HSBC trades first interest rate swap through CIBM clearing model
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
Post trade
Industry bodies step up call for delay to CSDR buy-in regime
Both buy- and sell-side firms agree the mandatory buy-in regime will have significant negative implications on Europe’s capital markets.
Buy-side firms face up to operational challenges of incoming collateral rules
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
TriOptima sees record FX forwards compression in 2019
The record compression activity is up 71% from last year, with triReduce CLS FX compressing $4.9 trillion in the fourth quarter alone.
ESMA given new powers to increase cross-border supervision
The EU authority’s new powers include increased oversight of third-country equivalence assessments working alongside the European Commission.
LCH records double-digit growth for interest rate derivatives business
LCH SwapClear saw notional volumes surge 14% in 2019 to $1,229 trillion as it looks to retain the derivatives clearing market amid Brexit.
HKEX gains license to offer client clearing to Japanese banks
Japan’s FSA approves license for HKEX’s central counterparty subsidiary, OTC Clear, to provide post-trade services to banks in the region.
Major banks partner with AccessFinTech for standardised settlement platform
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
Cboe confirms acquisition of equities clearing house EuroCCP
Cboe Global Markets will develop clearing and equity derivatives trading in Europe with its acquisition of EuroCCP.
LCH appoints new operating officer for SwapClear and Listed Rates
Matthew Fetta joins LCH having spent ten years with hedge fund Citadel in New York.