Subscribe

Credit

Year: 2013 2011 2010 2009
  • December

    Eurex to stick with CDS clearing 21 December 2010

    Eurex Clearing will maintain its OTC clearing service for credit default swaps despite a lack of traction, a senior Eurex executive said at FOW’s Derivatives World London conference on December 1.

  • September

    New Chicago exchange launches swaps futures 01 September 2010

    Five US trading firms have created a new exchange in Chicago, offering interest rate swap futures.

  • August

    How European debt risks are changing derivatives 19 August 2010

    Every week, another alarm about European sovereign and banking risk. Derivatives are central to managing risks. Elise Coroneos asks whether the derivatives market is fit for the task.

  • July

    Forget interoperability in derivatives clearing, says Liddell 23 July 2010

    Roger Liddell, CEO of LCH.Clearnet, has said there is little prospect of interoperability between European derivatives clearing houses. The term means giving customers the choice of where their trades are cleared.

  • Ce-Nif hails Dodd-Frank transaction reporting rules 21 July 2010

    Allan Mendelowitz, of the Committee to Establish the National Institute of Finance, has called the Dodd-Frank Act’s provision for transaction data monitoring “a tribute to the power of American democracy”.

  • Gensler: financial reform “far from complete” 16 July 2010

    Gary Gensler, chairman of the US Commodity Futures Trading Commission, said yesterday (July 15) that the Dodd-Frank bill becoming law will not herald the end of financial reform in the US.

  • Senate passes Dodd-Frank reform 16 July 2010

    The US Senate yesterday morning voted through the Dodd-Frank Wall Street Reform and Consumer Protection Act by 60 votes to 38, allowing it to defeat a Republican filibuster.

  • ICAP boosted by interest rate swaps 15 July 2010

    ICAP, the world’s largest inter-dealer broker, has enjoyed an 8% year on year rise in revenues during its second quarter. From April 1 2010 to June 30, the group’s profit grew by 5%.

  • June

    Forced split of swaps desks is dangerous, warns Belchambers 28 June 2010

    US legislation to force banks to spin out their swaps desks would raise costs for derivatives users and could disrupt cross-border business, according to Anthony Belchambers, chief executive of the FOA.

  • Reform bill will hold unforeseen consequences, warns lawyer 28 June 2010

    Provisions in the Wall Street Reform Act which force banks to post more margin for derivatives trades and spin off some swap dealing activities will have unforeseen consequences, a lawyer has warned.

  • Two cooks spoil the broth 28 June 2010

    Asking the SEC and CFTC to cooperate on new derivatives rules sounds like a great idea. But Philip McBride Johnson has a word of warning. The two see eye to eye about as much as Barack Obama and Sarah Palin.

  • Merkel and Sarkozy target speculators 11 June 2010

    Angela Merkel, German chancellor, and Nicolas Sarkozy, president of France, have written to the head of the European Commission calling for tougher controls on financial speculation.

  • May

    Vince Cable: Futures markets are a model of transparency 05 May 2010

    Vincent Cable, the Liberal Democrat shadow Chancellor, has said the exchange-traded futures industry serves as a model of transparency for the effective running of financial markets.

  • April

    India to reconsider introducing CDS 23 April 2010

    The Reserve Bank of India is revisiting a draft policy on credit default swaps, issued in 2007 but never implemented.

  • New president for ICE Trust US 23 April 2010

    Intercontinental Exchange’s CDS clearing subsidiary, ICE Trust US, has appointed Christopher Edmonds as president, replacing Dirk Pruis. He will be responsible for managing the operational and regulatory aspects of ICE Trust. Edmonds was previously chief executive of International Derivatives Clearing Group. He has also been chief development officer for Icap Energy and chief executive of Icap Futures.

  • March

    Newedge reorganises into four global divisions 12 March 2010

    Newedge, the derivatives broker owned by Société Générale and Crédit Agricole, announced a reorganisation of its business yesterday at the annual Futures Industry Association conference in Boca Raton, Florida.

  • February

    Creditex founder leaves as ICE changes leadership 23 February 2010

    Two senior figures at Creditex, the interdealer broker and trading platform for credit default swaps that Intercontinental Exchange bought in September 2008, are to leave.

  • Resilient derivatives job market gets ready to surge again 23 February 2010

    Gauging how many derivatives staff lost their jobs in the financial crisis and what effect that had on pay is not easy. Some segments of the market have remained bullish, however, as Hugo Cox discovers.

  • Tullett Prebon opens Japanese OTC brokerage 11 February 2010

    Interdealer broker Tullett Prebon has launched a new over-the-counter brokerage firm in Japan for equity derivatives.

Poll

How will volumes on derivatives exchanges this year differ from the last?

Significantly higher
21%
Slightly higher
58%
About the same
8%
Slightly lower
6%
Significantly lower
6%