Interest Rates

  • CFTC and BoE tie up clearing agreement

    The US Commodity Futures Trading Commission and the Bank of England signed a memorandum of understanding on Tuesday regarding the oversight of derivatives clearing.

  • JP Morgan and Capula execute Sonia trade on Tradeweb

    JP Morgan and Capula have executed a Sonia swap against a Gilt future on Tradeweb, in what the trading venue provider says is the first electronic execution of such a trade for institutional investors.

  • CCP Sofr switch gives needed boost to Libor move

    CCP Sofr switch gives needed boost to Libor move

    The transition from Ibor benchmarks passed a major milestone this week, when LCH joined CME in switching its discounting rate for dollar referencing derivatives from the Fed Funds Rate to Sofr.

  • ISDA fallback boost gives needed spur to Ibor transiton

    ISDA fallback boost gives needed spur to Ibor transiton

    The International Swaps and Derivatives Association broke ground earlier this month in Libor transition when it the US Department of Justice approved its derivatives fallbacks. Market participants now face a busy few weeks working out if the protocol fits their differing needs.

  • Short vol opportunities open up amid US options swings

    Short vol opportunities open up amid US options swings

    Amid heavy options trading activity ahead of a US election that most market participants expect to be bitterly contested and drawn out, opportunities are opening up to play the short volatility position that had proven so popular before the pandemic.

  • JP Morgan and Unilever execute chunky Sofr swap

    JP Morgan and Unilever execute chunky Sofr swap

    A weighty corporate hedging transaction has added to the momentum of the US rates market’s transition from Libor. JP Morgan executed a $500m swap referencing Sofr with a blue chip corporate, Unilever.

  • TP ICAP prepares for fixed income push with Liquidnet buy

    TP ICAP prepares for fixed income push with Liquidnet buy

    Interdealer broking giant TP ICAP has advanced further into buy-side revenue streams, with specific plans to target fixed income markets, as it clinched its acquisition of trading platform provider Liquidnet for an initial $575m last Friday.

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