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Monday, 23 October 2017

David Wigan' s stories

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  • P&M: Barclays former blockchain guru launches fund

    Derivatives | 12 July 2016

    Simon Taylor, former blockchain guru at Barclays, is launching a venture capital fund to invest in fintech and related blockchain projects.

  • Intercontinental Exchange logo

    Single-name CDS on path to recovery

    Derivatives | 08 July 2016

    After a long period in the doldrums, the single-name credit default swap market is showing signs of picking up, fuelled by new roll dates and initiatives to move more business into central clearing. However, some market participants remain unconvinced.

  • US dollar 10-year Treasury swap spread

    US swap spreads normalise on Fed cut view

    Derivatives | 08 July 2016

    The phenomenon of negative US swap spreads may be set to end in the coming months, amid speculation that the next move in US benchmark interest rates may be a cut, pushing government bonds yields below their synthetic counterparts.

  • Roll-Royce CDS blow out on hedge failure

    Derivatives | 08 July 2016

    The cost of credit default protection on Rolls-Royce has traded as much as 50% wider over recent sessions, as banks rushed to hedge FX forwards deeply in the money against the UK aero-engine maker.

  • Rolls

    Rolls-Royce CDS blow out after FX hedge hit

    Ticker | 05 July 2016

    The cost of credit default protection on Rolls-Royce has traded as much as 50% wider in recent days, as banks rushed to hedge FX forwards deeply in the money against the UK aero-engine maker.

  • LCH.Clearnet logo

    Euro clearing could stay in London

    Top News | 01 July 2016

    Calls for clearing of euro-denominated interest rate swaps to move to mainland Europe following Brexit may go unheeded, experts say, with London likely to remain the servicing centre for the €84trn market.

  • Trading firms blocked on swaps

    Derivatives | 01 July 2016

    Proprietary trading firms are active market-makers in short-term interest rate futures, but have seen volumes declines amid historically low interest rates. Many see electronically-traded swaps as a natural addition, but have found themselves blocke

  • Swap identifier solution faces final hurdles

    Derivatives | 01 July 2016

    A proposed new approach to identifying swaps for the purposes of regulatory transparency faces continuing uncertainty amid concern over infrastructure requirements, governance and access.

  • BCP, BMPS 5yr CDS

    BCP switch trade cost jumps on finance concern

    Derivatives | 24 June 2016

    Banco Comercial Portugues, Portugal’s largest listed bank, has come under pressure in credit markets in recent days on concerns the bank may not have sufficient capital to cover its liabilities and carry out plans for an early redemption of contingent convertible securities.

  • Buyside steps up as FCMs shed clients

    Derivatives | 24 June 2016

    US buyside proprietary futures trading firms have resorted to offering sweeteners to futures commission merchants in a bid to ensure they retain their services for clearing, after higher costs prompted a clear out of smaller firms.