Banks could unwind non-compliant derivatives contracts
Banks may be forced to cancel trades with clients executed after 1 March if their collateral agreements had not been re-negotiated.
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Aviva Investors first buy-side client of new LCH direct collateral accounts
The new account structure will allow buy-side clients to post collateral directly with the clearing house.
US agencies provide respite with variation margin changes
Derivatives trading bodies are pushing for US agencies to ease rules on how client cash margin held by banks is calculated as part of their capital exposures.
Firms call on ESMA to review large-in-scale trading obligation
Proposals to force some derivatives trades on-venue could cause problems for large trades.
Start-up Sef trueEX takes larger slice of swaps trading pie
trueEX recorded the second highest Sef volumes across all platforms for the first half of year.
Citi tops swaps clearing ranks for H1 2017
CFTC data of clearing banks showed Citi held almost $18 billion in client margin for swaps clearing as of 30 June.
CME expects competition in new interest rate market
CME announced it will launch futures and interest rate swaps based on the Treasury repo financing rate, an alternative reference rate for pricing securities and loans in the US.
Mizuho Bank deploys AI for derivative contracts process
The Japanese bank approached Nomura Research Institute to develop a proof-of-concept using artificial intelligence.
Citi poaches Deutsche’s global electronic and algo trading head
Sabrina Wilson has more than 20 years’ experience in futures and options, clearing and electronic trading.
European derivatives exchanges update tech ahead of MiFID II
Exchanges across Europe have been forced to update their trading technology to incorporate MiFID II transparency requirements.