CME’s TriOptima completes first triReduce SONIA benchmark compression cycle
The benchmark compression cycle via the triReduce service took place on 22 October at LCH SwapClear.
Derivatives
SONIA options to launch on ICE Futures Europe in December
ICE said open interest in its three month SONIA futures grew to record levels recently as it prepares to launch new SONIA options.
JP Morgan executes first electronic SONIA swap vs gilt future on Tradeweb
The first electronic invoice spread trade on Tradeweb was executed on the platform between Capula Investment Management with JP Morgan acting as the liquidity provider.
Euronext technical glitch sees major cash and derivatives market close failure
After a technical issue halted trading for several hours at Euronext on Monday morning, the market close was then impacted and closing auctions failed to take place.
Citi names new co-heads of futures, clearing and FX prime brokerage business
Citi promotes internally to appoint co-heads of futures, OTC clearing, and FX prime brokerage (FCX).
CFTC releases no-action letters offering further relief for clearing organisations during Libor transition
The two no-action letters will offer swap transaction and pricing data reporting relief to clearing organisations transitioning to SOFR.
Citi to automate treasury processes for cleared derivatives with Baton Systems
Baton Systems will deploy its platform across treasury processes at Citi to automate rules for the movement of collateral.
Quantitative Brokers rolls out algorithm suite on derivatives market at SGX
Quantitative Brokers will provide its full suite of agency algorithms to SGX clients including the Bolt, Strobe, Closer, Octane, and The Roll strategies.
ICE rolls out beta version of GBP swap rate for SONIA swaps
ICE has started publishing the beta version of the ICE Swap Rate for swaps referencing SONIA for market participants to test and submit feedback.
Eurex nabs MSCI futures market share ahead of SGX delisting
SGX confirmed in May that it would be delisting its MSCI futures by February 2021, as Eurex Exchange says it has increased its market share.