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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.

Central counterparty clearing houses should have more "skin in the game" to keep them from liquidation, according to panellists debating CCP risk at the 35th annual Bürgenstock forum for global derivatives markets in Geneva on Wednesday.

A senior officer from the European Securities and Markets Authority warned on Thursday that submitting data to trade repositories is not enough to fulfil the legal obligation to report derivatives transactions in Europe, and that market participants must take steps to ensure the pairing and matching of trade data they file.

Some smaller dealers in Canada are grappling with the operational build out in order to comply with the Canadian over-the-counter derivatives reporting requirements set to begin on October 31.