Interest rate swaps
Rates flow market-maker of the year: Citadel Securities
Risk Awards 2017: New entrant showed swaps staying power as rivals fought back in 2016
Interest rate derivatives house of the year: Goldman Sachs
Risk Awards 2017: New macro group proves worth in Brexit and US election drama
Derivatives house of the year: Citi
Risk Awards 2017: Simple vision has taken rates business a long way
LSE-backed Libor replacement faces data wrangle
Proposed secured rate based on data from NEX, which has a competing offering
Mixed views on Dodd-Frank rollback
No need to dump central clearing and electronic trading mandates, market participants say
OTC market resisting swap futures threat
Swap futures yet to break out, but backers see margin, accounting and Citadel as tailwinds
R3’s Rutter: swaps will trade on blockchain in five years
Risk USA: first distributed ledger products could hit the market in 2017
China rates swap prices diverge on spotty CVA practices
Most local banks not passing on capital charge to clients, say traders
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Huge Brexit margin calls stoke intra-day funding fears
Calls on June 24 may have topped $40 billion; critics urge regulators to review episode
LCH to revise margining after Brexit backlash
Excess intra-day margin will offset other collateral calls from November 3
EU trading obligation threatens US equivalence
Rigid criteria and poor data could make EU regime too narrow to achieve US recognition
LCH under scrutiny after outsized Brexit margin calls
Intra-day calls criticised by banks; FIA working group pushing for change
Asset managers lead the charge for voluntary clearing
Voluntary clearing volumes jump 80% as non-cleared margin rules take effect
Lawmakers rush to double Euribor panel membership
Benchmark designated “critical” to stem departures and enable transaction-based methodology
LSE forced to rework Curve deal over merger risks
Banks demand LSE use its own cash while awaiting verdict on Deutsche Börse tie-up
March margin deadline may force clients onto new CSAs
Dealers say they lack capacity to renegotiate thousands of existing collateral agreements
Negative Euribor erodes securitisation profits
Implicit floors in notes leave originators facing cost of negative rates on hundreds of tranches
Brokers woo new clients, try not to upset old ones
Broker rankings 2016: Swaps market still bifurcated, but boundaries are blurring
UBS saves Sfr295m in capital via swaps margin change
FDIC vice-chair has warned of hidden dangers in new approach
Opened interest: foreign firms eye China's rate swap market
However regulatory and operational challenges set to slow growth
Props stopped: non-banks struggle to crack US swaps market
Teza, TransMarket, Virtu among firms held back by regulation and old market practice
Smart contracts to slash time and costs, say technologists
Blockchain to deliver lucrative benefits to derivatives market, London conference hears
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake