Derivs - People and Markets

Eurex has decided to introduce a number of changes in 2017 to MSCI indices and related futures, after consulting with users for the exchange’s November review.

Nasdaq Clearing and Nasdaq Stockholm have both received fines after an investigation in Sweden found risk management and cyber security flaws.

Bats Europe is to add several benchmark indices spanning French, German, Italian and Swiss markets and expects these to support derivatives products in the future.

Euronext is looking for a chief executive officer for its Lisbon office, after Maria João Carioca answered a call from the Portuguese government to re-join Caixa Geral de Depósitos.

Tradeweb Markets, the New York-headquartered fixed income, derivatives and exchange trader fund marketplace provider, has reported a big rise in credit volume for November in both the US and overseas.

The Chicago Mercantile Exchange has appointed a president for clearing and post trade services, a newly created title at the firm.

IHS Markit has added CME Clearing to its MarkitSERV netting synchronisation service for cleared over-the-counter derivatives.

Options trading picked up this week as the Italian referendum and European Central Bank meeting drove markets. But with few obvious catalysts for upset left in 2016 after these events, the focus is turning to the financials sector as the year’s last bastion of volatility.

Rallying soybean and corn futures prices have prompted a big improvement in producer sentiment, according to a study.

JP Morgan was hit hardest as the European Commission on Wednesday fined three banks a total of €485m for manipulating markets in a euro interest rate derivatives cartel.

All central counterparties, by their nature, are systemically important. But some are more systemic than others. Regulators should adopt a more tiered, and more technological approach to CCP recovery and resolution.

Market participants should move to standardised collateral and terms to address variation margin requirements, the International Swaps and Derivatives Association (ISDA) has said, with many counterparties needing to amend, replace or introduce credit support annexes ahead of the March 1 deadline.