UK

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.

UK deep-sea container port London Gateway has sold a £580m private placement and is increasing the deal to £650m.

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Concerns of rising central clearing costs are pushing derivative market participants to step up compression initiatives and shrink trade volumes to a post-2007 low, according to an industry report.

Lloyds Bank has given its interim head of loan markets the permanent job but will not fill his former role.

As the $100bn-plus IPO of Saudi Aramco nears its launch, the UK’s Telegraph has most recently hinted at a three-way foreign listing, conducted across London, New York and Hong Kong. Columnist Philippe Espinasse looks at the practicalities and advantages (as well as disadvantages) for the oil behemoth of listing in Asia.