Derivatives

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  1. State Street Global Markets shuttering its derivatives clearing business

    trueState Street Global Markets will close its U.S. derivatives clearing business early next year and has halted plans to launch a similar business in Europe.

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  1. Booming derivatives costs are welcome news for ETFs

    trueWelcome to “intended” consequences.

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  2. 18 banks sign ISDA rules to delay swaps termination rights

    trueNew rules that will delay swaps termination rights and collateral demands were signed by 18 major banks, the International Swaps and Derivatives Association announced Wednesday.

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  3. Pact raises caution flag on swaps

    trueAsset owners that use swaps could ultimately face losses and added risk as a result of an agreement among 18 major global banks.

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  4. Florida SBA nears decisions on brokerage, collateral management searches

    trueFlorida State Board of Administration, Tallahassee, is considering five firms in its search for prime brokerage services: Citigroup, Deutsche Bank, New Edge, Bank of America Merrill Lynch and Bank of New York Mellon unit Pershing LLC.

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  5. ISDA introduces rules to delay swaps termination rights

    trueSwaps termination rights and collateral demands will be delayed under rules introduced by the International Swaps and Derivatives Association and agreed to Oct. 11 by 18 major banks.

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  6. BNY Mellon to shutter European derivatives clearing business

    trueBank of New York Mellon plans to close its European derivatives clearing business because the implementation of European clearing rules has stalled.

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  7. Managed funds group calls for market reforms

    trueManaged Funds Association is calling on federal regulators to consider further structural reforms in equity markets.

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  8. BNY Mellon shutters derivatives sales and trading business

    trueBank of New York Mellon is closing its derivatives sales and trading business, based in New York.

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  9. CFTC says it has evidence of price-rigging on ISDAfix benchmark

    trueDerivatives regulators told the Justice Department they've found evidence of criminal behavior following an investigation into banks' alleged manipulation of ISDAfix, a benchmark used to set rates for trillions of dollars of financial products.

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  10. Alaska pension fund alleges 13 banks colluded on derivatives benchmark

    trueAlaska Electrical Pension Fund, Anchorage, filed a lawsuit Thursday charging that 13 banks conspired to fix the ISDAfix benchmark rate, a “key interest rate for a broad range of interest rate derivatives and other financial instruments,” according to the filing.

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  11. CFTC commissioner appointed CEO at International Swaps and Derivatives Association

    trueScott O'Malia was named CEO of the International Swaps and Derivatives Association, the organization announced Wednesday.

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  12. SEC expands its cross-border swaps rules

    trueThe SEC on Wednesday voted to extend its cross-border securities-based swap rules to include transactions executed by foreign divisions of U.S. banks when an affiliate’s trades are legally guaranteed by the parent company.

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  13. American Beacon picks AHL to subadvise managed futures fund

    trueAmerican Beacon Advisors hired AHL Partners, a subsidiary of Man Group, as a subadviser for a new mutual fund, the American Beacon AHL Managed Futures Strategy Fund.

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