Derivs - Credit

The European Security and Market Authority (ESMA) closed the consultation period on trading obligations for derivatives this Monday — but with implementation due in January, many of those affected are still concerned.

Deutsche Boerse has signed a partnership with risk and trade technology firm Risk Focus that will help with OTC trade reporting systems required under MiFID II.

The Commodity Futures Trading Commission has this week issued a letter extending no-action relief for non-US dealers still working to comply with transaction-level swap requirements.

ISDA’s Americas Credit Determinations Committee has turned away from its usual diet of corporate events to pass judgement on Puerto Rico Electric Power Authority (PREPA) municipal bonds.

European Central Bank president Mario Draghi seems to have kept low volatility alive for the summer at least, with financials also set to benefit from index changes, writes Gavan Nolan.

CDSClear, a clearing subsidiary of LCH, has extended its offering to cover the Markit CDX North American high yield index.

GlobalCapital is pleased to announce the nominees for its Global Derivatives Awards 2017. The shortlist has been built from market soundings and research. Winners will be unveiled at a gala dinner at One Whitehall Place in London on September 20. Nominees are now invited to pitch for each award over the coming weeks. A GlobalCapital editorial panel will decide the winners. These awards honour the companies, platforms, services and products that have grown, innovated and strengthened the global derivatives market during the last 12 months. Each category will be decided by considering innovative products and services, commitments to new markets, improvements in efficiency, liquidity and market stability, as well as client guidance.

The Intercontinental Exchange (ICE) has lost the fight for its Trayport energy trading business and will have to sell the platform, the UK competition and markets authority (CMA) has ruled.

Volumes from the major derivative exchanges have been posted for June, with large variations emerging between institutions.

The fate of corporates and the banks that serve them is intertwined, that much is clear from the past decade. But though the correlation is close, it’s certainly not one-to-one, writes IHS Markit's Gavan Nolan.

The Singapore Exchange (SGX) has admitted two new derivative trading members, including Shinhan Investment, the first party to trade remotely from South Korea.

We noted last week that investors need to be aware of idiosyncratic risk and not be lulled into complacency by languid market conditions. Monetary policy surprises were also highlighted as potential events that could disrupt the somnolent summer, writes Gavan Nolan.