Interest rate swap

Bloomberg Launches First Fully Automated Basis Trade and Reporting Workflow

Retrieved on: 
Thursday, February 8, 2024
Workflow, Nomura, STP, Cotton factor, Bloomberg, Automation, IRS, Interest rate swap, Equity, FCM, ETS, Euro, Security (finance)

LONDON, Feb. 8, 2024 /PRNewswire/ -- Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex.

Key Points: 
  • New workflow provides frictionless reporting of Future vs. Interest Rate Swap basis trade
    LONDON, Feb. 8, 2024 /PRNewswire/ -- Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex.
  • This new end-to-end workflow allows sell-side participants acting as executing brokers to facilitate a trade using a single interface and benefit from full straight through processing (STP) using Bloomberg's technology.
  • "Increased electronification enables workflow optimization and benefits our clients across the buy and sell-side," said Derek Kleinbauer, Global Head of Fixed Income & Equity E-Trading at Bloomberg.
  • Bloomberg Electronic Trading Solutions (ETS) are used by leading financial institutions to trade efficiently in over 175 markets around the world.

Fenics Market Data Launches AUD Interest Rate Swaps Service

Retrieved on: 
Wednesday, August 23, 2023
BGC, IDB, IRS, Interest, Interest rate swap, Bioinformatics, AUD, The Company, Risk, Cryptocurrency, Westpac, Bloomberg

LONDON, Aug. 23, 2023 /PRNewswire/ -- Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the "Company"), today announced the launch of a new and unique data service for Australian Dollar ("AUD") Interest Rate Swaps ("IRS").

Key Points: 
  • LONDON, Aug. 23, 2023 /PRNewswire/ -- Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the "Company"), today announced the launch of a new and unique data service for Australian Dollar ("AUD") Interest Rate Swaps ("IRS").
  • Working with market participants, Fenics Market Data created a unique service that is now the only composite screen available for AUD IRS, compiled from live, executable inputs from multiple market participants.
  • The new Fenics Market Data AUS IRS service will deliver a complete market view, direct from market participants, comprised of tradeable prices.
  • Rich Winter, Global Head, Fenics Market Data and kACE Information Analytics, said: "This is a transformative new service.

Fenics Market Data Launches AUD Interest Rate Swaps Service

Retrieved on: 
Wednesday, August 23, 2023
BGC, IDB, IRS, Interest, Interest rate swap, Bioinformatics, AUD, The Company, Risk, Cryptocurrency, Westpac, Bloomberg

LONDON, Aug. 23, 2023 /PRNewswire/ -- Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the "Company"), today announced the launch of a new and unique data service for Australian Dollar ("AUD") Interest Rate Swaps ("IRS").

Key Points: 
  • LONDON, Aug. 23, 2023 /PRNewswire/ -- Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the "Company"), today announced the launch of a new and unique data service for Australian Dollar ("AUD") Interest Rate Swaps ("IRS").
  • Working with market participants, Fenics Market Data created a unique service that is now the only composite screen available for AUD IRS, compiled from live, executable inputs from multiple market participants.
  • The new Fenics Market Data AUS IRS service will deliver a complete market view, direct from market participants, comprised of tradeable prices.
  • Rich Winter, Global Head, Fenics Market Data and kACE Information Analytics, said: "This is a transformative new service.

FLEETCOR® Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, February 8, 2023
Professional Services, Payments, Other Professional Services, Technology, Other Technology, Software, Fintech, Interest rate swap, Fleetcor, Holiday, ID, NYSE, Weather, EBITDA, GAAP, Webcast, Interim, Line of credit, Risk, Dislocation, EV, Growth, Interest, Video game, Cryptocurrency, Reinsurance, Risk management, Security (finance)

Net incomewas $225.3 million in the fourth quarter of 2022, compared with $225.0 million in the fourth quarter of 2021.

Key Points: 
  • Net incomewas $225.3 million in the fourth quarter of 2022, compared with $225.0 million in the fourth quarter of 2021.
  • Net income per diluted share increased 11% to $3.03 in the fourth quarter of 2022, compared with $2.74 per diluted share in the fourth quarter of 2021.
  • Adjusted net income1 decreased 2% to $300.2 million in the fourth quarter of 2022 compared with $304.9 million in the fourth quarter of 2021.
  • Adjusted net income per diluted share1 increased 9% to $4.04 in the fourth quarter of 2022, compared with $3.72 per diluted sharein the fourth quarter of 2021.

Voltz Launches First Synthetic Interest Rate Swap Protocol for DeFi, Catalyzing New Wave of DeFi Products & Empowering Crypto to Challenge TradFi's $1,000T Exchanged/Year

Retrieved on: 
Wednesday, June 1, 2022
Crypto, Risk management, Entrepreneur First, Interest rate swap, Business, NEMO, CEO, Vernacular, Decentralized finance, Tradition, Swaption, Liquidity, Ecosystem, Investment, Growth, Compound, Raymond Steth, Risk, Research, IRS, Alpha, DAO, AMM, Cryptocurrency, Wintermute, Treaty of Dappes

LONDON, June 1, 2022 /PRNewswire-PRWeb/ -- Voltz Protocol launches DeFi's first synthetic, capital-efficient interest rate swap (IRS) AMM, providing the framework for DeFi to compete with TradFi's $1,000T IRS exchanged per annum and unlocking a new realm of possibilities for dapps to serve the financial needs of the world.

Key Points: 
  • This is why we're so excited to bring Voltz Protocol to DeFi, the first synthetic IRS protocol that will unlock a tidal wave of new products for the ecosystem."
  • Voltz Protocol will initially launch with Aave and Compound base stablecoin rates and will add many other markets in the coming months, including Lido's stETH.
  • Voltz Protocol is DeFi's first synthetic interest rate swap (IRS) AMM and is highly capital efficient.
  • Voltz Protocol is composable, permissionless, and open-source, providing developers with the foundation to build the future of DeFi.

ICE Benchmark Administration Publishes Feedback Statement on the Consultation on the Potential Cessation of ICE Swap Rate® based on GBP LIBOR®

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional Services, Finance, Swaps, Money, Finance, Interest rates, Economy, Interest rate swap, SONIA, Libor, Currency swap, ICE Benchmark Administration, Intercontinental Exchange, SONIA, ICE BENCHMARK ADMINISTRATION, INTERCONTINENTAL EXCHANGE, SONIA

USD LIBOR ICE Swap Rate, EUR ICE Swap Rate or GBP SONIA ICE Swap Rate), after December 31, 2021, or any other date.

Key Points: 
  • USD LIBOR ICE Swap Rate, EUR ICE Swap Rate or GBP SONIA ICE Swap Rate), after December 31, 2021, or any other date.
  • GBP SONIA ICE Swap Rate settings are available for the same tenors and at the same time as the current GBP LIBOR ICE Swap Rate settings, and are determined using the published ICE Swap Rate Waterfall methodology based on eligible interest rate swap data referencing SONIA.
  • GBP SONIA Spread-Adjusted ICE Swap Rate Beta settings are available here for information purposes only, alongside GBP SONIA ICE Swap Rate settings.
  • ICE LIBOR, LIBOR, ICE Swap Rate and ICE Benchmark Administration are registered trademarks of IBA and/or its affiliates.

Tradeweb Announces First Fully Electronic SOFR Swap Spread Trade

Retrieved on: 
Thursday, July 8, 2021
Banking, Professional services, Finance, Swaps, Finance, Money, Tradeweb, Economy, Swap Execution Facility, Interest rate swap, SOFR, Derivative, Financial market, Spread trade, CanDeal

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade.

Key Points: 
  • Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade.
  • BlackRock and J.P. Morgan were counterparties to the trade on the Tradeweb Swap Execution Facility (TW SEF).
  • Executing the first SOFR Swap Spread over Tradeweb is an important market milestone as SOFR liquidity and market volumes continue to grow.
  • Swap spread trades are considered a structurally important segment of the interest rates derivatives market, and represent approximately 10% of the USD derivatives market.1
    Tradeweb launched interest rate swap trading in 2005, and numerous market firsts have been executed on the firms award-winning SEF, including the first electronic swap compression trade, electronic swaptions trading, electronic cleared inflation swap and multi-asset package trades.

Derivatives Exchanges Trading Hours 2021: Timely and Accurate Information on Trading Hours, Non-trading Days and Settlement Details - ResearchAndMarkets.com

Retrieved on: 
Monday, July 5, 2021
Professional services, Finance, Equity derivative, Options, Financial markets, Derivative, Futures contract, Business law, Interest rate derivative, Swap, Underlying, Economic law, Interest rate swap, Commodity Futures Modernization Act

Commodity derivatives: Commodity Derivatives are products where commodities are contracted to buy or sell at an agreed price for delivery at a specified date.

Key Points: 
  • Commodity derivatives: Commodity Derivatives are products where commodities are contracted to buy or sell at an agreed price for delivery at a specified date.
  • Equity Derivatives: Equity Derivatives are Products whose value is at least partly derived from one or more underlying equity asset class.
  • Equity derivatives also include futures and options based on index products or dividends.
  • Interest Rate Derivatives: Interest rate derivatives are futures and options whose underlying is an asset related to interest rates including short term interest rate index contracts, fixed income contracts, and interest rate swap contracts.

CME Group Announces First Trades of Mexican F-TIIE Interest Rate Futures

Retrieved on: 
Tuesday, May 25, 2021
Financial markets, Futures exchanges, Futures contract, Swaps, Interest rate future, Derivative, CME Group, Interest rate swap, Chicago Mercantile Exchange

CHICAGO, May 25, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trades of the new interest rate futures based on the Central Bank ofMexico'sOvernight TIIE funding rate (F-TIIE).

Key Points: 
  • CHICAGO, May 25, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trades of the new interest rate futures based on the Central Bank ofMexico'sOvernight TIIE funding rate (F-TIIE).
  • "We are pleased to have received industry support for our first Mexican F-TIIE interest rate futures contract," saidAgha Mirza, Global Head of Rates and OTC Products at CME Group.
  • "Our futures contract aligns with the Central Bank ofMexico'sobjectives to develop robust risk-free rates (RFR) and establish a domestic funding curve, while complementing our OTC Mexican interest rate swaps clearing business, dollar-peso FX futures contracts and SOFR futures."
  • Mexican F-TIIE Rate futures are listed with and subject to the rules of CME.

ICE Benchmark Administration Consults on Potential Cessation of ICE Swap Rate® based on GBP LIBOR®

Retrieved on: 
Friday, May 7, 2021
Banking, Professional services, Finance, Swaps, Money, Finance, Interest rates, Economy, Libor, Sonia, Interest rate swap, Swap rate, ICE Benchmark Administration, Intercontinental Exchange, SONIA, ICE BENCHMARK ADMINISTRATION, INTERCONTINENTAL EXCHANGE, SONIA

IBA will publish a feedback statement after the feedback period has closed.\nThe consultation is not, and must not be taken to be, an announcement that IBA will cease or continue the publication of GBP LIBOR ICE Swap Rate, or any other ICE Swap Rate settings, after December 31, 2021, or any other date.

Key Points: 
  • IBA will publish a feedback statement after the feedback period has closed.\nThe consultation is not, and must not be taken to be, an announcement that IBA will cease or continue the publication of GBP LIBOR ICE Swap Rate, or any other ICE Swap Rate settings, after December 31, 2021, or any other date.
  • IBA expects to consult on the potential cessation of USD LIBOR ICE Swap Rate in due course.\nSince December 2020, IBA has published GBP ICE Swap Rate settings based on SONIA.
  • GBP SONIA ICE Swap Rate settings are available for the same tenors as GBP LIBOR ICE Swap Rate settings and at the same time, and are determined using the published ICE Swap Rate \xe2\x80\x98Waterfall\xe2\x80\x99 methodology based on eligible interest rate swap transactions referencing SONIA settings.\nICE Benchmark Administration is authorized and regulated by the Financial Conduct Authority for the regulated activity of administering a benchmark, and is authorized as a benchmark administrator under the UK Benchmarks Regulation.
  • ICE LIBOR, LIBOR, ICE Swap Rate and ICE Benchmark Administration are registered trademarks of IBA and/or its affiliates.\nIntercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity.