Lukas Becker is the derivatives desk editor for Risk.net. His topics of interest include over-the-counter derivatives pricing, collateral management, market infrastructure and legal risk. He is based in London.
He was previously the Europe, Middle East and Africa editor of Risk magazine.
Number of trades done via ‘request-for-market’ protocol leaps 510% in past year
First OTC trades include two basis swaps and an OIS trade, with JP Morgan thought to be a counterparty
With brokers facing headwinds, Swiss firm doubles down on Scandi niche
Working group hears end of Euribor by 2020 would threaten financial stability
Swaps users should embrace backward-looking risk-free rates instead, says chair of UK working group
Custom-trading services are booming at Bloomberg and Tradeweb, but not for the reasons intended
Consultation due next month as industry tries to avoid big losses on benchmark’s death
Some requests for quote are sent to over 20 dealers, raising worries about information leakage
A clearing house basis has opened up between JSCC and LCH on yen swaptions – despite neither clearing the product
Japan’s Totan had been first to show volatility basis; sources speculate traders wanted to avoid re-marking books
Moving from Libor to an RFR shouldn’t force margin requirement on legacy non-cleared trades, says UK regulator
Tax reform and Treasury issuance focuses bank US dollar funding pressures onshore
Gap between 30-year Libor and Sonia swaps surges 36% in three weeks