Derivs - Credit

Christopher Giancarlo, the acting chairman of the US Commodity Futures Trading Commission, this week opened the path for a return to bank dealer market making as he targeted improved swap market liquidity.

The politically charged debate over euro clearing rumbled on this week as leading regulators set out their positions on where such activity should be located.

Olivier Gazzolo, head of FIC credit at Société Générale, has left the bank, GlobalCapital understands.

Political risk is fast sliding down investors’ lists of concerns this week with volatility indices falling to levels that some are calling unnaturally low.

The Depository Trust & Clearing Corporation (DTCC) has appointed Valentino Wotton as the managing director for its repository and asset servicing subsidiary.

Volume figures released by major derivative exchanges for the month of April showed increased activity, with interest rate products continuing to drive trading activity.

The Association of National Numbering Agencies (ANNA) has issued a second consultation paper on the fees payable for its Derivatives Service Bureau after it introduced ISIN numbers for over-the-counter derivatives.

The Intercontinental Exchange (ICE) has completed its acquisition of Atrium from TMX Group, the company announced on Monday.

TriOptima has added a margin valuation adjustment (MVA) analytics service to its triCalculate platform.

European regulators are finally on the road to creating suspension mechanisms similar to those used in the US, an evolution that should not stop at clearing.

The European Commission aims to introduce a mechanism that will allow it to “temporarily suspend” clearing obligations for certain OTC derivatives products or counterparties if requested to by the European Securities and Markets Authority (ESMA).

LCH has established deposit and intraday liquidity facilities with Norges Bank, the central bank of Norway, meaning it now has central bank accounts for six currencies.