HSBC trades first interest rate swap through CIBM clearing model
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
Derivatives
JP Morgan FX options global head departs for senior role at Digital Vega
Rob Wemyss spent 25 years with JP Morgan, and will now head up business development for FX options trading platform Digital Vega.
Citadel Securities joins BGC’s Fenics GO derivatives platform as liquidity provider
Citadel Securities joins market makers IMC, Maven Securities and Optiver, already committed to providing liquidity to Fenics GO.
Buy-side firms face up to operational challenges of incoming collateral rules
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
India’s NSE overtakes CME Group as largest derivatives exchange globally
The NSE of India traded 6 billion contracts in 2019, up 58% from the year prior, compared to 4.83 billion contracts traded at CME Group.
Industry urged to accelerate Libor transition this year
Despite Libor being due to cease at the end of 2021, UK authorities have set out a timeline for the shift to the Sonia benchmark throughout this year.
Horizon Software introduces upgraded equity derivatives EOMS for sell-side
Global head of client services at Horizon, Vincent Dumontoy, says the new EOMS system is unique to the options market.
LSEG’s futures exchange CurveGlobal appoints new sales head for US expansion
Robert Grillo joins CurveGlobal after a two-year hiatus as head of business development for the Americas.
Trad-X launches dealer-to-client electronic CLOB platform
The swaps MTF central limit order book from Trad-X provides real-time executable pricing and live updates on a range of swaps.
DASH launches new trading system for US listed options smart routing
The new system allows for automated RFQ trading and it has been designed to tackle liquidity seeking challenges in US listed options.