North America
-
CME Group will be the first clearing house to clear interest rate swaptions, starting from next month, the firm has said.
-
Exchange operator Bats Global Markets and T3Index have launched an index measuring expected 30 day volatility in the SPDR S&P 500 ETF (SPY), the most frequently traded security in the world.
-
OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has appointed two senior fixed income officials to its board of advisors.
-
US economic data, despite some positive signals, is consistent with a continuing turn higher in market volatility, quantitative modellers have said. -
International Flavors & Fragrances was the only corporate issuer in the euro bond market on Monday as the US company made its debut offering in the currency.
-
Four banks from four jurisdictions got the FIG market off to a frantic start on Monday, and bankers think many more borrowers could hit screens before the European Central Bank meets on Thursday.
-
Hutchison China MediTech (Chi-Med), the drug-making arm of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa, has opened books for its $100m IPO on the Nasdaq.
-
Citi has hired two executives in equity derivatives from Goldman Sachs.
-
HSBC followed through on its plans to issue loss-absorbing senior debt from its holding company on Tuesday, offering a juicy pickup to its curve to dig deep into the dollar market for a $7bn deal.
-
Ford Motor Credit Company made its debut in the Singapore dollar bond market this week with a S$350m ($251m) transaction that investors were more than happy to put their money into.
-
A concerted rally of US and European credit and equity in the run-up to next week's European Central Bank meeting has all but eclipsed the blowout that occurred during last month’s turmoil. But traders warn that the market is still highly technical in its behaviour and further heavy volatility may not be far way.
-
Exxon Mobil on Monday reopened the dollar market for integrated oil companies with its biggest ever trade, as the blistering pace of issuance ensured March got off to a flying start amid stable funding conditions and tight pricing.
