LCH registers first SONIA/SOFR swap from Bank of America and Lloyds
The cross-currency basis swap between Bank of America and Lloyds highlights LCH's commitment to supporting the reform of reference rates.
Derivatives
LCH launches clearing of ESG index series via CDSClear
The iTraxx MSCI ESG Screened Europe Index went live for trading in June is now being cleared by LCH CDSClear.
New trading link in Singapore and India to end spat between exchange groups
A disagreement over market data and derivatives trading between SGX and India’s NSE has been resolved as plans to launch a trading link have been cemented.
LCH clears first Israeli Shekel-denominated derivatives with Citi
Citi, Goldman Sachs, HSBC, and JP Morgan are among the brokers supporting clearing of Israeli Shekel swaps at LCH SwapClear.
Buy-side still overwhelmingly unprepared for uncleared margin rules from 2021
State Street polled 300 buy-side firms and found that less than a fifth were fully ready to comply with UMR from September 2021 or September 2022.
CME Group unveils FX options volatility converter tool
New FX Options Vol Converter tool will allow users to price CME Group listed FX options liquidity in over-the-counter (OTC) terms.
SmartStream adds derivatives to SI registry ahead of MiFID II deadline
A derivatives component has been added to the SmartStream SI registry before the MiFID II SI regime for derivatives is enforced later this month.
TraditionDATA integrates AMERIBOR with reference rate data sets
Data arm of Tradition will publish spreads between AMERIBOR, SOFR and EFFR via Refinitiv, Bloomberg and its own data feeds.
CFTC provides additional Libor transition relief to swaps participants
The latest no-action letters issues by the CFTC follow the regulator’s move to provide market participants relief in December.
Saudi stock exchange launches derivatives market and clearinghouse with Nasdaq
The new derivatives market and clearinghouse from the Saudi exchange group Tadawul will run on market technology from Nasdaq.