Asset Classes

European equity markets are down 30% as hurricane Sandy keeps US venues shut for a second day.

As global markets edge closer to a new regulatory landscape for OTC derivatives, questions remain as to whether the new world will result in a safer environment or simply shift risk from banks to clearing houses.

Once all clearable interest rate swaps are eligible for portfolio margining in the United States, the industry could see margin savings of US$618 billion, according to a new report.

Market operator Tradeweb has registered a four-fold rise in credit default swap indices trading volume in a week, as market participants prepare for new OTC derivatives regulation.

Multi-legged strategy orders on the International Securities Exchange’s options venue can now access liquidity on other alternative trading systems, increasing execution quality and fill rates.

The International Swaps and Derivatives Association has thrown its support behind an industry standard on over-the-counter derivatives reporting and will provide program management, governance and industry oversight for the service.

Vega-Chi has reported the successful debut of its buy-side only trading platform for US high-yield and distressed fixed income products, with over 40 clients supporting the venue from launch.

As the Aussie regulator opens debate on competitive clearing, the incumbent national exchange has raised concerns about how a multi-clearing house environment might harm Australian market structure.

Market operator Tradeweb has launched a multi-dealer-to-customer market for European-listed exchange-traded funds to improve access to liquidity for institutional buy-side clients.

Poland will launch a trade repository to address regulatory change on derivatives reporting in the European market infrastructure regulation.