Derivs - Equity

Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.

Central counterparty clearing houses (CCPs) could face increased attention and greater regulation after coming through the Covid-19 crisis in good shape, Fitch Ratings analysts said this week.

Derivatives stand to play a crucial role in the European Union’s green deal and transition to a low carbon economy, according to a study by the European Capital Markets Institute that was released on Thursday.

GlobalCapital is pleased to announce the winners of this year’s Americas Derivatives Awards. This year’s pitching process was one like no other as the Covid-19 crisis swept throughout the world.

Commerzbank’s future strategy is up in the air after it was announced that its chief executive and chairman would be leaving after its “5.0” strategy received a poor welcome.

Marex, a commodity and derivatives broker, has raised tier two capital in the Swiss franc market through a structured note, which it says is the first to combine a tier two host with an embedded structured product — in this case, exposure to the SMI, the Swiss equity market index.

Société Générale and Natixis may face more questions over their equity derivatives businesses when they release their second-quarter results. The issue is whether their structured products are inherently problematic or simply suffered from freak events.

Cboe Global Markets intends to launch a new equity futures and options exchange in the first half of next year, following the completion of its purchase of EuroCCP.

Exchange leaders have criticised some of the measures that regulators introduced during the height of the Covid-19 crisis that restricted short selling.

The European Parliament reached a quicker than expected agreement on central counterparty clearing house recovery and resolution on Tuesday night, settling on a framework for second skin in the game requirements and also pushing open-access rules out for another year.

Jerome Kemp, global head of futures, clearing and collateral at Citi, and a leading figure in the derivatives clearing market, has retired after 36 years in the industry.

As equity derivatives investors and traders dust themselves off from the Covid-19 panic that gripped the market in spring, thoughts are turning to the US election and how to position for it.