North America

Axoni, a New York based start up firm specialising in distributed ledger infrastructure for capital markets and derivatives, has hired a former Citadel executive as its chief operating officer.

HSBC has begun offering a clearing collateral service for over-the-counter (OTC) derivatives to help clients comply with G20 swap reforms.

Crédit Agricole CIB said on Tuesday that it had received approval for a branch in Canada.

Export Development Canada is to print a long four year sterling bond as demand for paper in the currency defied fears of a possible UK's exit from the European Union.

Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with stateside accounts, Chinese names should give up on US investors for now.

OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has hired an experienced capital markets strategist to a senior position.

CME Group is adding to its base metals business with an aluminium alloy futures contract.

European-listed exchange traded funds had their busiest month ever on Tradeweb in April, the marketplace firm said.

Post-crisis regulation, funding pressures and liquidity demands are leading investors to favour derivative products over underlying assets in novel ways, said analysts.

The Singapore dollar bond market’s recent resurgence of private bank demand has prompted a slew of subordinated debt issuance with Manulife Financial Corp launching a rare insurance tier two and Mapletree Logistics Trust opting for a perp non call five and a half on Monday.

Deutsche Bank returned to the dollar market with its biggest-ever deal in the currency as it exploited favourable funding conditions.

The geographical spread of US private placement issuance has been shaken up in 2016, according to two USPP bankers based in London.