Derivs - Clearing and Exchanges

LCH has come through the extreme volatility of February and March to clear record levels of derivatives across its interest rate, FX and credit derivatives arms.

Trading in CME Group’s Sofr derivatives hit record levels during March, as the exchanges and clearing group enjoyed soaring demand for its futures and cleared swaps.

ISDA chief executive Scott O’Malia on Monday stressed the importance of keeping markets open despite concerns about the spread of Covid-19.

Exchanges around the world have closed their open outcry pits as the threat of Covid-19 has shunted trading over to electronic formats.

A Ring dealing member of the London Metal Exchange has been diagnosed with the Covid-19 coronavirus, as exchanges around the world adapt to its disruption.

Demand for exchange-listed derivatives soared during February, with Cboe Global Markets, CME Group and Intercontinental Exchange hitting record average daily volumes during the month.

One of the derivatives industry’s largest annual conferences was cancelled on Tuesday, after the spread of the Covid-19 coronavirus made the event unviable in the view of the organisers.

Eurex launched MSCI index derivatives tailored to fit environmental, social and governance (ESG) investment criteria on Monday, as it works to expand its suite of related products beyond Europe.

Eurex Clearing has hired Nick Barnes from MarketAxess to expand its buy-side presence.

MEP Markus Ferber has come out swinging at the European Securities and Markets Authority for appointing chief French regulator Robert Ophèle to temporarily chair its central counterparty (CCP) supervisory committee.

LCH’s credit derivatives arm, CDS Clear, has become the first central counterparty (CCP) clearing house to offer clearing of single-name subordinated financials credit default swaps (CDSs).

The Intercontinental Exchange (ICE) has hit record open interest in futures and options on oil and natural gas, as it also readies a data platform for oil markets.