Derivatives
Ruble turmoil prompts calls to fix NDF contracts
Some market participants want to see offshore fixings as an option in all standard documentation
First Ibor versus SOFR cross-currency swaps trades
Westpac and Citi strike BBSW/SOFR trade in landmark moment for Australian market
Kace to offer electronic distribution of FX options in China
Huge potential for China’s FX options market, but regulation and digital transformation are key
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
Crédit Agricole’s head of FX options departs
Andrew Soper leaves French bank to pursue other opportunities
Eurex faces more delays to cross-currency swap clearing
Clearing house eyes June release; dealers voice concerns over liquidity and margining
What FX industry thinks will spur Asia's derivatives growth
Close-out netting certainty and liberalisation of local markets are key, Isda survey finds
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo
Big banks reproach CCP risk panels as resentment surfaces
Emotions simmer as major banks insist committees listen harder to clearing members, in wake of green light for bitcoin futures
CBOE pulls plug on bitcoin futures trading
First mainstream exchange to offer bitcoin futures calls halt as it reviews approach to crypto
Banks call for third-country benchmark fix as EC delays BMR
Two-year delay may open the door for rethink on local legal representation requirements and recognition options
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates ongoing co-operation, “whatever form” Brexit takes
Cleared swaps grow 10 times faster than bilateral at HSBC
FX derivatives notionals rise $1.3 trillion (21%) to $7.6 trillion
IFRS 9 drives appetite for long-dated hedges in Asia
New accounting standard helps manage mark-to-market volatility of long-term trades
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Isda enlists tech partner in run-up to new IM rules
Body joins forces with AcadiaSoft as industry prepares for initial margin deadlines
Cross-currency swaps could hasten RFR shift in Australia
Adoption of new risk-free rate for both swap legs likely to turbo-charge wider benchmark change, say sources
Brexit clouds future for Euribor and Eonia in UK
Clashing deadlines threaten to scuttle rates, but ‘in-flight files’ bill might save them
BIS committee finds inadequacies in derivatives data
Challenges remain, despite significant progress, Irving Fisher Committee reports
FX boosts UK derivatives values
Bank of England data for second quarter shows 33% rise in FX derivatives values at UK banks
NDF nightmare: banks seek fix for benchmark ‘mess’
European firms face being barred from using three Asian fixings from 2020, raising concerns about legacy trades