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THEAM, a €40bn asset management division of BNP Paribas, plans to buy a nine-month put butterfly on the euro against the dollar to express a bullish dollar position in the coming weeks.

Overall credit default swap notional reported to swap data repositories last week increased by 17% from the previous week, according to data from the International Swaps and Derivatives Association. This follows four weeks of a consistent uptick in CDS notional, with a combined increase of 102%.

Derivatives market participants have eliminated $284.3bn in notional principal in the first compression cycle for cleared South African rand interest rate swaps using TriOpima’s triReduce and LCH.Clearnet’s SwapClear services.

Integrated asset management, private equity and hedge fund shop FinEx Group, has launched a commodities boutique that will provide hedging and risk management services via derivatives and structured products to commodity producers and consumers globally.

Samuel Rosenberg, the ex-global head of financial engineering at Newedge in New York, has joined Natixis, also based in New York.

Overall credit default swap notional reported to swap data repositories last week increased marginally by 4% from the previous week, according to data from the International Swaps and Derivatives Association. This follows three weeks of a consistent uptick in CDS notional, with a combined increase of 98%.

The Foreign Exchange Benchmarks Group has recommended the fixing window used to calculate FX rates should be widened from its current width of one minute, following its review of major FX benchmarks on the back of allegations that FX fixing rates were being manipulated.

Overall credit default swap notional reported to swap data repositories last week increased marginally by 4% from the previous week, according to data from the International Swaps and Derivatives Association. This follows three weeks of a consistent uptick in CDS notional, with a combined increase of 98%.

TriOptima has completed the largest energy portfolio compression cycle to date, eliminating a notional outstanding value of $12.1bn.

Market participants have been picking up options on the New Zealand dollar against the US dollar following a recent spike in volatility, due to the Reserve Bank of New Zealand's intervention in the FX market.

Jamie Gavin, ex-executive director of operations and global head of change for listed derivatives and over-the-counter clearing at Morgan Stanley, has joined brokerage Newedge as head of institutional OTC clearing sales for the UK.

€2.9 billion notional of barrier options on the euro against the US dollar that expired Thursday ended up being worthless. The barrier options had strikes at $1.2850, but their tenor could not be gleaned.