Trading

Articles

10 Aug 2020 — Rajesh Sadhwani

There’s no slowing down the banking industry’s mandated transition to Interbank Offered Rate (IBOR) replacements. Despite the many difficulties posed by ongoing public health and economic concerns, many banks still expect to complete their IBOR replacement projects by the deadline of year-end 2021. Their progress would be fine — if that were the only deadline.

+0
2 MINS
06 Aug 2020 — Deputy Editor

Luminex Trading & Analytics LLC, a buy side-owned trading venue for block executions, has hired industry veteran Ilisa Gruber as a sales and relationship manager.

Based in Chicago, Gruber will oversee Luminex's relationships with top clients among its more than 200 buy-side, institutional investors.

+0
2 MINS
05 Aug 2020 — Kirston Winters

In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to EuroSTR (a.k.a. €STR) for all Euro OTC interest rate products.

+1
2 MINS
24 Jul 2020 — Bill Hodgson

The Cassini Systems suite of analytics is now available via the IHS Markit thinkFolio service. The integration means firms using thinkFolio can now access pre- and post-trade analytics on their OTC portfolios, powered by the Cassini platform.

Full announcement

+1
2 MINS
21 Jul 2020 — Deputy Editor

Refinitiv has launched a prototype Term SONIA Reference Rate, which will leverage the firm's experience in administering benchmarks to create a GBP forward-looking term risk-free rate that is published daily.

The rate will be available in one-month, three-month and six-month tenors, and Refinitiv expects to launch a regulated version of the rate towards the end of 2020.

+0
2 MINS
10 Jun 2020 — Bill Hodgson

Demand for greater transparency in the fixed income market has seen KP4 Pty Ltd, take a cornerstone investment in Liquidity Cube, an emergent market for fixed income execution and analytics that aims to revolutionise the liquidity matching process.

+1
2 MINS
27 May 2020 — Deputy Editor

Cboe Global Markets plans to reopen its Cboe Options Exchange (C1) trading floor in Chicago and resume trading operations on the floor on Monday, June 8, 2020. Cboe expects approximately 50% of floor participants to return on that day, to a newly configured and larger trading floor.

Upon reopening, the floor will operate under precautionary measures to limit exposure to COVID-19.

+0
1 MIN
02 Apr 2020 — Bill Hodgson

Get your free copy of the LIBOR Risk Report (from Risk.net) with vital insights into the move away from LIBOR

+0
3 MINS
30 Mar 2020 — John Feeney

In this post I will look briefly at each crisis as I remember the impacts on the markets and the way trading desks adapted to the circumstances.

+0
5 MINS
24 Mar 2020 — Bill Hodgson

A call from ISDA CEO Scott O'Malia to keep markets open

+0
2 MINS
20 Mar 2020 — Deputy Editor

Senior executives in the derivatives market expect the current volatility to last for weeks or months, according to the latest survey from Acuiti.

+0
1 MIN
19 Mar 2020 — Ambasuthan Jananayagam

The complexity of the financial system is exacerbating uncertainty, and so governments and their respective central banks are compensating by pledging significant support: in effect they are guessing what the market’s guestimate of the potential damage is. 

+0
5 MINS