Derivatives

The new service will enable Eurex participants to reduce their open positions and lower the capital costs on equity derivatives.

The service allows banks to reduce their exposure and the size of their  OTC derivatives portfolios by eliminating trades with mismatched cash flow dates.

Users of the Colt PrizmNet network will gain access to the new Cboe derivatives market to trade equity index futures and options when it goes live in September.

The new Amsterdam based futures and options market at Cboe is expected to launch on 6 September.

Alongside the expanded listed options offering, FIA confirmed that it had gone live with brokerage processing for two major banks.

LCH has added Hana Bank as the first Korean bank to offer client clearing through ForexClear for FX derivatives.

The SARON/SOFR cross-currency basis swap between the two banks took place at LCH SwapAgent and was brokered by Gottex.

The fully electronic institutional SOFR swap spread trade between JP Morgan and BlackRock took place on the Tradeweb swap execution facility.

All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.

An Acuti report has found that 52% of respondents were ready for the Libor transition in listed derivatives, the lowest result of all instruments.