CFTC) on Tuesday, over allegations that the company attempted to manipulate an index to benefit its propane swap positions.

The European Securities and Markets Authority issued a warning on initial coin offerings on Monday, suggesting the unconventional capital raising tool may be subject to EU securities regulation.

The International Swaps and Derivatives Association on Thursday revealed that it is once again accepting applications for the role of Determinations Committee secretary, a body that carries out administrative duties for credit derivatives committees.

Amid all of the hand-wringing about the advent of the Markets in Financial Instruments Directive on January 3, there are some firms which are set to be clear winners, and welcome the start of the controversial regulation.

Nomura has hired Omar Ghalloudi as head of developed markets trading in flow credit for EMEA. This is a new position.

As the prospect of a ‘hard Brexit’ looms over the City of London, UK politicians are facing the humiliating prospect of losing financial market primacy to Paris. The derivatives market is one area where participants are actively looking across the Channel, worrying Nicky Morgan, chair of the UK parliament’s Treasury Select Committee.

The chief financial officer and treasurer of Chicago Board Options Exchange Global Markets, Alan Dean, is due to retire from his post at the end of the year.

A high stakes game of chicken is taking place between US and European regulators, with the spectre of fragmentation in derivatives markets looming. But there's been no proper dialogue between the two sides.

The head of the foremost derivatives regulator in the US, Christopher Giancarlo, has issued a warning to European regulators on incoming regulation, condemning “costs and regulatory burdens” to the US economy.

As investor demand for ESG products grows, an exchange traded fund tracking companies with good policies on gender equality began trading on Euronext this Monday.

A credit index trader at Société Générale in London, Gamal Selvarajah, has left the bank, GlobalCapital can confirm.

A top US regulator at the Commodity Futures Trading Commission on Thursday slammed the “one-size-fits-all philosophy” of the organisation's prior leadership.