Derivs - Credit

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.

Roland Domann has moved to MUFG to be part of its European sales and distribution team, just months after being hired by Nomura.

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).

Lyxor has launched a suite of environmental, social and governance high yield exchange-traded funds, following BlackRock’s iShares into the burgeoning market for investment products screened for sustainability. The French firm switched its investment grade ETF to follow a sustainable index last year, but opted to create a new product line for high yield.

A European Central Bank (ECB) survey has found that market making in over-the-counter (OTC) derivatives decreased last year, but respondents were confident of their ability to support the products during bouts of market stress.

Robots are going up against humans in the OTC broking markets as AiX announced the launch of its natural language artificial intelligence broker platform this week.

The Futures Industry Association (FIA) has called on the US Commodity Futures Trading Commission (CFTC) to change its rules to provide more clarity on the margin treatment for separate customer accounts.

Charles Vice is standing down as vice-chairman of Intercontinental Exchange, ending a 20-year career with the company.

Clearstream has obtained a Central Securities Depositories Regulation (CSDR) licence for its German central securities depository (CSD), Clearstream Banking AG.

The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.