Derivs - Credit

Intercontinental Exchange has launched a new open architecture ETF platform, a move to to simplify the creation and redemption process for equity and fixed income ETFs.

The Depository Trust & Clearing Corp has appointed Lynn Bishop as its chief information officer.

A group of the world’s biggest buy-side and sell-side firms issued a collective call to action on Thursday, calling on regulators to make clearing houses (CCPs) more resilient and improve the way the market deals with their failures.

BGC Partners has reported a third-quarter loss amid rising expenses, higher investment and currency headwinds.

Bain Capital has given in to a laundry list of demands from investors as they snubbed bonds for Kantar, resulting in a delay to the deal's schedule. In a rare case of aggressive investor push-back, covenants have now been flexed to the extreme and initial price thoughts look surprisingly high, given the exceptionally favourable market for new issuers.

The European Securities and Markets Authority (ESMA) has called for improvement in national regulators’ supervision of derivatives data.

The Financial Stability Board’s (FSB) annual progress report, published on Tuesday, shows that during the last year there has been little progress in implementing agreed G20 reforms to over-the-counter (OTC) derivatives.

CME Group has reported record quarterly derivatives volumes in the Asia Pacific region along with an upturn in global trading volumes.

Antagonism between the United Kingdom and European Union in Brexit negotiations is making interest rate and credit swap market fragmentation more likely by the day, as market participants in both jurisdictions solidify backup plans to trade on US swap execution facilities (SEFs).

A new report from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has set out the governance of key over-the-counter (OTC) derivatives data elements.

The US Federal Reserve has given its final approval to amendments of the Volcker Rule, joining four other US regulatory agencies in backing relaxations of prop trading restrictions.

The bond leg of the loan-dominated buyout packages for Kantar and Merlin hit the market on Monday, giving investors a chance to buy subordinated debt in size. But both Bain Capital, and Blackstone, the sponsors, have included controversial provisions to limit the rights of noteholders who are ‘net short’.