Derivs - Equity

Vice-chairman of the Depository Trust & Clearing Corporation Larry Thompson has retired after 37 years working at the firm.

Nearly six years ago to the day the European Commission adopted the technical standards for the European Market Infrastructure Regulation (EMIR) that, among other things, mandated the reporting of derivatives contracts to trade repositories.

Natixis’s share price plunged on Wednesday after the bank reported a €260m hedging loss in its Asian equity derivatives business, an event which some analysts say other firms could suffer in 2019.

The European Commission has finally confirmed that it will grant temporary equivalence to UK central counterparty clearing houses (CCPs) and central securities depositories (CSDs) in the event of a no deal Brexit.

Risk premia strategies — a growing form of quantitative passive investing — performed poorly in 2018, with many flagship funds and strategies under investor scrutiny. Experts in the space have been soul searching and are looking for a reprieve in 2019. Costas Mourselas reports.

Eurex Exchange has hired a chief technology officer from within its ranks to work on the company’s IT strategy and trading system development.

Trade repository provider Regis-TR has announced its intention to establish fixed operations in the UK, in order to comply with regulatory requirements in the wake of Brexit.

Société Générale is working to offer its clients direct clearing capabilities in the eurozone by the end of the year, as it launches an offering in Paris for listed and OTC derivatives.

The UK Financial Conduct Authority (FCA) on Friday proposed new rules that would permanently restrict or ban the use of certain complex derivatives products by retail customers.

The London Stock Exchange Group has decided to shut down some product lines in its equity derivatives business as it focuses on its interest rates offering.

The Derivatives Service Bureau, which creates International Securities Identification Numbers (ISINs) for OTC derivatives, has increased its fees for next year.

The Council of the European Union has approved its final version of a controversial legislative proposal that seeks to overhaul the bloc’s oversight of clearing houses.