Derivs - Credit

Eurozone investors are beginning to hedge for the possibility of France, Italy or Greece leaving the euro, with discrepancies emerging between two sets of standardised contracts.

GlobalCapital is pleased to announce the shortlist of nominees for its Americas Derivatives Awards 2017, which this year includes new categories.

More than 60 players in the OTC derivatives market have signed up to a TriOptima service that offers firms automated collateral management services to help variation margin compliance.

Despite repeated flare ups of headline risk in Europe and the US, technical factors are weighing on investors’ willingness to bet on volatility.

ISDA has welcomed the US Commodity Futures Trading Commission’s decision to grant swap dealers an extra six months to align their credit support annex agreements with new variation margin requirements, but demanded that other regulators follow suit.

Deutsche Bank has closed its US swaps clearing business with immediate effect, as the bank responds to regulatory requirements that would have forced it to post more capital than it was willing to support the business with.

Eurex has passed a $1bn notional milestone with its Euro Stoxx 50 index total return futures, which it introduced in December.

Tullett Prebon Information has announced its move into research data distribution after signing a deal with global equity and credit analytics provider Valens Research.

The Depository Trust and Clearing Corporation (DTCC) institutional and trade processing product suites stored 1bn trades in 2016. Further market and regulatory changes, as well as more fintech usage through 2017, is expected to increase that figure.

More work should be done by the administrator of Thomson Reuters-owned World Markets Company on its 4pm closing spot rate benchmarks, the International Organisation of Securities Commissions has said, but good progress has been made and further oversight of these steps will fall to national authorities and regulators.

The Business Growth Fund has teamed up with First Derivatives to invest in early stage technology companies in the UK, a sector the country's chancellor cited in the autumn budget as requiring extra funding.

Per Sjöberg, CEO of TriOptima for almost five years, has decided to leave the the derivatives post-trade services company and will be replaced by a former Goldman Sachs banker working at NEX.