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Securities Derivatives

  • June 23- U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers. *Wall Street ended flat on Thursday, but healthcare stocks rallied as Senate Republicans unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the...

  • FRANKFURT, Germany— The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled— a hot topic in negotiations over Britain's departure from the European Union. Much of the activity in clearing euro-denominated derivatives is located in London and involves thousands of jobs in the financial...

  • Treasuries-backed repurchase agreement market as an alternative to the use of Libor in around $150 trillion worth of derivatives. I am confident the new reference rate chosen today by the Alternative Reference Rates Committee is based on a deep and actively traded market and will be highly robust, "Federal Reserve Board Governor Jerome Powell said in a...

  • June 22- A committee of large international banks on Thursday voted to adopt an interest rate benchmark from the Treasuries-backed repurchase agreement market as an alternative to the use of Libor in around $150 trillion worth of derivatives. The Alternative Reference Rates Committee was tasked with selecting a new rate at the behest of regulators...

  • *UK's Imagination Tech puts itself up for sale, shares bounce. LONDON, June 22- A rise in European health stocks helped pull European shares out of negative territory on Thursday, pegged back by the slide in the energy sector on the back of weakened oil prices. Health care was the top-gaining sector, up 2 percent and briefly touching its highest level since December...

  • *UK's Imagination Tech puts itself up for sale, shares bounce. LONDON, June 22- European shares were in store for another weak session on Thursday, pegged back by the slide in commodities-related sectors on the back of depressed oil prices. "What didn't help were those conflicting comments from OPEC... and Iran.

  • As a result, bankers and regulators in the United States, Britain, Europe and Japan are developing alternative benchmark interest rates. "Getting a rate thats supported, thats well built and robust, is very important because they need to move a lot of the swaps market off of Libor, said Darrell Duffie, a finance professor at Stanford University who chaired a...

  • FRANKFURT, June 20- It may be appropriate for the European Union to force the relocation of clearing activities from London after Brexit if there is no other way to control risks, European Central Bank Executive Board Member Benoit Coeure said on Tuesday. Around 90 percent of euro denominated derivatives are cleared in London and post-Brexit options include...

  • LONDON, June 19- Index provider MSCI is likely to open its emerging market benchmark to Chinese mainland-listed shares at its review on Tuesday, but investors are also expecting news on other markets such as Argentina and Saudi Arabia. It will hold conference calls with journalists at 2300 GMT and again at 0700 GMT on June 21. The 169 stocks make up 5 percent of all...

  • TORONTO/ NEW YORK, June 19- U.S. activist investor Jonathan Litt on Monday called for Canada's Hudson's Bay Co to consider going private and to monetize its vast real estate holdings, sending shares in the owner of Saks Fifth Avenue up 13 percent. HBC stock had lost about a third of its value this year amid declining sales at its retail stores, which include Saks, Lord&...

  • June 19- U.S. stock index futures were higher on Monday with investors snapping up beaten down technology and retail stocks. *Retail stocks were battered on Friday after Amazon.com' s $13.7 billion deal to buy upscale grocer Whole Foods. *The market is awaiting comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, when he speaks at...

  • June 19- U.S. stock index futures were higher on Monday with investors snapping up beaten down technology and retail stocks. *Retail stocks were battered on Friday after Amazon.com' s $13.7 billion deal to buy upscale grocer Whole Foods. *The market is awaiting comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, when he speaks at...

  • TOKYO, June 19- Japanese stocks rose on Monday, as the dollar's steady performance against the yen fueled buying in stock futures, while Nomura Real Estate dived after saying a stake purchase in the company by Japan Post was no longer being considered. "Investors are buying futures today... it's more like today's trading is futures-led than trade-led by individual...

  • June 15- U.S. stock index futures fell on Thursday, pulled lower by technology stocks, while investors fretted about the Federal Reserve's outlook on monetary policy amid weak economic data. *Apart from raising interest rates and forecasting one more hike for 2017 on Wednesday, the Fed laid out its first clear outline to start trimming its $4.2 trillion balance...

  • TOKYO, June 15- U.S. stock futures dipped and Asian shares were on the defensive on Thursday after a media report that U.S. Investors' appetite for riskier assets was also dampened by soft U.S. data and after the Federal Reserve raised interest rates as expected and gave its first clear outline on its plan to reduce its $4.2- trillion bond portfolio.

  • June 13- U.S. stock index futures were slightly higher on Tuesday as technology shares staged a recovery after a two-day rout, while investors awaited the Federal Reserve to kick off its meeting, where its is almost certain to raise interest rates. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet.

  • LONDON, June 12- Shifting clearing of euro-denominated derivatives from London to the European continent would create an "illiquid rump" market that costs customers more, the London Stock Exchange Group's Chief Executive Xavier Rolet said on Monday. Rolet said the group could cope with whatever Brussels decides, given it has a fully authorized clearing house...

  • LONDON, June 12- Shifting clearing of euro-denominated derivatives from London to the European continent would create an "illiquid rump" market that costs customers more, the London Stock Exchange Group's Chief Executive Xavier Rolet said on Monday. Rolet said the group could cope with whatever Brussels decides, given it has a fully authorized clearing house...

  • *Futures down: Dow 41 pts, S&P 6.75 pts, Nasdaq 48.75 pts. June 12- U.S. stock index futures were lower on Monday, with Nasdaq futures taking the biggest hit as investors locked in gains on the richly-valued technology sector. Shares of the world's most valuable listed company fell 2 percent to $145.97 in heavy premarket trading on Monday.

  • *Futures down: Dow 41 pts, S&P 6.75 pts, Nasdaq 48.75 pts. June 12- U.S. stock index futures were lower on Monday, with Nasdaq futures taking the biggest hit as investors locked in gains on the richly-valued technology sector. Shares of the world's most valuable listed company fell 2 percent to $145.97 in heavy premarket trading on Monday.