JP Morgan fined $65 million for rigging ISDAFIX
Traders at JP Morgan allegedly traded at the 11.00am fixing time to manipulate the USD ISDAFIX interest rate swaps benchmark.
Derivatives
AI post-trade derivatives platform launches after first buy-side transaction
Trades by JP Morgan and Citadel processed by ‘no-touch’ platform designed to remove post-trade manual processes.
Looser swaps trading rules could boost volumes by up to 20%
Greenwich Associates lays out potential benefits to ease of restrictions on swaps trading and SEFs in the US.
Virtu and BlueCrest join Eris Exchange as equity partners
Virtu Financial and BlueCrest have started trading Eris swap futures ahead of the exchange’s migration to CME Group later this year.
BNP Paribas distributes Fidessa’s derivatives platform to buy-side clients
BNP Paribas’ clients globally will gain access to Fidessa’s GT multi-broker workstation and derivatives trading platform.
SGX to delay Indian futures launch following lawsuit
Legal battle with National Stock Exchange of India forces SGX to delay launch of new Indian futures products.
IHS Markit expands MarkitSERV reporting with CME Group
MarkitSERV expands in Asia and Europe with connection to CME Group’s trade repositories.
SGX sued by Indian stock exchange ahead of futures launch
Singapore Exchange plans to launch new Indian equities futures products in June.
Citi clears first buy-side SONIA trade on CurveGlobal
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
Pope Francis slams ‘poisonous’ derivatives market
Pope Francis targets derivatives market in statement on ethics in finance, describing it as a “ticking time bomb”.