UK

A growing market shift among institutional investors towards short-dated volatility plays has led the London Stock Exchange (LSE) to start offering weekly options on UK stocks for the first time while other exchanges are moving closer towards allowing intraday strategies.

United Arab Bank — Isbank — LSL Property — Nokian

Bank of England governor Mark Carney’s latest warnings on Brexit may have dominated market attention this week, but the Bank also put major central clearing houses in its crosshairs with a call for global stress testing to stop them becoming ‘too big to fail’.

Unite, the UK’s operator of student accommodation sites, on Thursday tapped for £310m its old 2030 bond as healthy occupancy rates assured investor support.

TSB Bank is planning to hit the market with its second UK prime RMBS deal, following its first quarter results which showed strong growth in its mortgage lending.

The recent stabilisation of financial markets, following February's turmoil, has been good for some investors but not a positive for many trading in the options market.

The UK’s LSL Property Services has extended its existing £100m credit line to May 2020.

Broadridge Financial Solutions, an operations and tech solutions firm, has added derivatives clearing to its post trade services by buying Dojima, another tech firm.

UK retailer Next on Wednesday issued a £300m bond, benefiting from a receptive period in the sterling corporate bond market, which is expected to wind down in June as the Brexit referendum approaches.

Global stress testing is required for derivatives clearing houses to ensure that they do not become ‘too big to fail’, the Bank of England has said.

A former director-level leveraged finance banker at Lloyds joined Société Générale this month on a short term contract.

The former UK chief executive of UBS is to join the fixed income, currency and commodities Markets Standards Board — part of the UK’s initiative to ensure wholesale markets are operated fairly.