United States

Tullett Prebon has bought a long term licence to use CME Group's hybrid voice/electronic trading technology, adding to the interdealer broker's other recent hybrid expansion initiatives.

UBS reopened the additional tier one market for the first time since Brexit this week, taking advantage of highly supportive conditions in the dollar market. With the asset class ever more supported by regulators, further issuance could be imminent.

Microsoft kicked off a front-loaded week of corporate issuance in the dollar market weighted as borrowers emerged from earnings blackout and rushed to print ahead of non-farm payrolls on Friday.

Barclays, Santander UK and UBS blitzed the US market on Wednesday in a series of trades aimed at boosting levels of total loss absorbing capacity (TLAC) eligible debt.

US federal agencies have agreed a final rule exempting some commercial and financial derivatives counterparties from having to pay margin on trades not cleared through a clearing house.

The International Swaps and Derivatives Association and IHS Markit have updated their ISDA Amend protocol for margin on uncleared swaps and cross-jurisdictional notification between counterparties, in response to changing regulatory requirements.

Barclays and UBS blitzed the US market on Wednesday in a series of trades aimed at boosting levels of total loss absorbing capacity (TLAC) eligible debt.

Intercontinental Exchange restated its credit default swap credentials this week with ICE Swap, a newly launched trading platform for cleared credit default swaps, only days after it agreed to sell its Creditex hybrid voice broker credit derivatives business to Tullett Prebon.

HSBC’s troubled US business has turned a corner, with the bank now allowed to pay its first dividend from the American subsidiary to the parent since 2007. That draws a line under a decade of woe, which saw the bank brutally burned by its purchase of Household Mortgages, and spin-offs including the sale of its credit card business and many of its upstate NY branches.

US federal agencies have agreed a final rule exempting some commercial and financial derivatives counterparties from having to pay margin on trades not cleared through a clearing house.

US coatings manufacturer Axalta priced its $875m dual currency offering on Tuesday as it brought this week’s second cross-border bond, at pre-Brexit pricing levels.

GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.