Delta-one desks say their arbitrage business has been cut back – contributing to an unprecedented collapse in implied equity index repo rates. Inventory pressures created by bank regulation are be...
Going forwards (checking backwards)
The two biggest clearing houses for interest rate swaps, CME and LCH.Clearnet, have different margin models – which may affect the prices charged to clients by clearing members. It could also affe...
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More Derivatives articles
Early users of CME’s deliverable swap futures contracts fear the products will be taxed as loans in some situations. And with features of those contracts being used in other new instruments, it co...
Esma acknowledges industry concerns over delegated reporting provisions and confirms it is considering a one-year delay
Simple, but sensitive
NDOs in testing on Medusa platform as some market participants begin to consider alternatives to deliverable FX options that could be more easily cleared
Rule change could see growth in swaps indexed to federal funds rate
Banks are staffing up for a livelier foreign exchange forwards market, but taint of Libor rigging is limiting pool of new traders
Dealers have sold products their clients did not need, says top quant – and industry must refocus on legitimate risk transfer
Despite banks holding an overwhelming majority of the domestic bond market they are barred from participation in futures trading
Exit of "tourist money" from Asia provides more attractive funding options for firms swapping CNH into USD
The global FX division is upping its lobbying efforts to have forex derivatives carved out of the financial transaction tax with new research that shows the potential impact of the tax on transactio...
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