Derivs - Interest Rate

Ian Hunt, global head of sales at Quantile Technologies, has left the firm. This week the compression provider firm broke its own record in a euro rates run.

The European Commission has opened a public consultation on MiFIR/MiFID II, as it takes stock of two years of the sweeping regulations.

US Commodity Futures Trading Commission (CFTC) commissioner Rostin Behnam has added his voice to the growing clamour for derivatives market participants to find a solution to fallback issues as they transition away from Libor.

Sam Woods, deputy governor at the Bank of England and chief executive of the Prudential Regulatory Authority, this week said he expects an equivalence agreement between the European Union and the UK to be extended beyond September, as both sides want to avoid a “dramatic” fallout.

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.

The International Swaps and Derivatives Association this week said it will make another attempt to finally find industry consensus on a solution to fallback issues in the Libor transition.

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.

Bank of America has appointed Snigdha Singh to head up its rates trading team for Europe, the Middle East and Africa.

Corporate debt advisers have joined the call for lenders to make clear their plans for the transition away from Libor, as frustration takes hold among some bank clients that a solution still seems far away.

CME has declared record international average daily contract volumes, driven by growth in equity and interest rate products.

Interdealer broker Tradition is opening the doors to central limit order book trading for buy-side swaps market participants with its Trad–X D2C platform.

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