Constant maturity swaps
Industry Slips on Phase One of BCP Tests
NEW YORK - The U.S. securities industry will wind down Phase 1 of industry-wide business continuity planning (BCP) tests later than expected and will begin Phase 2 in the third quarter of next year, confirm officials who are taking a lead role in the…
Senators move to establish stronger federal oversight of energy markets
A group of US senators yesterday introduced legislation, called the Energy Market Oversight Act, that seeks to restore the Commodity Futures Trading Commission’s (CFTC) authority over online and bilateral energy trades and give the Federal Energy…
Sempra buys CMS' gas trading business
Sempra Energy Trading, the Connecticut-based gas, power and petroleum dealer, has bought the gas trading book of Michigan-based CMS Energy for $17 million, a Sempra spokesman confirmed today.
Kosda to launch benchmark CMS index
The Korean Swaps Dealers Association (Kosda) plans to launch a benchmark constant maturity swap (CMS) fixing index in December, according to Seung Won Hwang, head of derivatives marketing at Citibank and co-chairman of Kosda.
CMS ponders future of energy trading business
Michigan-based CMS Energy may exit the energy trading business after it found that round-trip trades were undertaken by the company to raise CMS Marketing, Services and Trading's profile with existing and potential clients.
Forward CMS rate adjustment
Constant maturity products