Edition:
United Kingdom

Helen Bartholomew

Supreme Court blocks Prato appeal in Dexia swaps ruling

18 Jan 2018

LONDON, Jan 18 (IFR) - The English Supreme Court has delivered a blow to Italian local authorities seeking compensation for soured derivatives trades after refusing to grant Comune di Prato permission to appeal a 2017 decision in favour of its swap counterparty, Dexia Crediop.

EU exchanges align with Zurich after MiFID II tick size mismatch

12 Jan 2018

LONDON, Jan 12 (IFR) - European stock exchanges, including Cboe Europe and Aquis Exchange, have aligned minimum pricing increments for Swiss share trading with Zurich’s SIX Swiss Exchange, which some believe may have been granted an unintended competitive advantage by MiFID II.

LCH hits swap clearing records amid Brexit noise

08 Jan 2018

LONDON, Jan 8 (IFR) - London-based LCH cleared a record US$873trn of over-the-counter derivatives notional in 2017, as the introduction of new products and the rising cost of bilateral exposures overcame uncertainty around the clearinghouse's future as the UK negotiates its departure from the European Union.

WMBA becomes EVIA alongside MiFID II repositioning

20 Dec 2017

LONDON, Dec 20 (IFR) - The Wholesale Markets Brokers’ Association (WMBA) has changed its name to the European Venues and Intermediaries Association (EVIA), reflecting the changing role of its members under MiFID II.

Grimonpont to succeed Shipton as GlobalCollateral CEO

19 Dec 2017

LONDON, Dec 19 (IFR) - Olivier Grimonpont has been appointed CEO of GlobalCollateral, the joint venture between Euroclear and the Depository Trust & Clearing Corporation.

LCH begins credit options clearing

19 Dec 2017

LONDON, Dec 19 (IFR) - LCH has become the first clearinghouse to begin clearing credit options, with the service being offered on contracts referencing two key European credit default swap indices.

Liquidnet launches multi-protocol bond trading tool

13 Dec 2017

LONDON, Dec 13 (IFR) - Electronic trading venue Liquidnet has expanded beyond its dark pool roots in corporate bond trading with additional protocols and smart execution tools that direct different order types to the most appropriate execution methods, from anonymous trading to fully lit markets.

Citi, JPM join truePTS for swaps processing

12 Dec 2017

LONDON, Dec 12 (IFR) - TruePTS, the post-trade processing arm of swap execution facility trueEX, has signed Citigroup and JP Morgan as its first clients. The agreement comes just days after the start-up platform resolved a legal dispute with legacy provider, IHS Markit.

RJ O'Brien signs with Fidessa for MiFID II tools

12 Dec 2017

LONDON, Dec 12 (IFR) - RJ O'Brien, the independent futures broker, has signed an agreement to distribute Fidessa's futures and options workstation to its institutional clients for compliance with sweeping MiFID II reforms that are set to take effect on January 3.

Overbond issuance platform hires Harrington for US expansion

05 Dec 2017

LONDON, Dec 5 (IFR) - Overbond, a Toronto-based digital bond origination and execution platform, has appointed George Harrington to lead the firm's expansion into the US.

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