-
Contracts on the Markit iTraxx Crossover Index and the Markit iTraxx Europe index dropped this morning, according to credit default swap traders.
-
Kenneth Griffin, founder of Citadel LLP, says regulatory reform of over-the-counter derivatives will allow more banks to enter the swap market, meaning that dealers will face lower swap trading profits.
-
The Australian Securities Exchange Group said that derivatives trading on the local bourse increased by at least 9% in August, driven by a take-off in contracts for difference trading.
-
Not one financial services firm will escape European Commission regulation for the derivatives sector, according to Michel Barnier, European commissioner for internal market and services.
-
The European Parliament and negotiators for the governing council of the European Central Bank have reached an agreement that will give the EU supervisory authorities, or ESA, powers to settle disputes among national financial supervisors and to ban risky financial products and activities.
-
Central clearing for derivatives comes with a potential risk of failure, according to Charles Evans, president of the Federal Reserve Bank of Chicago.
-
Barclays Capital has appointed Jon Pratt as head of debt capital markets in Asia.
-
Deutsche Bank has expanded its high-yield trading in Europe with two hires.
-
Antony Hung is retiring as head of Asia-Pacific wealth management at Bank of Americas Merrill Lynch unit.
-
The Reserve Bank of New Zealand and Securities Commission of New Zealand have conferred designated status on NZXs NZCDC Settlement System.