Top Stories
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Time Warner Cable credit spreads could increase further as M&A speculation grows following a Department of Justice’s antitrust ruling against rival Comcast's merger plans for the company on April 24.
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The European Securities and Markets Authority approved operational status for 10 central counterparties to operate in third countries as part of the European Market Infrastructure Regulation.
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Lloyds Bank has hired a new head of US FX sales, based in New York.
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The Australian Securities Exchange has joined up with the China Futures Association to expand commodity and interest rate derivative markets in the Pacific through shared training and personnel exchanges.
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Risks of corporate downgrades and lower CDS volumes have pushed investors into carry strategies favouring single name entities and non-directionality.
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Société Générale is planning to expand its coverage of alternate investment funds with its Orchestra multi-asset post-trade service and prime brokerage, having landed one client this week.
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As corporate mergers and acquisitions become increasingly subject to lengthy regulatory reviews, investors have been able to capitalise on greater versatility in options strategies despite higher premiums.
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The overall credit default swap and interest rate derivative trade counts reported to swap data repositories last week increased 24% and 46%, respectively, compared to the same week last year, according to data from the International Swaps and Derivatives Association.
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Structured products are back, but not as you know them. Volumes are edging back to pre-crisis levels, but those familiar with the market then will not find the same types of structure on offer today.
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At the International Swaps and Derivatives Association's AGM in Montreal on Thursday, the Commodities Futures Trading Commission appeared receptive to evolving discussions of post-trade name give-up on swap execution facilities in light of growing buyside demand for anonymity.
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The Commodity Futures Trading Commission has issued no-action letters to address trade complications surrounding clerical error trades and has extended no-action relief for SEF execution confirmations.
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Despite industry efforts to shift trading on swap execution facilities to electronic central limit order books, voice broking and request for quote systems still play important roles, said industry insiders on Wednesday.