‘Snowball’ derivatives feed China’s stock market avalanche
By Li Gu and Vidya Ranganathan SHANGHAI (Reuters) – China’s plunging stock market is leading to losses on billions of dollars worth of derivatives linked to the country’s equity indexes, fuelling further…
Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the usual disclosures…
Derivatives exchange CME Group’s profit rises on robust demand
(Reuters) – CME Group Inc reported a rise in its second-quarter profit on Wednesday, as traders turned to the exchange operator’s products to hedge against market volatility triggered by recession fears. Demand…
Global derivatives industry defends CDS after banking blow-ups
By Marc Jones LONDON (Reuters) – The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the role they have played…
Derivatives that track bonds at the heart of Credit Suisse rescue slide
LONDON (Reuters) – Derivatives that track the value of key bank debt fell sharply on Monday, after UBS agreed to rescue rival Credit Suisse, forcing a massive writedown of the latter’s additional…
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns.…
EU starts crackdown on commodity firms using derivatives markets
By Huw Jones LONDON (Reuters) – The European Union flagged tougher requirements on Wednesday for commodity companies using derivatives markets after failing to meet higher collateral calls when gas prices rocketed due…
Energy firms’ derivatives are financial stability risk, says ECB
By John O’Donnell and Balazs Koranyi FRANKFURT (Reuters) -Energy companies’ use of derivatives poses a wider financial risk, the European Central Bank said on Wednesday, cautioning that those firms could encounter further…
SGX posts record revenue, profit inches up on derivatives boost
(Reuters) -Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator’s push towards its derivatives product offerings amid a weak securities…
Crypto derivatives volumes surge to $3.12 trillion in July – CryptoCompare
By Elizabeth Howcroft LONDON – Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of…
Demand for FX derivatives jumps as central banks prep rate rises- CME Group
LONDON – Demand for currency derivatives has shot up this year, data from CME Group showed on Wednesday, in a sign investors are positioning for hefty interest rate hikes from the U.S.…
Planning for auction to settle Russian CDS to resume Monday
NEW YORK -A derivatives committee said it will meet again on Monday to resume preparations for an auction to settle credit default swaps linked to Russia’s foreign sovereign debt, according to a…
Equinor sees Q2 gas derivatives gain of up to $550 million
OSLO -Norway’s Equinor said on Thursday its second-quarter results would be positively impacted by between $400 million and $550 million from trade in natural gas derivatives used to hedge its physical deliveries.…
Hong Kong regulator sharpening scrutiny of derivatives after Archegos saga
By Selena Li HONG KONG – Hong Kong’s financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city’s Securities and Futures…
Founder And CEO Of Off-Shore Cryptocurrency Derivatives Platform Sentenced For Violating The Bank Secrecy Act
Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes was sentenced today to six months of home detention, in connection with his violation of…
FTX chief welcomes more regulation as CFTC weighs its crypto derivatives proposal
By Lisa Pauline Mattackal (Reuters) – Crypto exchange FTX’s move to seek regulatory approval for direct trading in cryptocurrency derivatives will leave the door open for more oversight of the business in…
EU widens market access for U.S. derivatives clearers and exchanges
By Huw Jones LONDON – The European Union said on Monday it has widened access for U.S. exchanges and clearing houses to investors in the bloc, a move which contrasts with Brussels’…
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