Nicholas Bean News Today

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

A large chunk of interest-rate derivatives trading has migrated to US venues this year following the UK’s withdrawal from the European Union, dealing a blow to the City of London and highlighting the importance for the UK of reaching a post-Brexit agreement on financial regulation with the EU. Volumes of euro interest-rate swaps transacted on US-based platforms known as swap execution facilities, or SEFs, jumped from 21% in December to 39% in the first two weeks of January, according to data ...