A joint consultation paper from two global regulatory bodies has urged policy makers to ensure margin requirements for non-clearable swaps are harmonised across regions and reflect the higher risk profiles of bilateral trades.
Euroclear will create an open global market infrastructure to source and move collateral across borders.
Eurex, the derivatives exchange owned by Deutsche Börse, will add new futures and options based on the EURO STOXX 50 ex-financials index from 9 July. As with existing Eurex index products, the new instruments will be settled in cash, and each contract will have a value of €10 per index point. The future wil
NYSE Euronext and TradingScreen are sweetening the deal on their on-exchange corporate bond trading offering by giving free access to the buy-side.
US-based custodian and asset servicing firm BNY Mellon has consolidated its collateral management-related services into a new unit that will help buy-side traders manage the impact of new swaps regulations.
New exchange-traded funds that aim to facilitate investment between Hong Kong and mainland China have been approved by regulators in both jurisdictions.
Turquoise, the multilateral trading facility owned by the London Stock Exchange, is plotting further growth of its derivatives market, which could include emerging markets as well as pan-European products.
Independent investment manager Convictions Asset Management said the challenge of locating fixed income liquidity was behind its recent decision to outsource execution to BNP Paribas Securities Services.
Goldman Sachs launched its new bond trading platform, G Sessions, late last week, giving US institutional investors another avenue for sourcing fixed income liquidity.