In 2008, the system got too complicated for the market (derivatives of derivatives of derivatives on mortgages) and it collapsed.
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To that point, the ETFs use a popular institutional derivatives product — swaps — to generate their leverage, essentially making NUGT and DUST derivatives on derivatives.
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But those derivatives translate into shorts by the people that sell the derivatives.
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The derivatives regulator said the bank made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix to benefit its derivatives positions.
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Bigger increases came in interest rate derivatives and credit derivatives, where volumes tripled and doubled respectively, Tradeweb said.
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It uses the definition of derivatives as laid out by the Modernization of Derivatives Tax Act of 2017.
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"This deal could complement SGX's current derivatives business, especially freight derivatives," said Carmen Lee, an analyst at OCBC Investment Research.
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A lawyer representing the derivatives broker said his client had acknowledged he earned fees worth millions of euros for selling derivatives.
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He started his career in rates derivatives trading and has held trading roles in emerging Markets, credit hybrids and equity derivatives.
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Mr. Cleary, 232, is an interest rates derivatives broker at Tradition Securities and Derivatives, an institutional trading company in New York.
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Mr. Cleary, 34, is an interest rates derivatives broker at Tradition Securities and Derivatives, an institutional trading company in New York.
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The International Swaps and Derivatives Association (ISDA), has initiated a modelling exercise to demonstrate the way derivatives contracts can leverage DLT.
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The deal would also compliment SGX's current derivatives business, especially freight derivatives, said OCBC research analyst Carmen Lee in a note Friday.
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This week, the Commodity Futures Trading Commission, the main derivatives regulator, said it would not penalize institutions for violating new derivatives standards.
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"Mortgage derivatives, future derivatives—they came out of the ability to bundle products together, and calculate derivative values for them," Wolfe said.
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Globally, London handles 37% of foreign-exchange derivatives and 39% of interest-rate derivatives, including three-quarters of those in euros (see chart).
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The shift to central clearing has been most pronounced in interest-rate derivatives, but is visible in other categories, such as credit derivatives, too.
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Derivatives dealers also stand to gain from a recommendation to relax rules around swaps trading and the cash they must post against derivatives trades.
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MetLife, which reported net losses in the last two quarters largely related to its derivatives portfolio, said in May it changed its derivatives trading strategy.
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On the derivatives side, Bregje de Best and Sreenivas Jayaraman will expand their roles to become co-heads of APAC equity derivatives sales and marketing.
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It also operates the FTSE Russell indexes business, CurveGlobal, a trading platform for listed derivatives, and LCH, one of the world's biggest clearing houses for derivatives.
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That means foreign exchanges and trading platforms can no longer use the indexes and data for derivatives and they can no longer trade any existing derivatives.
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The report by Intelligence Capital said the proposed tax could apply to the wholesale foreign exchange market, including spot and derivatives, interest rate derivatives and commodities.
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In September 2016, Sonia was used to price 7.7 trillion pounds of derivatives, but this is dwarfed by 40 trillion pounds of derivatives based on Libor.
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Jennings joined Credit Suisse in 2009 and for the last six years has been global head of prime derivatives services, the memo said, "during which he positioned the business as a leading Listed Derivatives execution and clearing franchise with the top ranking in OTC cleared derivatives".
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U.S. AND EUROPE REACH AGREEMENT ON DERIVATIVES | The Commodity Futures Trading Commission and the European Commission agreed on a common set of requirements in regulating derivatives clearinghouses,
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SGX's Nifty 50 index futures SINc1, the exchange's main Indian equity derivatives product, accounted for 11 percent of its total derivatives trading volume in the latest quarter.
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It also has a small derivatives trading platform, CurveGlobal, and a majority stake in LCH, one of the worlds biggest clearing houses for stocks, bonds and derivatives.
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It also has a small derivatives trading platform, CurveGlobal, and a majority stake in LCH, one of the world's biggest clearing houses for stocks, bonds and derivatives.
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He relocated to New York in 2007 as head of Americas derivatives trading and in 2012 he became co-head of global equities Delta One & derivatives trading.
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Names with multiple derivatives ("Thomas" = "Tom" and "Tommy," or "Anthony" = "Tony") were not combined, with the reasoning that these derivatives can be names in their own right.
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Lake partially blamed a decline in JPMorgan's equities business to "lower flow in exotic derivatives activity," while Chavez of Goldman Sachs lamented a "limited opportunity set in derivatives."
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A 31% year-on-year increase in cleared notional came as derivatives users became subject to new rules requiring them to post collateral against their uncleared derivatives exposures.
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PROPOSED RULES LIMITING DERIVATIVES AND LEVERAGE IN FUNDS LIKELY DEAD Regulators have historically discouraged the use of derivatives to create leverage, but there has been no actual prohibition.
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Its interest rate derivatives clearing service, SwapClear, which dominates clearing of euro-denominated swaps or derivatives, processed trades with a notional value of more than $873 trillion in 2017.
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That meant that some financial institutions that loaded up on derivatives found themselves having to pay out huge amounts on derivatives trades gone bad, contributing to the overall collapse.
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While President Maduro's committee will offer restructuring proposals, the International Swaps and Derivatives Association, a panel formed by the derivatives industry, will meet to discuss the Venezuelan debt situation.
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Were the derivatives clearing arm of the LSE, LCH Clearnet, to be spun off, that would offer Euronext a possible foothold in the lucrative multi-trillion dollar global derivatives market.
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These derivatives would include products such as interest rate swaps or foreign exchange derivatives, which allow companies and investors to hedge their exposure to interest rate rises and currency swings.
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The Oslo Bors acquisition is expected to diversify Euronext's revenue from shares and derivatives trading, given the Norwegian operator's leading position in seafood derivatives as well as oil services and shipping.
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Prior to this, OTC's London operations included crude oil products and derivatives, refined products and derivatives including middle distillates, gasoline cracks, biofuels and physical and financial LPG and natural gas liquids.
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The FIA, a derivatives industry body, said it was disappointed that Basel had not gone as far as allowing the immediate inclusion of margins in calculating capital requirements for derivatives holdings.
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Headlines - Airbus plans derivatives trading for airline tickets on.ft.
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The exchange said on Thursday that it was merging its cash equities and equity derivatives businesses and its current head of derivatives, Michael Syn, would be the new chief of the unit.
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Following the central role played by the multi-trillion dollar derivatives sector in the financial crisis a decade ago, new rules were agreed requiring "margin" or cash to back uncleared derivatives trades.
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Meanwhile, credit exposure from derivatives decreased $24 billion, or 4.7 percent, from the previous quarter, and the notional amount of derivatives held by insured banks shrank $12.4 trillion, or nearly 6.5 percent.
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You're absolutely right that what was happening since the '80s, almost without us realizing it, was what had previously been thought of as independent markets — for stocks, bonds, currency derivatives — were being shackled together, in part by new financial derivatives and in part by new financial trading strategies that used those new derivatives in new ways.
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Credit Suisse analyst Rikin Shah highlighted in a report that SGX's FTSE China A50 contracts were the biggest contributor to SGX's derivatives business, accounting for around 40 percent of its total derivatives volume.
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Derivatives dealers and their clients have torn up more than US$1 quadrillion of superfluous derivatives trades to-date, slimming down hefty swaps notionals in response to Basel III capital and leverage pressures.
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SGX, started in 1999, says it sees the potential to develop new freight derivatives centered on active Asian shipping routes and expand the use of freight derivatives with its acquisition of the Baltic.
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Platts, a unit of S&P Global Inc, saw derivatives activity on its MOC only start to build up in 2020, in line with an overall growth in LNG derivatives trade, Roe said.
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Derivatives traders regained confidence in the pound, with bullish bets exceeding bearish views for the first time since January 2018 on Friday, according to the currency derivatives market, suggesting further gains for sterling.
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SGX, started in 13, says it sees the potential to develop new freight derivatives centered on active Asian shipping routes and expand the use of freight derivatives with its acquisition of the Baltic.
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Derivatives products are a particular concern for regulators looking to protect investors, and MAS said that it did not consider bitcoin and other similar derivatives to be suitable for trading by retail investors.
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Derivatives products are a particular concern for regulators looking to protect investors, and MAS said that it did not consider bitcoin and other similar derivatives to be suitable for trading by retail investors.
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And the clearing of derivatives is especially touchy (see article).
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Coalition measures income from trading, selling derivatives and other activities.
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Its concerns were focused on the clearing of derivatives contracts.
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LONDON (Reuters) - Shipping companies, refineries, freight derivatives or diesel cracks?
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These include betting against (ie, "shorting") assets and using derivatives.
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Nairobi will roll out a host of derivatives next year.
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However, derivatives played a far greater role than he states.
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Like all derivatives of other assets, they are naturally leveraged.
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The International Swaps and Derivatives Association (ISDA) ruled on Aug.
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Standard Chartered has exited cash equities and equity derivatives businesses.
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The derivatives market implies that traders foresee further sterling weakness.
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Naqvi said the introduction of derivatives should help drive profits.
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Up until Gears, shooters mostly played like derivatives of Doom.
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On January 235th it complemented this with a derivatives contract.
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Want to trade derivatives, provide legal advice or design advertisements?
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The project would supply ethylene to other units making derivatives.
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In practice, all derivatives involve an implicit bet on volatility.
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You don't move to completely different derivatives of the job.
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The ECB declined to comment on the derivatives oversight issue.
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European regulators have long eyed London's grip on derivatives trading.
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There were trillions in subprime mortgages and credit default derivatives.
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EPEX's parent EEX is Deutsche Boerse's flagship power derivatives market.
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Of ebunuebunu, however, I am hard pressed to find derivatives.
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Derivatives can be very profitable but also generate huge losses.
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Derivatives are a strength but there may be weaknesses elsewhere.
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Distortions in Chinese stock, bond and derivatives markets are unresolved.
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He is regarded as an expert in volatility and derivatives.
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They use a lot of bamboo or coconut oil derivatives.
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LONDON, April 21 (IFR) - Equity derivatives saw their share of the exchange-traded derivatives market fall below 50% for the first time on record during 2016, data from the World Federation of Exchanges show.
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An increasingly large amount of money is ending up inside complex illiquid derivatives — like obscure commercial mortgage derivatives — that are so thinly traded there may not be a pool of buyers when prices decline.
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WASHINGTON (Reuters) - The chief U.S. derivatives regulator will hold a press conference call on Wednesday morning to go over discussions with the European Union on equivalence in derivatives regulation, the Commodity Futures Trading Commission said.
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More than 30,000 TRF contracts have traded over the Eurex derivatives exchange, defying the notoriously low success rate for new futures launches even as mandatory margining of uncleared derivatives drives a shift to listed alternatives.
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"Since we are a major participant in the derivatives market, this compression process simplifies the management of our swaps portfolio and optimises our capital requirements," said Jacaranda Nava, head of derivatives trading at the bank.
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The weakness was driven by poor performances in cash and derivatives.
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However, the derivatives market implies that traders foresee further sterling weakness.
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"This is definitely complacency," agreed MKM Partners derivatives strategist Jim Strugger.
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And then all the derivatives on those mortgages would go bust.
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Within that, equity derivatives revenue soared 56 percent to $5.3 billion.
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Duffy was previously head of crude oil derivatives trading at BAML.
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He starts talking about derivatives, and I would go to sleep.
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Blade is a new cryptocurrency derivatives exchange launching in three weeks.
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A year earlier, its derivatives recorded a gain of $416 million.
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And both have successfully grown their global derivatives businesses as well.
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This month, two major derivatives exchanges began offering bitcoin futures contracts.
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The operation is one of the world's top sovereign derivatives trades.
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Kolanovic is JPMorgan's global head of macro quantitative and derivatives strategy.
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China index futures account for the bulk of SGX's equity derivatives.
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It aims to introduce derivatives in the second half of 2020.
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These derivatives were then sold in tranches to non-resident Indians.
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The last big change is the withering of the derivatives superstructure.
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The program is seen as the world's top sovereign derivatives trade.
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The mainstay of both is clearing trades, notably interest-rate derivatives.
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Berkshire said gains from investments and derivatives quadrupled to $805 million.
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Cantor Fitzgerald and Nasdaq are also planning their own derivatives products.
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Around 90 percent of euro-denominated derivatives are cleared in London.
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They reduced links between banks by forcing derivatives into centralized clearinghouses.
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Investors were also jittery ahead of the expiry of derivatives contracts.
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DBS's commodity derivatives unit covered palm oil, iron ore and energy.
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My background was a mix of derivatives trading and social advertising.
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We look forward to the growth of this new derivatives market.
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Former interim Chair Michael Piwowar voted against releasing the derivatives proposal.
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These loans morphed into securities and derivatives and all blew up.
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Asset-backed derivatives were, ultimately, a bet on the great moderation.
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BNP PARIBAS PLANNING BID FOR DEUTSCHE BANK'S EQUITY DERIVATIVES BOOK -SOURCES
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That explains why most such derivatives are marketed as investment products.
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In 2004, he assumed overall leadership of the regional derivatives business.
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Before long, they were producing memory chips, laptops and equity derivatives.
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MKM Partners derivatives strategist Jim Strugger calculated the numbers for CNBC.
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Other euro zone countries have reduced their debt thanks to derivatives.
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Key to the restructuring is the creation of a 'bad bank' to house 288 billion euros of unwanted assets earmarked for sale or wind-down, including equity derivatives and long-dated interest rate and credit derivatives.
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Deutsche Boerse is hoping that the European Commission will treat over-the-counter (OTC) derivatives contracts and on-exchange traded derivatives as two separate markets, sticking to a market definition the Commission confirmed back in 2012.
|
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Regulators in America and Britain announced a long-term agreement to ensure that the transatlantic derivatives market, which accounts for the vast majority of global derivatives contracts, is not disrupted by Brexit, whatever form it takes.
|
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That would need a provision preventing the bank's creditors from terminating its derivatives and short-term funding contracts until the derivatives book can be disassembled in an orderly way and the short-term financing wound down.
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He said 46 trillion euros in derivatives exposure at Deutsche appeared large but reflected only the notional value of the contracts, while the bank's net exposure to derivatives was far lower, at around 41 billion euros.
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"Effective data reporting is absolutely essential to the derivatives reform program set out by regulators," Scott O'Malia, chief executive of the International Swaps and Derivatives Association (ISDA), said in a joint statement with 12 other trade bodies.
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|
As part of the effort to deliver reduced costs, LCH is seeking operational efficiencies through the implementation of MillenniumIT clearing technology for listed derivatives, which will consolidate all of LCH's post-trade cash equities and derivatives platforms.
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|
Jim Overdahl, partner at Delta Strategy Group and an economist who authored a paper critiquing the derivatives rule, said the proposal could limit safer bet-hedging derivatives and steer investors toward riskier ways to diversify their portfolios.
|
|
"Central clearing is the growing way to trade derivatives, and it means everything has to be reported, everything is going through a few large central players," Veeral Manek, product manager at derivatives analytics platform OpenGamma, told CNBC.
|
|
ISDA Chief Executive Scott O'Malia, a former senior U.S. derivatives regulator, warned that forced re-location of clearing could have massive implications for efficient cross-border flows and increase "costs, risk and operational complexity for derivatives users".
|
|
Fitch has affirmed and withdrawn the following ratings: Citigroup Derivatives Services LLC.
|
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LONDON (Reuters) - Short sellers and derivatives traders are betting Deutsche Bank's (DBKGn.
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Stock derivatives especially are a big business for investment banks equities divisions.
|
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The KID must accompany each savings product, derivatives and life insurance policy.
|
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Maple Bank specialises in equities and derivatives trading and as of Feb.
|
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Based on prices of interest-rate derivatives, two further increases are expected.
|
|
Most physical oil trades globally are hedged using those two crude derivatives.
|
|
Seventeen House Democrats are urging bank regulators to ease a derivatives rule.
|
|
DEUTSCHE BANK CFO SAYS PLANS FOR EQUITY DERIVATIVES AUCTIONS ARE WELL ADVANCED
|
|
A liquid derivatives market is particularly essential to many quantitative trading strategies.
|
|
It might also become tricky to run such a big derivatives portfolio.
|
|
The global derivatives market today is something like $700 trillion notional amount.
|
|
In 2016, the company's net value of hedge derivatives was CLP0003 million.
|
|
The clearinghouse made its first foray into non-cleared derivatives during 2017.
|
|
Meanwhile speculative positions remain broadly negative and derivatives continue to signal nervousness.
|
|
The Commodity Futures Trading Commission regulates the bulk of the derivatives market.
|
|
Bescond's LinkedIn page says she is global head of short-term derivatives.
|
|
Derivatives revenue jumped 35 percent and accounted for half its total revenue.
|
|
Compounding lending practices is questionable credit worthiness of counterparties in energy derivatives.
|
|
It suggested that additional research, particularly on interest rate derivatives, is needed.
|
|
He earned the No. 1 ranking in Institutional Investor's equity derivatives category.
|
|
Derivatives profits are often booked in their entirety when trades are made.
|
|
Joshi said the bank can avoid deep discounts in shedding the derivatives.
|
|
We have assigned Danske a DCR due to its significant derivatives activity.
|
|
Opioids are synthetic painkillers similar chemically to derivatives of the poppy plant.
|
|
He spoke at a conference hosted by International Swaps and Derivatives Association.
|
|
So they got insurance, derivatives, all that market shit in the system.
|
|
But they soon discovered why these particular derivatives were dubbed "snowball swaps".
|
|
DTCC is planning to test the technology for managing credit derivatives records.
|
|
A DCR has been assigned to Volksbank due to its derivatives activity.
|
|
The CFTC does not approve derivatives contracts or endorse their underlying assets.
|
|
Nasdaq and Cantor Fitzgerald are also planning their own bitcoin derivatives contracts.
|
|
Such concerns have also started bubbling up in the currency derivatives market.
|
|
In August last year, trading on the derivatives market was temporarily suspended.
|
|
Elijah Cummings (D-Md.) to bolster federal oversight of the derivatives market.
|
|
Only South Africa's JSE offers derivatives like commodity contracts on the continent.
|
|
Barclays is also selling a portfolio of derivatives products to JP Morgan.
|
|
The shareholder group holds 10.425% of voting rights through shares and derivatives.
|
|
I've been reading Lovecraft and his derivatives since I was a teenager.
|
|
Volatility is expected to continue ahead of derivatives contract expiry on Thursday.
|
|
Derivatives market indications of its future value are now far more balanced.
|
|
Are we going to go back to the precrisis nonregulation of derivatives?
|
|
Its public consultation paper was also targeting "improvements" specifically for commodity derivatives.
|
|
Labour has previously proposed new taxes on transactions in derivatives and bonds.
|
|
The credit derivatives index quantifies the perceived risk in corporate credit markets.
|
|
This crisis is not about arcane matters like credit ratings and derivatives.
|
|
Voters were seen rejecting a proposal to ban trading in agricultural derivatives.
|
|
The EU rule is known as the derivatives trading obligation or DTO.
|
|
London clears derivatives worth that much in the course of a morning.
|
|
Aas, a veteran derivatives trader, made large bets on the power market.
|
|
Rather, they need the derivatives of that innovation — time, simplification, throughput, security.
|
|
But there were derivatives that were used, stock options and forward contracts.
|
|
Principal and interest payments up to March 2018 are protected through derivatives.
|
|
New preliminary court hearing on Alexandria and Santorini derivatives trades in Milan.
|
|
Her father was a derivatives broker at Euro Brokers in New York.
|
|
Since the financial crisis in 2008, when derivatives helped fuel the turmoil, regulators have pushed for more interest-rate swaps and other derivatives to be cleared through the clearinghouses rather than through private arrangements between buyers and sellers.
|
|
From there he went to Credit Suisse, and joined Goldman Sachs in 1995 as co-head of equity derivatives for Asia and Japan, before moving to Lehman Brothers in 2002, running its global equity derivatives business from 2004.
|
|
Top EU policymakers have already said that clearing of euro denominated derivatives, which London dominates, should shift to the euro zone after Brexit and tweaks to EU derivatives rules are seen as a potential vehicle for achieving this.
|
|
A new threshold based on volume of derivatives would be introduced for financial counterparties, such as small banks or funds that account for the majority of counterparties but a small part of the derivatives market by notional volume.
|
|
The unexpected decision to prevent trading from migrating abroad will especially hurt SGX's Nifty 50 index futures , which is the exchange's flagship Indian equity derivatives product and accounts for about 12 percent of its total derivatives trading volume.
|
|
The Commission dropped the banks from the case in December last year because of insufficient evidence but Markit and the International Swaps and Derivatives Association (ISDA), which represents firms involved in the derivatives market, remained in its sights.
|
|
This additional charge has led many banks to pull out of client clearing, resulting in more derivatives trades being concentrated among fewer clearing house member firms and increasing the overall risk housed by derivatives clearing organizations, or DCOs.
|
|
Dublin was also given a boost by the decision of an industry group, the International Swaps and Derivatives Association (ISDA), to examine writing contracts for the multi-trillion dollar derivatives sector in Irish and French law due to Brexit.
|
|
The "Treasury's review of the derivatives market found the need for greater harmonization between the SEC and CFTC, more appropriate capital and margin treatment for derivatives, and resolution of cross-border frictions that fragment global markets," the report said.
|
|
But almost a third is made up of derivatives and unspecified "other" exposures.
|
|
In 2008, the Italian government banned the use of derivatives by Italian municipalities.
|
|
Derivatives losses fell steeply to $284 million from $1.4 billion a year earlier.
|
|
It also publishes data used in the multi-billion dollar freight derivatives market.
|
|
Kolchinsky had worked in Moody's derivatives group prior to his suspension in 2009.
|
|
After the financial crisis it was laid low by losses on derivatives trades.
|
|
Rival bourse Singapore Exchange Ltd also reported a boom in yuan derivatives trading.
|
|
DCRs have been assigned to these companies because they have significant derivatives activity.
|
|
Both senators have also proposed new taxes on stock, bond and derivatives transactions.
|
|
When it comes to structuring derivatives or offering research, foreigners have more experience.
|
|
The derivatives markets—more typically a professional's market—also had a great month.
|
|
Share trading, however, is very competitive while derivatives trading offers better growth prospects.
|
|
The trading arm ties up two-thirds of this, especially its derivatives book.
|
|
Trading in derivatives such as oil futures and options is mainly dollar denominated.
|
|
There would be long legal arguments over the status of many derivatives contracts.
|
|
We have assigned a DCR to Swedbank due to its significant derivatives activity.
|
|
A derivatives industry source said this affects hundreds of thousands of swaps contracts.
|
|
It blamed weaker performance in derivatives in Europe, the Middle East and Asia.
|
|
Other derivatives clearing houses in Europe include those operated by CME and ICE.
|
|
Setting up a new derivatives house from scratch would be a lengthy undertaking.
|
|
Within markets, the bank wants to focus on equity derivatives and structured finance.
|
|
These compounds are derivatives of ammonia, which coincidentally, is also present in semen.
|
|
Barclays for example, have used a form of this technology to trade derivatives.
|
|
The bank said it wants to offload most of its derivatives by 2020.
|
|
The quarter also included an unrealized loss on derivatives of C$138.7 million.
|
|
"It's not an option to fail," O'Malia, a former U.S. derivatives regulator, said.
|
|
They may also buy derivatives tied to bond yields or currency movements, say.
|
|
Mr. Pulte further hedged these shares using derivatives after taking out the loan.
|
|
Elliott first disclosed a 1.09 percent stake in Sky through derivatives on Friday.
|
|
We issue securities, which are options, debt, and derivatives from companies and investors.
|
|
FROM A FINANCIAL perspective, a civil lawsuit is rather like a derivatives contract.
|
|
If the loans became more valuable, so would derivatives based on the loans.
|
|
These are companies like BM&F Bovespa, the Brazilian stock and derivatives exchange.
|
|
The markets now contain a bewildering array of financial instruments, including complex derivatives.
|
|
Euronext's main commodities derivatives are its milling wheat, corn (maize) and rapeseed contracts.
|
|
But the potential for China's largest agricultural derivatives market remains huge, they said.
|
|
Keijer was managing director, head of equity derivatives sales for Europe at Goldman.
|
|
"The risks in our derivatives book are massively overestimated," Lewis told the paper.
|
|
It appears to be using a method that diminishes the exposure to derivatives.
|
|
That's according to Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors.
|
|
It will take time to develop liquidity in derivatives based on the rate.
|
|
Other ARRC groups have released frameworks for SOFR in derivatives and business loans.
|
|
Work also continued on a similar deal for derivatives trading platforms, he added.
|
|
It is an even smaller part of the much, much larger derivatives market.
|
|
Ms. Bescond's LinkedIn page says she is global head of short-term derivatives.
|
|
The biggest single thing is the regulation of derivatives, which had been unregulated.
|
|
Then came the acquisition of Bankers Trust, a bank that specialized in derivatives.
|
|
Derivatives and other products once meant to diffuse risk had proven themselves profitable.
|
|
DCR We have assigned BNG a DCR due to its significant derivatives activity.
|
|
The advisory firm primarily uses derivatives to invest in its global macro strategies.
|
|
Banks had been big players in the market for derivatives in forward months.
|
|
Selman joined Goldman in 1994 as an associate in equity derivatives in London.
|
|
These are derivatives whose value is tied to a basket of underlying securities.
|
|
A DCR has been assigned to Rabobank due to its significant derivatives activity.
|
|
Over US$665trn notional was cleared through the year, representing 3.8m derivatives trades.
|
|
Euronext operates stock and derivatives trading platforms in Paris, Brussels, Amsterdam and Lisbon.
|
|
Consider, for example, the 2000 deregulation of exotic financial instruments known as derivatives.
|
|
Excluding derivatives, the adjusted loss was $37 million, or $0.22 a diluted share.
|
|
The annual review of listed derivatives markets, based on statistics from 47 exchanges globally, shows overall growth of more than 2% across all asset classes, driven by demand for commodity derivatives and increased activity in interest rate and currency contracts.
|
|
After the collapse of Lehman Brothers in September 2008, which left regulators in the dark over who was on the other side of the bank's derivatives trades, leaders of the Group of 20 economies agreed all derivatives trades must be reported.
|
|
A global derivatives industry body warned on Monday that shifting clearing of euro-denominated derivatives from London to the continent would require banks to set aside far more cash to insure trades, a cost that would be passed on to companies.
|
|
DTCC initially opted for a tailored approach to each derivatives asset class but the firm is set to merge those into a single process for all derivatives reporting once revised technical standards for EMIR reporting go live on November 1.
|
|
Republicans can target a derivatives rule adopted last year by the Commodity Futures Trading Commission, a Consumer Financial Protection Bureau rule for prepaid debit cards and a rule approved by banking regulators that imposed capital requirements for banks that trade derivatives.
|
|
In 2012, JPMorgan derivatives traders Javier Martin-Artajo and Julien Grout were accused of hiding hundreds of millions of dollars of losses within JPMorgan's chief investment office in London by marking positions in a credit derivatives portfolio at inflated prices.
|
|
Much of the initial attention focused on the Vatican's criticism of trading in derivatives.
|
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December 2009 - Porsche's derivatives portfolio unravels in the financial crisis, requiring billions in refinancing.
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To start, retinol is just one of many forms of synthetic vitamin A derivatives.
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A DCR has been assigned to ICBC SB due to its significant derivatives activity.
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The US derivatives exchange currently has registered swaps clearinghouses in the US and London.
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However, the market is pricing in only two moves, according to derivatives marketplace CME.
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Derivatives markets of the type that felled AIG, an insurer, are smaller and safer.
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Coriolis Capital invests mainly in natural disaster bonds, options, collateralized reinsurance and climate derivatives.
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Growth in currency derivatives followed close behind commodities with a 27% CAGR since 2005.
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Interest rate derivatives volumes were up 5.5% with all regions contributing to the growth.
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"Synthetic" securitisations, where derivatives are used to transfer risks, are also gaining in popularity.
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A DCR has been assigned to Barclays Bank because it has significant derivatives activity.
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EXCLUSIVE-DEUTSCHE BANK LONG-DATED DERIVATIVES WILL BE HARD TO SELL WITHOUT DISCOUNTS -SOURCES
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If we invest in stocks, we can buy derivatives contracts to hedge our bets.
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DCR We have assigned KBC Bank a DCR due to its significant derivatives activity.
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Since the financial crisis, most countries have made it mandatory to clear derivatives trades.
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Murray was recently global co-head of listed derivatives & markets clearing at Deutsche Bank.
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Fourth, it helps people manage physical and financial risk via insurance policies and derivatives.
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No doubt," BTIG's chief equity and derivatives strategist said Monday on CNBC's "Fast Money.
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At end-3Q16, customer deposits accounted for 2123% of Alior's total funding (excluding derivatives).
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The version of the bill passed by the House did not exempt derivatives transactions.
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Regulators are primarily focused on big global banks that trade risky securities like derivatives.
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Rawlinson says they plan to add additional platform derivatives on top of that number.
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LSE and others bought up derivatives exchanges, data providers, index compilers and clearing houses.
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Trading on the group's Eurex derivatives exchange meant using its clearing house, for example.
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What is more, LSE's strengths in shares and indices complement Deutsche Börse's in derivatives.
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Derivatives, for example, help funds reduce risks, achieve efficiencies, enhance liquidity and lower costs.
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The CFTC is also focusing on corruption that affects benchmarks used in derivatives trading.
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Why shouldn't Wall Street traders pay when they buy millions of dollars of derivatives?
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Despite the potential, cracking the Asian derivatives trade outside China has not been easy.
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There has been little evidence of that happening in the form of crypto derivatives.
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Derivatives worth a notional 26 trillion pounds are also caught in the Brexit crosshairs.
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That has not deterred the Singapore Exchange, a market for stocks, bonds and derivatives.
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But, so far, the bank has only auctioned $5.5 billion of the peso derivatives.
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After all this, derivatives contracts are created whose value is linked to these bonds.
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The banks were big players in the market for derivatives years into the future.
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They ensure that trillions of dollars are paid out on derivatives contracts each day.
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A major hurdle to the merger is how antitrust regulators define the derivatives market.
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Deutsche Boerse's Eurex is mainly active in exchange-traded derivatives, while the LSE's LCH.
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Its derivatives are used as emulsifiers in foods and sauces, ice cream, and beer.
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"The CFTC is saying: 'This seems fishy to me'," one derivatives lawyer told IFR.
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Banks are embedding derivatives into regular savings deposits to generate higher yields for clients.
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He thinks Frankfurt could take some derivatives-trading business and regulatory activity from London.
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Derivatives revenue jumped 52% and accounted for just over half of its total revenue.
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The advisory firm primarily uses derivatives to invest in its global macro strategies. Disclaimer
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The pact covers both the trading and clearing of derivatives between the two countries.
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Opium and its derivatives have been part of human society for thousands of years.
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The NSE did not state the exact date of launch for the derivatives market.
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Hyldahl said derivatives in some cases still can be the right choice for ATP.
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A DCR has been assigned to HSBC Bank because they have significant derivatives activity.
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Deutsche Bank executives have long argued that the eye-popping derivatives figure is misleading.
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ISIS and its jihadi derivatives will morph into local insurgencies in Iraq and Syria.
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Shifting the multi-trillion euro derivatives business would be difficult, regulators and bankers said.
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Eton Park's managers made bets on stocks, distressed debt and derivatives among other securities.
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This was compounded by lower equity trading revenues led by lower equity derivatives results.
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As a former derivatives trader, I certainly understand the excitement for value-based transactions.
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The bloc would also recognise UK clearing houses for financial derivatives for a year.
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The futures contracts would be traded via Deutsche Boerse's Eurex derivatives exchange, Wirtschaftswoche said.
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Pravit Chintawongvanich, equity derivatives strategist at Wells Fargo, brought volatility trading to the mainstream
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It is less ambitious that the original plan covering derivatives and other financial instruments.
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That could make such deals uneconomical and even potentially upend the global derivatives market.
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" RANDY FREDERICK, VICE PRESIDENT OF TRADING AND DERIVATIVES, CHARLES SCHWAB, AUSTIN, TEXAS: "Rough day.
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Stacey Gilbert, head of derivatives strategy at Susquehanna, echoes Maley's sentiments on the stock.
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The change will also apply to its derivatives assessments, Platts said in the note.
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The book likely includes derivatives, as well as emerging-market debt, the person added.
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What propelled his hedge fund to outsize gains was a series of derivatives trades.
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These include: - A transactions tax of 0.1% on most securities and transactions involving derivatives.
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It included 249.6 billion yen worth derivatives and 35.33 billion yen in cash markets.
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He has been head of the corporate derivatives business in the Americas since 2011.
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Additionally, the bill would force activists to disclose stakes they acquired indirectly through derivatives.
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Both derivatives products are expected to launch later this year or in early 2018.
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And they were clueless about the risk posed by AIG's enormous book of derivatives.
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The book likely includes derivatives, as well as emerging-market debt, the person added.
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FTTs are taxes on financial trades, such as trades of stocks, bonds and derivatives.
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A House Financial Services subcommittee looks at a number of bills on derivatives regulations.
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A DCR has been assigned to ABN AMRO due to its significant derivatives activity.
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In 20153, he supported a law regulating derivatives that many critics have called insufficient.
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It also added new exposures to junk bonds and derivatives including credit default swaps.
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"The rationale for that is that it is where we also have derivatives and our ambition is to allow our members to trade both the derivatives and the financials within the same platform, same membership, using the same collateral requirements," Aasen said.
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"The focus on harmonizing rule sets ... is a vital part of efforts to reduce the compliance burden for derivatives end users," Scott O'Malia, chief executive of bank group the International Swaps and Derivatives Association and a former CFTC commissioner, said in a statement.
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Another 1,000 claims, some of which involve swaps and derivatives, have yet to be reviewed.
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|
This week, those derivatives contracts hit their lowest level since they were introduced in December.
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|
Gains were also capped on caution ahead of the expiry of derivatives contracts on Thursday.
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Insurance companies use derivatives to keep the account value from declining when the index falls.
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Almost half of the world's most active commodity derivatives are now traded on Chinese exchanges.
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Derivatives worth a notional 26 trillion pounds are also likely to be affected by Brexit.
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Malaysia's distrust of the offshore currency derivatives markets is rooted in the Asian financial crisis.
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Current users of LNG derivatives include big commodity trading houses like Trafigura, Vitol and Gunvor.
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In public markets, you can buy and sell equities and their derivatives at any time.
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But these arrangements will not last long—the deal over derivatives, say, expires next year.
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The effects of MiFID 2 on markets for derivatives and bonds will be greater still.
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In 2017 Blackstone bought $333m-worth of credit derivatives on Hovnanian, an American construction firm.
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It offered Hovnanian cheap financing on condition that it trigger those derivatives to pay out.
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Massad said that the agreement was critical to ensuring that global derivatives markets remain robust.
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It is used as a price reference in financial contracts and derivatives worth $350 trillion.
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In practice, however, derivatives weren't being used to allocate risk to people who wanted it.
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The client solutions business, which houses loans, securitisation and derivatives, will report into Jon Walton.
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Preparations to auction unwanted equity derivatives are "well advanced", the bank's finance chief told analysts.
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He said he needs "to see the derivatives market deliver" before he adds anything else.
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|
Areas of deficiency included liquidity, legal entity rationalization, governance mechanisms, and derivatives and trading activities.
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The settlement price sets the value of billions of dollars in expiring in VIX derivatives.
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Derivatives on Tezos tokens fell as much as 31%, according to exchange HitBTC, Bloomberg says.
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O Risk Management conference in Bonita Springs, Florida, a major gathering of financial derivatives specialists.
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Singapore's exchange, he said, is popular for derivatives, but less so for cash equity listings.
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Equities trading decreased 25% y-o-y, driven by equity derivatives and block trade losses.
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Equities trading income also fell 10 percent, driven by lower revenue from U.S. equity derivatives.
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Leveraged and inverse ETFs that try to outperform or hedge market-moves rely on derivatives.
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|
Nasdaq also runs interest rate and energy derivatives markets out of London and Oslo respectively.
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Even more importantly, most oil-price hedges, price swaps/derivatives, also have cross-default provisions.
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Similarly, alternative or less liquid assets like real estate or derivatives are more labor intensive.
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The baroque derivatives that caused huge damage, such as mortgage-based CDOs, have shrivelled away.
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That is because the clearing of derivatives has become central to the modern financial system.
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It owns 1.94% in shares, and a further 3.21% via derivatives, notably contracts for difference.
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|
Similar to cryptocurrency, Matsumoto said the concept of derivatives was confusing in the early days.
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Including derivatives, Ackman has taken a roughly $1 billion stake in Lowe's, other filings showed.
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Companies from across the EU use London for currency trading, derivatives and managing investment funds.
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|
The following year, ICE bought NYSE, along with its European derivatives arm, for $8.2 billion.
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|
"Alongside the increase in physical information we have seen a growing derivatives market," he added.
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|
Android and its derivatives make up 85 percent of the smartphone market, according to IDC.
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|
The European Commission has backed away from forcing trading in euro derivatives to leave London.
|
|
But only securities trading, and in particular derivatives, was at the root of the crisis.
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|
It means holders of so-called credit default swaps can cash in on the derivatives.
|
|
Establishing a regulatory scheme for previously unregulated over-the-counter (OTC) derivatives was long overdue.
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They have resorted instead to derivatives rather than spot foreign exchange markets to take positions.
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|
Swaps, a form of derivatives, mushroomed before the financial crisis, when they were lightly regulated.
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|
Dainton will be responsible for equities trading across cash, convertibles, derivatives, syndicate and programme trades.
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|
Now, the CFTC and SEC are working to accomplish similar outcomes in the derivatives markets.
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|
DTCC's GTR covers 60% of clients that report derivatives under EMIR, according to ESMA data.
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|
London dominates clearing of derivatives denominated in euros, mainly via the London Stock Exchange's LCH.
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|
The bank now provides financial products such as derivatives and loans to 350 rural producers.
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|
Traders usually use derivatives markets to hedge any potential of losses on future price swings.
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Yet there's as much complexity in many alts that are far less abstract than derivatives.
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In 1999, the group issued a report asking Congress to change laws on derivatives markets.
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|
January 236 - Porsche said it had amassed a 21% stake in Volkswagen through derivatives contracts.
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|
That would affect the trading of offshore derivatives, including the SGX's Nifty 50 Index Futures.
|
|
Elliott has built up a stake of just over 10% in Altran through equity derivatives.
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|
House Financial Services Committee: Hearing on "Legislative Proposals Regarding Derivatives," 2628 p.m. http://bit.ly/28500nOhrq6900.
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Elliott has built up a stake of just over 10% in Altran through equity derivatives.
|
|
Transition has focused on derivatives market, with cash markets like bonds, notes and loans lagging.
|
|
This is a key risk when trading derivatives more suited for professionals than individual investors.
|
|
The letter comes as Warren and Cummings are upping their attention on the derivatives market.
|
|
The consultation paper also looks at how to increase trading in euro-denominated commodity derivatives.
|
|
As machines prove themselves in equities and derivatives, they are growing in debt markets, too.
|
|
However, trading was expected to be volatile ahead of the expiry of monthly derivatives contracts.
|
|
CME Group is the world's biggest derivatives exchange and CBOT is the biggest agricultural exchange.
|
|
Berlinski first joined Goldman in 1998 as an analyst in equity derivatives research in London.
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There was a $55 million fine Deutsche had to pay for misstating its derivatives positions.
|
|
Ackman has built an 8 percent stake in ADP, mostly in derivatives, the company said.
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CDS are derivatives used by investors to hedge against a default or restructuring of debt.
|
|
Still, in 1993, he presided over a blue-ribbon panel on banks' use of derivatives.
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|
Chung, formerly a derivatives trader at South Korea's SK Energy, joined Equinor recently, they said.
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|
Derivatives products will allow for greater liquidity, better price discovery and lower volatility, White said.
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|
There are different formulations, different types of retinol and retinol derivatives, different concentrations, different fragrances.
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|
Bankers say he was respected for his trading in foreign exchange, government debt and derivatives.
|
|
Among the rules on the list are derivatives reforms mandated by Dodd-Frank, such as capital and margin requirements for swap dealers, as well as a more controversial one that would limit how mutual funds and exchange-traded funds use derivatives to leverage returns.
|
|
LONDON, June 12 (Reuters) - Shifting clearing of euro-denominated derivatives from London to the European continent would require banks to set aside far more cash to insure trades against defaults, a cost that would be passed on to companies, a global derivatives industry body says.
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A global derivatives industry body warned on Monday that shifting clearing of euro-denominated derivatives from London to the European continent would require banks to set aside far more cash to insure trades against defaults, a cost that would be passed on to companies.
|
|
After a crisis, like the bursting of the housing bubble and its ensuing damage to all the banks involved in mortgage lending (or derivatives of such loans, or insurers of such derivatives — Minsky thought about all this), the financial sector and policymakers are duly chastened.
|
|
Regulation of derivatives was a major focus, owing to market-disrupting blowups like a trading scandal at JPMorgan Chase that came to be known as the "London Whale" episode, and the near-collapse of the insurance giant American International Group, or A.I.G., because of derivatives.
|
|
NEW YORK (Reuters) - The top U.S. derivatives and commodities regulator will take steps in the coming weeks to ease a March 1 deadline for financial firms to post cash to cover uncleared derivatives transactions, the incoming acting chairman of the agency said on Wednesday.
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|
It said companies should use derivatives to manage actual business risks, rather than making currency bets.
|
|
Transforming OTC (over-the-counter) derivatives into futures via a clearing house is known as futurisation.
|
|
Investments and derivatives overall generated $2180 million of profit, compared with $2218 million a year earlier.
|
|
She rose to prominence during the 1990s when she helped to create the credit-derivatives market.
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|
January 21998 - Porsche says it has ammassed a 236 percent stake in Volkswagen through derivatives contracts.
|
|
The proposals are expected to explore possible changes to how banks calculate their exposures to derivatives.
|
|
The EU is already reviewing the derivatives rules it introduced after the 2007-09 financial crisis.
|
|
She said they did not understand how derivatives worked or what were call and put options.
|
|
"These national specificities should be reviewed," Ophele told the annual IDX derivatives industry conference in London.
|
|
Shifts in the costs of derivatives indicate hedging demand has picked up since trade concerns intensified.
|
|
Globally, it underpins $260trn of loans and derivatives, from variable-rate mortgages to interest-rate swaps.
|
|
The insurer uses derivatives to lower risks stemming from interest rates, currency exchange rates and equities.
|
|
Derivatives markets' expectations of a rate rise later this year declined further after the BoE decision.
|
|
London has become a world leader for the clearing of some types of euro-denominated derivatives.
|
|
It stressed companies should use derivatives to manage actual business risks, rather than making currency bets.
|
|
Around $150 trillion in private and exchange-traded derivatives are based on U.S. dollar-based Libor.
|
|
Markets are, however, expected to remain volatile ahead of the expiry of derivatives contracts on Thursday.
|
|
That this system is already extremely generous to derivatives traders doesn't mean they're not complaining anyway.
|
|
The financial account, including derivatives, reported a positive balance of 63 billion francs for the year.
|
|
A crash might destabilise the inner workings of ETFs, which operate a bit like giant derivatives.
|
|
In a broad perspective, the move would represent a minor dent in Deutsche's derivatives clearing business.
|
|
The derivatives market showed sterling hedging costs remained elevated and investors positioned for further pound weakness.
|
|
Revenue from its derivatives unit jumped 21.3 percent and accounted for 47 percent of total revenue.
|
|
Trading in bonds and derivatives is at present largely conducted "over the counter" (off centralised exchanges).
|
|
For example, 16% of its €42trn of notional derivatives have a maturity of over five years.
|
|
DEUTSCHE BANK PLANS CUTS TO U.S. EQUITIES BUSINESS INCLUDING CASH EQUITIES, PRIME BROKERAGE, EQUITY DERIVATIVES -SOURCES
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The banks also gained the right to acquire some shares by buying derivatives, the sources said.
|
|
The unit is expected to hold mainly long-dated derivatives, sources familiar with the matter say.
|
|
We have assigned a DCR to San UK and ANTS due to their significant derivatives activity.
|
|
Investments and derivatives overall generated $394 million of profit, compared with $123 million a year earlier.
|
|
After that, it will attempt to sell portfolios of long-dated interest rate and credit derivatives.
|
|
ICE in London is the leading exchange in trading of euro short-term interest rate derivatives.
|
|
OCC added that banks are relying less on derivatives and loan sales to manage credit risks.
|
|
Derivatives regulations were a key plank of reforms implemented after the financial crisis of 2007-2009.
|
|
LCH, part of the London Stock Exchange, clears the bulk of euro-denominated derivatives in Europe.
|
|
Paris is touting its size, cultural richness, financial-markets tradition, derivatives talent and proximity to London.
|
|
He was also responsible for the trading of derivatives related to the company's risk management program.
|
|
Brexit has already prompted Brussels to make equivalence harder to obtain in areas like derivatives clearing.
|
|
LIBOR is referenced against $200 trillion worth of U.S. financial products, primarily in interest rate derivatives.
|
|
"We were very frank," said Bismarck Rewane, CEO of Financial Derivatives consultancy who attended the meeting.
|
|
The report will also look into how to "properly calibrate" rules imposed on the derivatives market.
|
|
Daniel, meanwhile, was previously head of equity derivatives and convertible bond sales at Citigroup in Paris.
|
|
The cooperative's former finance chief and a derivatives broker are under criminal investigation over the matter.
|
|
"Only a few people could understand derivatives, just the rocket scientists and those people," Matsumoto said.
|
|
The hub enables market participants to communicate derivatives exposures and manage commitments and adjustments between counterparties.
|
|
A DCR has been assigned to Erste because we deem its derivatives activities to be significant.
|
|
Right now, 137 state bills are under consideration for regulating CBD products and hemp derivatives alone.
|
|
The scale of his audacious derivatives trades nearly brought about the demise of the big bank.
|
|
That total comes from the largely unregulated over-the-counter market, where most derivatives are traded.
|
|
In its revised rule, the Fed changed how it would measure the amount of derivatives trades.
|
|
We looked at derivatives of different things that we had talked about in my first meeting.
|
|
Schatz's bill would tax the sale of stocks, bonds, and derivatives at a 0.1 percent rate.
|
|
Anglo-Italian Carlo Palombo, a 40-year-old former derivatives trader, received a 4-year term.
|
|
Key questions still to be answered include the appropriate level of granularity for categorising OTC derivatives.
|
|
The mighty Goldman business of trading bonds, derivatives, currencies and commodities has disappointed in recent years.
|
|
The series of highly anticipated oil trades is seen as the world's top sovereign derivatives trade.
|
|
He is an analyst for special projects at the CME Group, a derivatives exchange in Chicago.
|
|
Before Lehman, most futures, options and other types of derivatives were traded among banks, in secret.
|
|
Derivatives exchanges say that halting trading could trigger contractual clauses with the potential to generate defaults.
|
|
As other exchanges have done, HKEX has diversified beyond listings into trading services, derivatives and data.
|
|
"Everybody kept brushing it off like this would never happen here," an equity derivatives trader said.
|
|
One of the problems is that the VIX, and associated derivatives, behave erratically when volatility explodes.
|
|
Derivatives are financial contracts linked to the future value of assets between two persons or companies.
|
|
In the real world, importers buy derivatives as a defence against slumps in their domestic currency.
|
|
Peddlers of crypto-derivatives, the FCA says, cannot claim their wares are needed for hedging purposes.
|
|
As regulators close in on market abuse, defenders of crypto-derivatives are swimming against the tide. ■
|
|
Call options are derivatives instruments, betting on a price increase for a specific index or security.
|
|
Revenue fell 7.9 percent to C$166.1 million because of lower trading in equities and derivatives.
|
|
Don't get me wrong, I would love more people to be playing in the derivatives market.
|
|
So we don't want a complex derivatives portfolio in an environment where you're just more unstable.
|
|
"There have been some big painful failures," Schwimmer told the annual FIA IDX derivatives industry conference.
|
|
And for many years, the firm posted solid returns, investing heavily in stocks, bonds and derivatives.
|
|
Meanwhile, Saudi Arabia's stock exchange will introduce exchange-traded derivatives in the first half of 2019.
|
|
Underlying assets could range from investments in private companies to real estate and long-dated derivatives.
|
|
The coming week is expected to be volatile due to expiry of derivatives contracts on Thursday.
|
|
Because such derivatives create new opportunities for betting, we're sure to see many more of them.
|
|
That flipped most derivatives pricing in favour of a weaker euro over the next few months.
|
|
Leveraged ETFs use derivatives or debt to amplify the daily gains of an underlying benchmark by as much as three times while inverse or "short" ETFs, which can also be leveraged, use derivatives to profit from the decline in the daily value of an underlying benchmark.
|
|
The move should help address appeals from investors and the International Monetary Fund (IMF) that the central bank cast more light on its derivatives holdings, given allegations that it has been using currency swaps and other derivatives to intervene in offshore forex markets to support its currency.
|
|
Glen said he would ensure London remained one of the largest global centers for trading and clearing derivatives The derivatives industry in Europe, where London dominates, is worried the EU will ratchet up pressure to move clearing of euro-denominated contracts from Britain to the continent.
|
|
COMPETITION The securities regulator has been slowly easing rules in China's derivatives market, weighing what it has said is distrust of speculation purely to make a quick profit, against a desire to attract foreign investors who regard derivatives a normal part of their toolkit to mitigate risk.
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|
You can also spray the ants with products containing pyrethrins or pyrethrum derivatives labeled for ant use.
|
|
Some currency derivatives show market participants expect the yuan to weaken past that level within a year.
|
|
The Su-25 has spawned several derivatives, all called Flanker too, which largely look like the original.
|
|
The cash balance of the Treasury's operations in derivatives in 2016 was -4.2 billion euros, Padoan added.
|
|
Trading was however volatile ahead of the expiry of monthly derivatives at the end of the session.
|
|
This has resulted in more and more derivatives trades being concentrated among fewer clearing house member firms.
|
|
"All these derivatives of artificial intelligence are going to have substantial impacts on [Amazon's] profitability," Cuban said.
|
|
Julian Emanuel, head of U.S. equities and derivatives strategy at BTIG, expects two rate cuts this year.
|
|
Income from equities fell 22% yoy, reflecting weaker performance, particularly in Asia Pacific and in equity derivatives.
|
|
Derivatives expert Mike Khouw joined CNBC Pro on Friday to discuss why every investor should use options.
|
|
Prior to joining BNP, Toublan was a credit derivatives strategist at J.P. Morgan's investment-grade strategy team.
|
|
The derivatives markets are even further along: for some types, nine-tenths of volume is traded electronically.
|
|
Europe and Asia led the losses, with equity derivatives volumes down by over 20% in each region.
|
|
With volumes up almost 7%, the products accounted for around 15% of total listed equity derivatives volumes.
|
|
"I don't like the term speed bump," Book told the annual IDX derivatives industry conference in London.
|
|
Clearing houses should move faster to base their rules on SOFR, which would foster demand for derivatives.
|
|
Such "derivatives" are used across the world to mirror markets in everything from platinum to pork bellies.
|
|
The notional value of these OTC derivatives is $544trn, of which 62% are centrally cleared (see chart).
|
|
But the unit's bad bet on credit derivatives in London cost the bank $6.2 billion in 2012.
|
|
So I don't know — I'm not impugning your motive because you voted to deregulate swaps and derivatives.
|
|
And because fentanyl is popular, a number of different fentanyl derivatives have sprung up around the world.
|
|
Officials started talking up a derivatives reboot when the stock market was in better shape in 2017.
|
|
An expected Derivative Counterparty Rating (DCR) has been assigned to LBCM due to its significant derivatives activity.
|
|
The LME's contracts are currently seen as exchange traded derivatives (ETD) for the purpose of EU regulations.
|
|
Cash average daily volumes rose 18.5 percent and equity derivatives average daily volumes rose by 13 percent.
|
|
Yet about a quarter of derivatives contracts are not cleared—often because they predated the new rules.
|
|
Apple Capital also uses derivatives in order to protect the firm against currency and interest-rate gyrations.
|
|
In theory losses on derivatives would be offset by gains in the value of Apple's underlying business.
|
|
The law introduces radical changes to trading in trillions of euros-worth of stocks, bonds and derivatives.
|
|
Both have bought European peers; they now make more money from trading and clearing derivatives than equities.
|
|
The derivatives were only lightly regulated until soured swaps helped fuel the financial crisis of 2007-09.
|
|
A new way to short the cryptocurrency market is coming from dYdX, a decentralized financial derivatives startup.
|
|
Interest rate derivatives, fixed income and treasury trading saw the biggest boosts, the British interdealer broker added.
|
|
Eurex, the derivatives arm of Deutsche Börse, owner of the Frankfurt Stock Exchange, wants to change that.
|
|
Credit-default swaps (CDSs) are insurance-like derivatives designed to compensate lenders when a company goes bust.
|
|
There also hedged futures that use derivatives to play both sides of the market and hedge volatility.
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But unlike Greenspan's derivatives, leveraged loans are well-understood and held by institutions that understand their risks.
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So they're making drugs for baldness, acne, synthetic cannabinoids, antibiotics, ketamine derivatives—all in the same labs.
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SoftBank Group said it had offset most of the fall in Nvidia's share price through derivatives contracts.
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LSE operates equity and derivatives markets that include the London Stock Exchange, Borsa Italiana, MTS and Turquoise.
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Derivatives pricing for the yuan has fallen back to levels not seen since the end of November.
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These, alongside equity derivatives and securitised products, were responsible for the strong start to the current year.
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Connelly previously spent 18 years at Goldman Sachs, most recently as head of EMEA derivatives clearing services.
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Meanwhile, Republican lawmakers have grown concerned that farmers and ranchers cannot use derivatives to hedge their risk.
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The exchange itself will introduce derivatives when it is satisfied certain conditions, like ample liquidity, were met.
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No indication available The chemical company will raise prices for fatty amines and derivatives from Sept. 20.8463.
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It is also lending to energy companies and issuing derivatives that allow clients to hedge market risk.
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Libor is a benchmark for $350 trillion worth of financial products worldwide including $150 trillion in derivatives.
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In 2017, 10 of the fentanyl derivatives were reported for the first time, according to the study.
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The use of TRs by banks, brokers and asset managers to record their derivatives transactions is mandatory.
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But trading could turn volatile in the latter part ahead of the expiry of monthly derivatives contracts.
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Most of the media ignored the derivatives story, Congress stopped Born, and she resigned from her post.
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In 2013, EFSA found that hydroxyanthracene derivatives in food can improve bowel function, but warned against overuse.
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Cetip is Latin America's No. 1 securities clearinghouse and has a vast over-the-counter derivatives operation.
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The main board, debt market, Fonterra Shareholders' market and derivatives market will all be impacted, NZX said.
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VIX derivatives, such as futures and options, expire on the third or fourth Wednesday of every month.
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He previously headed the company's financing group, which includes capital markets and derivatives work for corporate clients.
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What's exciting investors is the expanding derivatives market for cryptocurrencies, which is adding some much-needed legitimacy.
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The International Swaps and Derivatives Association's determinations committees are made of a group of bond market participants.
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LONDON (Reuters Breakingviews) - A cross-Channel tug-of-war over derivatives regulation demonstrates the limits of Brexit.
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But in derivatives, credit lines are key and industry sources said Noble was having a tougher time.
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On Tuesday, the CME Group, the world's largest derivatives operator, said it would introduce bitcoin futures contracts.
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Marin didn't invent derivatives, but he was among the first to realize their insane money-making power.
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The CFTC rules will cover contract markets, derivatives clearing organizations, and swap execution facilities and data repositories.
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Equities revenues fell 13%, in line with the fall at US banks, hurt by weak equity derivatives.
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JPX also owns Osaka Exchange Inc, which runs derivatives markets such as index futures and JGB futures.
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"This flexibility is welcome and needed," said Scott O'Malia, CEO of the International Swaps and Derivatives Association.
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LIBOR is a rate reference for $200 trillion of U.S. financial products, primarily in interest rate derivatives.
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Vranos founded Ellington in December of 1994 to capitalize on distressed conditions in the MBS derivatives market.
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It has struggled since taking on the new derivatives mandate because of budget cuts imposed by Congress.
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Marko Kolanovic, global head of equity and derivatives strategy at JPMorgan, brought quant criticism into the mainstream
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In 2017, the total traded value of ShFE's steel derivatives contracts was $4.4 trillion from domestic investors.
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Currently, no offsetting of the margin is allowed, meaning the derivatives exposure is bigger than it appears.
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These Casino shares are equivalent to those that were pledged to the parties to the derivatives transactions.
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The revenue gains came across the trading franchise, including equity derivatives, according to one of the people.
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Deutsche Bank in July axed its derivatives and equities trading arms as part of massive job cuts.
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Cogolludo joined Citi in 2012 from BNP Paribas, where he was head of sales for commodity derivatives.
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Cetip is Latin America's largest securities clearinghouse with a vast over-the-counter, fixed-income derivatives operation.
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Non-traditional instruments, such as derivatives and commodities, have become more attractive to asset managers this year.
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WASHINGTON, Dec 1 (Reuters) - The U.S. derivatives regulator said on Friday it would allow CME Group Inc.
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Revenue can also be raised by imposing a tax on the trading of stocks, bonds and derivatives.
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That had curtailed trading in a variety of assets like derivatives, corporate bonds and other complex products.
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He sought to reassure EU policymakers that LCH would comply with the bloc's derivatives rules after Brexit.
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Pyrethrin and its synthetic derivatives are used in garden insecticides, pet sprays, mosquito repellents and lice shampoos.
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Most recently, Canada introduced so-called Cannabis 2.0, the legalization of marijuana derivatives including edibles and beverages.
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Barclays was also fined 29.8 million francs for participating in a cartel in euro interest rate derivatives.
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The crux of the argument is that VIX derivatives — futures and options — are subject to potential manipulation.
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MKM Partners derivatives strategist Jim Strugger told investors Facebook is his best current earnings options trade idea.
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The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).
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William S. Broeksmit, a derivatives trader with a risk manager's nose for spotting financial dangers, was one.
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Those four initiatives are focused on data reporting, liquidity risk management, derivatives in funds, and transition planning.
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Demand for fixed-price contracts, for example, has prompted Anglo to develop its capabilities in financial derivatives.
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Those often-worthless loans were packaged by Wall Street into complex derivatives and sold to unsuspecting investors.
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Carney it could take around four years for just one institution dealing in derivatives to move successfully.
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THE MARKET IS NOT REALLY A PLACE FOR THE AVERAGE PERSON TO BE PLAYING AROUND WITH DERIVATIVES.
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This has included "stress testing" lenders' balance sheets against future crises and increased transparency on complex derivatives.
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It also sells lower-volume models, including the Premio sedan, that are often derivatives of other models.
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The Corte dei Conti case centres on interest rate derivatives agreed between the Treasury and Morgan Stanley.
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The index, Wall Street's so-called "fear gauge", is linked to billions of dollars in derivatives products.
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Many banks in London have protectively asked their clients to sign over derivatives contracts to new jurisdictions.
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The Oregon Democrats asked the agency to clarify to the public several issues, including its authority in the production and marketing of hemp and its derivatives, and whether the FDA will consider issuing a regulation to allow hemp derivatives in food, beverages or dietary supplements that cross state lines.
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One of the alphabet soup of valuation adjustments that feed into derivatives pricing – collectively known as XVA – the KVA tool allows derivatives traders to understand the capital cost that swaps consume through of the life of the portfolio and calculates the upfront profit required to cover the costs.
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WASHINGTON (Reuters) - A U.S. Senate committee will soon consider legislation on the country's commodities and derivatives regulator that is intended to keep financial-sector restrictions in the Dodd-Frank Wall Street reform law from applying to farmers and ranchers because their derivatives trading helps them manage operational risks.
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And then the third thing that's jaw-dropping is a lot of this was caused by a dark market of derivatives, and the fact that we didn't even attempt to get into a discussion about a derivatives clearinghouse so we can track [them] is kind of amazing to me.
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Cash equity revenue fell 17 percent to $218 billion and derivatives revenue fell 2200 percent to $21 billion.
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Nor is it clear what Facebook does with any derivatives it gleans from this tracked personal data — i.e.
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Revenue from its biggest business, derivatives and over-the-counter markets, grew 4 percent to A$138.1 million.
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Those derivatives translated into $6.284 billion to help the government offset a drop in income from crude sales.
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London's biggest derivatives platform, ICE Europe has no alternative platform in the EU27 for many of its contracts.
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The commodities derivatives team has 11 employees, and they will be offered opportunities within the bank, DBS said.
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Dodd-Frank has largely made banks safer and the once-opaque derivatives market more transparent, banking executives said.
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Italy's Lazio region also sued 11 banks, claiming $109 million in compensation for alleged hidden costs in derivatives.
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Also from Montclair, Jenson is an old friend and talks with Mattox about cryptocurrency and equity derivatives strategy.
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In the quarter ended December, SGX's derivatives revenue jumped 35 percent to account for half its total revenue.
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Mike Syn, head of derivatives at SGX, stressed that the Baltic needed to expand its global customer base.
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The move shows the need for interagency oversight over potential changes to cross-border EU-UK derivatives rules.
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But it will still keep out foreign investors, banks, mutual funds and other institutions from investing in derivatives.
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By 2016, 62% of the notional $544trn global over-the-counter derivatives market was settled in this way.
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Tadawul said in a separate statement it would introduce exchange-traded derivatives in the first half of 2019.
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" RANDY FREDERICK, VICE PRESIDENT OF TRADING AND DERIVATIVES, CHARLES SCHWAB, AUSTIN, TEXAS "There was nothing real shocking here.
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Behnam said climate change can affect users of derivatives markets ranging from insurers to commercial banks and farmers.
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Currency derivatives tied to the outlook for sterling were trading near their lowest levels in nearly three months.
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Last September it identified a number of concerns, including about the derivatives market once the clearing-houses merged.
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The benchmark palm oil prices on the Bursa Malaysia Derivatives Exchange were down about 0.5 percent on Thursday.
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Last month it announced plans to extend its profit-sharing scheme to foreign-exchange derivatives and repurchase agreements.
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In 2011, the Baltic - via a wholly owned subsidiary -launched the first central freight derivatives platform, called Baltex.
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The unit oversees securities exchanges and markets, broker-dealers, clearing agencies, derivatives and the Financial Industry Regulatory Authority.
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Regulators have reduced the risk that derivatives will cause as much disruption as they did a decade ago.
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Last year a hedge fund (which does not want to be named) began trading derivatives using its predictions.
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The Chicago Board Options Exchange (CBOE), one of the world's leading derivatives exchanges, launched a Bitcoin futures contract.
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So dydX is building a decentralized protocol for derivatives, built on the Ethereum blockchain and the 0x protocol.
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Reforms since the 2007-2009 financial crisis require derivatives to be cleared to improve market transparency and safety.
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Only 3% of FX derivatives trades currently go through clearing houses, which absorb the risk one party defaults.
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LCH, a firm mostly owned by the London Stock Exchange (LSE), dominates the clearing of interest-rate derivatives.
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And then it gets more technical if you want -- so you have a lot of derivatives out there.
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TicToc has seven initial sponsors including wireless carrier AT&T Inc and derivatives marketplace firm CME Group Inc.
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Something closer to a risk-free rate would be a better benchmark for some markets, especially in derivatives.
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Before she leaves, White has said she will work to wrap up rules governing the U.S. derivatives market.
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Only 39 percent of all banks' derivatives transactions in the quarter were centrally cleared, according to the OCC.
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Domestically, traders are also awaiting cues from the roll-over of monthly derivatives contracts later in the day.
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Banks have faced many private lawsuits and regulatory probes into alleged rigging of derivatives, rates, securities and commodities.
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Most of the new oil derivatives were added at strike prices between $50-$60 a barrel, he added.
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Citigroup's corporate bank provides cash management, foreign exchange, derivatives and financing to corporations, banks and public sector clients.
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Progress so far is slow as London continues to clear more than 90 percent of euro-denominated derivatives.
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Stacey Gilbert, head of derivatives strategy at Susquehanna, says it's looking good for tech stocks as a whole.
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At the time, Porsche's plan was to hoover up derivatives contracts to quietly build a stake in Volkswagen.
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"It was pretty close to target," said Randy Frederick, vice president of trading and derivatives at Charles Schwab .
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Following the merger with Paribas in 2000, he was appointed global head of equity derivatives for BNP Paribas.
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This mirrors similar moves by several platforms that trade stocks, bonds and derivatives to avoid disruption from Brexit.
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Deutsche Bank's derivatives plan is part of a broader restructuring, in which it will shed 18,000 jobs worldwide.
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The larger financial forces in the derivatives and futures markets are deciding food prices on a global scale.
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The group benefited from a profit boost from its financial services business and a gain from derivatives hedging.
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" JIM STRUGGER, DERIVATIVES STRATEGIST, MKM PARTNERS, NEW YORK "People (in the options market) are looking for further upside.
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For a fee, the clearing-house signs two offsetting but technically separate derivatives contracts with the two parties.
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That's because blood banks in the US send a lot of blood to companies that manufacture plasma derivatives.
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In 2011, the Tokyo Financial Services Agency sanctioned Citigroup for its actions and temporarily suspended a derivatives product.
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Under the legislation, sales of stocks, bonds and derivatives would be taxed at a rate of 2628 percent.
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Cryptoassets that are considered securities or derivatives could be subject to regulatory compliance requirements under the proposed framework.
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Platforms could be subject to numerous operational requirements, based on those currently applicable to securities and derivatives dealers.
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Banks say the rule unduly penalised them in the way derivatives liabilities are treated when calculating the ratio.
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The agency, which regulates derivatives and commodities, then had to push back the compliance date for a month.
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"If 2015 was the year of equity, 2016 is the year of derivatives, futures and options," Li said.
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Corporates are also beginning to test the service for pricing transparency and to compare derivatives pricing across dealers.
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The Singapore Exchange already lists iron ore futures , and says it is exploring the introduction of steel derivatives.
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Derivatives markets indicated, however, that the spike in volatility of the past few days would not be sustained.
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This shift recently prompted regulators to peer around a particularly cumbersome corner of the $13 trillion derivatives market.
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The LME had first proposed a joint venture in 2010 to launch an exchange for freight derivatives trading.
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Of the $762 billion of euro-denominated derivatives traded every day, three-quarters pass through the British capital.
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Derivatives, quant fund flows, central bank policy and political developments have contributed to low market volatility, Kolanovic said.
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It says the less predictable currency trends have prompted it to use derivatives this year to hedge risks.
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Shandong Laiwu Jinlei Wind Power Technology Co is another firm making its debut in the currency derivatives market.
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Under the legislation, sales of stocks, bonds and derivatives would be taxed at a rate of 0.1 percent.
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The LSE has said the merger would not affect its commitment to open access in the derivatives market.
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That's on par with what the firm's derivatives unit typically makes in an entire year, said the people.
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But exempted food products include frozen beef, as well as fresh, dried and canned fruits and cereal derivatives.
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It said its derivatives and hedge fund servicing businesses would continue to operate as before across the region.
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As the value of cryptocurrencies exploded last year, traders began offering a slew of related futures and derivatives.
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The deal puts the U.S. derivatives giant in a prime position to shake up the U.S. Treasurys market.
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As a result, the Food and Drug Administration does not regulate derivatives of the plant, including CBD extracts.
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Even so, the nascency of the derivatives market could be an impediment, at least in the early stages.
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The nine derivatives transactions were tied to the stocks of Citigroup, the French utility EDF and other companies.
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The CME is lining up to introduce the derivatives, and is set to launch them on December 18.
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"We believe the reform agenda is back on track," said Bismarck Rewane, CEO of Lagos consultancy Financial Derivatives.
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Equity markets back home were also slightly volatile a day ahead of the expiry of monthly derivatives contracts.
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Banks took major losses on their derivatives holdings in the 2008 crisis, helping to exacerbate financial system strains.
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That risk is reflected in Italian credit default swaps (CDS), derivatives used to insure exposure to a credit.
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" RANDY FREDERICK, VICE PRESIDENT OF TRADING AND DERIVATIVES, CHARLES SCHWAB, AUSTIN, TEXAS "It looked pretty much as expected.
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The efficacy of chloroquine and its derivatives deserves rapid scientific study, and, rightly, there are ongoing clinical trials.
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The takeover attempt was financed with a complicated derivatives scheme that depended on Volkswagen shares maintaining their value.
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The closure of stock exchanges would affect other markets like derivatives and bonds given close links between them.
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"If you can smell the pool strongly, you're not smelling the pool, you're smelling those derivatives," he said.
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These committees tend to sit under the umbrella of the New York-headquartered International Swaps and Derivatives Association.
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These committees tend to sit under the umbrella of the New York-headquartered International Swaps and Derivatives Association.
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A latecomer among synthetic cannabinoids, coumarin derivatives were first identified in a 2012 Journal of Medicinal Chemistry paper.
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Only eight new antibiotics have been approved since 2017, it said, and most are derivatives of existing drugs.
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Barclays was fined 29.8 million francs for participating in a cartel in euro interest rate derivatives, COMCO said.
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Derivatives trading revenue also fell 3 percent to C$27.6 million in the period from a year earlier.
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But-- the whole thing has been-- they moved by derivatives and index, futures and that sort of thing.
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Banks like ING have introduced loans and derivatives whose rates and fees increase if borrowers miss climate goals.
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And prior to that, stocks fell 10% in early 2018 when volatility-linked derivatives detonated the broader market.
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About three-quarters of all euro-denominated derivatives transactions are cleared through Britain, according to the European Union.
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It included an outflow of 45.7 billion yen worth in derivatives and 49.5 billion yen in cash markets.
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Wyden's proposal would simplify the tax rules for derivatives by repealing nine tax code sections and streamlining others.
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But it did so by taking chances, including issuing hundreds of billions of dollars in high-risk derivatives.
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Revenue edged up 2.7 percent to S$$205 million, supported by an 11.2 percent rise in derivatives revenue.
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Kirk joined Goldman in 2003 as a derivatives trader while Lee, a career investment banker, joined in 1994.
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This is also a bank that marketed complex derivatives to Europe's sickliest bank, Monte dei Paschi in Italy.
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Potential shocks from election day on Thursday are driving up demand, and thus the price, of bearish derivatives.
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Vistin said the counterparty for the derivatives contracts was a Norwegian commercial bank, but declined to name it.
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An increase in spot trading in Asia has led to a rise in derivatives volumes in the region.
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Prices in the derivatives market showed that market participants do not expect big moves in the common currency.
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Fonciere Euris had pledged the Rallye shares under a derivatives contract it entered with Societe Generale in 2014.
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Bitcoin and its derivatives have, for the moment, proved too volatile and unwieldy for day-to-day transactions.
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He moves over from Gibson Dunn & Crutcher where he was co-leader of the derivatives and commodities practice.
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