Investors gear up for litigation over Credit Suisse write-down
Avenues could include challenging the Swiss government, suing FINMA, or suing Credit Suisse – with AT1s recovering slightly as the market prices in the hope of legal redress.
News
Move to T+1 in the US could force flows away from European trading hours
It’s those outside of North America who are feeling the implications of the US move to T+1, as one of the benefits of the European trading desk could diminish with settlement cycle fragmentation between regions.
Treasury market holds strong amid ongoing banking crisis with $1.49 trillion traded in one day
Coalition Greenwich data shows US Treasuries bolstered in March as news around Silicon Valley Bank and Credit Suisse rocked the markets.
Eurex becomes first European exchange to launch Bitcoin index futures
New futures will be traded in EUR and USD, providing trusted access to cryptocurrencies in a regulated market through Eurex.
Nomura’s Laser Digital invests in ClearToken to enhance institutional engagement with digital assets
The startup will build a central counterparty for digital assets which will allow for more streamlined transactions, an increase in capital efficiency and a reduction of risk for all participants.
Buy-Side
Watch episode two of The TRADE’s dark trading documentary series now!
In the second of two episodes, participants from across the industry unpack the global regulatory debate around dark trading and how dark pools could be made more innovative.
Seilern Investment Management selects FINBOURNE Technology to support growth
FINBOURNE’s LUSID platform will be leveraged by Seilern to improve decision making and client services, alongside tracking investment and redemption trends of its client base.
Lone CoCo bond escapes the Credit Suisse carnage
A $2.5bn Credit Suisse security has escaped the recent write-down by virtue of some unique Tier 2 features, leading to a substantial bounce in value – and a renewed focus on the importance of reading the fine print.
European clamp down on non-EU CCPs using mandated active accounts could counter competition, EFAMA finds
EFAMA stated that the proposal leaves various key questions open around the methodology for determining the clearing thresholds and the level at which they would apply to various counterparties.
Deutsche Bank confirms former Credit Suisse star as head of European high yield trading
New head joins from the embattled Credit Suisse, where she served for the last 12 years, most recently as head of EMEA high yield trading and sector strategy.