LCH clears first €STR swaps trades with Morgan Stanley and LBBW
Morgan Stanley and LBBW have cleared the first €STR derivatives referencing the new interest rate benchmark.
Derivatives
ESMA rebukes FCA for poor handling of derivatives data under EMIR
The FCA has disputed a peer assessment that its analysis and integration of EMIR data in its supervisory approach is not meeting expectations.
LCH expands deliverable FX derivatives clearing with FX forwards
Following the launch of ForexClear’s deliverable FX options clearing service last year, LCH is now clearing FX forwards.
Eurex launches MSCI dividend futures
Eurex extends partnership with MSCI to launch index futures for dividend exposure.
CME Group teams up with Google Cloud to launch real-time market data
CME Group market data will be accessible to clients next month via the Google Cloud Platform.
Trading in Nasdaq European ESG future reaches one million contracts
Nasdaq launched its future based on the OMXS30 ESG index in October last year.
Nomura and Standard Chartered FX heads join FX options trading firm Digital Vega
FX options electronic platform provider Digital Vega has expanded its senior team as it looks to support ongoing product development and expansion.
Bloomberg sees first electronic €STR swap trade executed by JP Morgan and LBBW
JP Morgan and LBBW have transacted the first electronic swap trade referencing the new euro short-term rate via Bloomberg’s MTF.
Inter-dealer brokers BGC and GFI in $25 million settlement for FX options fraud
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.