Derivs - Equity

In the event the UK leaves the European Union without agreeing to the negotiated exit deal, EU banks and investment firms will be able to come to the UK to trade UK shares, the European Securities and Market Authority (ESMA) has said, reversing on a previous statement. But the UK’s Financial Conduct Authority (FCA) is not satisfied with the ESMA’s proposed trading obligations under No Deal Brexit.

Nasdaq has ended its pursuit of Oslo Børs, giving rival Euronext the chance to acquire the Norwegian exchange.

Global exchange and clearing house operator Intercontinental Exchange has launched a new cloud-based tick-history platform.

Online derivatives provider IG Group has outlined a new strategy to return the company to growth in the face of tougher regulation.

The International Swaps and Derivatives Association is using its ISDA Common Domain Model (ISDA CDM 2.0) in a pilot involving the UK Financial Conduct Authority, the Bank of England and various financial institutions.

The US Commodity Futures Trading Commission has given a boost to derivatives exchanges that are introducing passive liquidity protection for some of their contracts.

Euronext has received approval from Norway’s authorities for its takeover of exchange group Oslo Børs, ending months of uncertainty and a full-blown takeover battle with rival Nasdaq.

A record short volatility position that was building in VIX futures has come under pressure this week as the index burst out of a prolonged slumber. But there may still be a payoff for those who hold their nerve and play the short right.

Global equity markets suffered their worst days of the year this week after an apparent breakdown in trade talks between the US and China, causing investors to sell and volatility to spike and possibly wrecking equity issuance plans, write Sam Kerr and Ross Lancaster.

Hong Kong Exchanges and Clearing (HKEX) has reported a fall in derivatives volumes for the first quarter of the year.

Glenmede Investment Management (GIM) has appointed Stacey Gilbert as portfolio manager in its derivatives team.

Société Générale’s financing and advisory operations again produced strong revenues in the first quarter, according to results announced on Friday. Revenue in global markets and investor services fell, however, and here the bank is slashing risk-weighted assets, to refocus its business.