Derivs - Clearing and Exchanges

Société Générale is planning to expand its coverage of alternate investment funds with its Orchestra multi-asset post-trade service and prime brokerage, having landed one client this week.

The overall credit default swap and interest rate derivative trade counts reported to swap data repositories last week increased 24% and 46%, respectively, compared to the same week last year, according to data from the International Swaps and Derivatives Association.

At the International Swaps and Derivatives Association's AGM in Montreal on Thursday, the Commodities Futures Trading Commission appeared receptive to evolving discussions of post-trade name give-up on swap execution facilities in light of growing buyside demand for anonymity.

Despite industry efforts to shift trading on swap execution facilities to electronic central limit order books, voice broking and request for quote systems still play important roles, said industry insiders on Wednesday.

Panellists at the 2015 International Swaps and Derivatives Association (ISDA) AGM lamented the lack of global central counterparty equivalence and have called for a number of legislative reviews to rectify it.

The overall credit default notionals and trade counts reported to swap data repositories last week increased 33% and 37%, respectively, compared to the same week last year, according to data from the International Swaps and Derivatives Association.

The Singapore Exchange and the Bank of China International Holdings have renewed a commitment to collaborate on market expansion of the renminbi.

The overall credit default swap and interest rate derivative notionals reported to swap data repositories last week decreased again by a further 35% and 25% respectively compared to the same week last year, according to data from the International Swaps and Derivatives Association.

Global swaps participants should use the BCBS-IOSCO margin rules delay as an opportunity to face new issues posed by initial and variation margin requirements, experts say.

Hong Kong Exchanges and Clearing Ltd. has expanded its Chinese business development by opening a mainland division, which it has populated with new senior hires.

LCH.Clearnet has appointed a seasoned veteran as the new group head of technology and operations.

Société Générale has acquired futures assets at Jefferies Bache in a transaction which will wind down the Bache futures and commodities business at the firm.