United States
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The US Commodity Trading Futures Commission's split over whether to accept Japan's uncleared margin rules as equivalent to the US was not an ideal outcome. But the decision, however contentious, is a pragmatic step which will motivate further convergence between regulatory regimes.
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trueEX, the interest rate swap trading platform, has added BNP Paribas as a market maker, taking its pool of global derivatives dealers to 21.
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US car rental group Hertz on Monday opened a two day roadshow for euros to refinance part of the debt of its European division and fund its operations.
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FIG borrowers looking to return to the capital markets may have to pay a little more for funding this week, as market participants tread carefully around the possibility of the US Federal Reserve raising rates in September.
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Icap has promoted a senior official to run its EBS BrokerTec fixed income electronic trading division.
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truePTS, a post-trade service provider for derivatives processing, has unveiled truePTS Counterparty Manager, a counterparty data management solution developed in partnership with LEI Smart.
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Yankee banks plundered the dollar market as the high-grade sector got off to a blistering start following the Labor Day holiday.
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The US corporate bond market roared back to life after the Labor Day holiday with a torrent of supply that set the dollar market on course for its busiest September on record.
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Last week’s rollout of margin rules for uncleared swaps in the US, Canada and Japan has been characterised by some participants as a ‘mad scramble’ that was lucky to muddle across the finish line without disaster. But having observed the challenges the US faced, European regulators must think carefully about how they implement their own margin deadlines, sources have warned.
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CME Group has expanded its reach in both Asia and Latin America, with Hong Kong and Mexico recognising the firm as a central counterparty (CCP).
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Thermo Fisher Scientific, the US medical equipment manufacturer, on Wednesday pulled in €6.6bn of orders for a €1.6bn dual tranche transaction backing its acquisition of FEI on Wednesday.