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Overall credit default swaps notional that was reported to swap data repositories last week dropped by 17% from the previous week, according to data from the International Swaps and Derivatives Association. Overall interest rates derivatives trading that was reported, however, remained relatively flat.

LCH-CME basis swaps, where one counterparty pays a fixed rate on a swap cleared on LCH.Clearnet’s SwapClear versus receiving a fixed rate on a swap cleared by CME Clearing, and vice versa, are to grow in frequency as dealers seek to balance exposure between one or more central counterparties, writes Beth Shah.

Overall credit default swaps notional that was reported to swap data repositories last week increased by 4% from the previous week, according to data from the International Swaps and Derivatives Association. Overall interest rates derivatives trading that was reported, however, dropped by 12%.

The Royal Bank of Scotland has joined US-based futures exchange Eris Exchange to provide clearing services to clients globally.

The Royal Bank of Scotland has joined US-based futures exchange Eris Exchange to provide clearing services to clients globally.

Tullett Prebon has launched an aggregated feed of swap data repository data for the interest rate swaps market, in a bid to increase price transparency by combining standardised post-trade data with pre-trade bids and offers.

Volatility risk premium strategies, such as volatility and correlation swaps, are becoming increasingly popular as investors look for alternative strategies to the over-crowded carry trade in the current low volatility environment.

ING has begun offering so-called sprinters based on the NL20 index, a total return index that reflects the real performance of the 20 largest listed companies in the Netherlands.

The Basel Committee on Banking Supervision’s text on non-modellable risk factors is too prescriptive and rigid, and could prevent the appropriate use of data, according to a number of industry associations.

Turnover in listed structured products on European exchanges increased in the first quarter of 2014, with trading volume up 25.4% to €33.4 billion, according to the European Structured Investment Products Association.

Trad-X, the interest rate swaps trading platform run by Tradition, has hit record trading volumes for dollar IRS, with volumes exceeding $290 billion since the inception of $ products in February 2013.

Jeff Micsky has been appointed global derivatives head at JonesTrading Institutional Services, based in San Francisco.