Derivatives and Trading

We help clients navigate the derivatives and trading landscape, advising on swaps, options and forwards, as well as repos, loan transactions and custody issues. We cover straightforward trading products and complex derivative and financing structures.

We have specialist experience in prime brokerage, leverage products for credit funds, and Significant Risk Transfer (SRT) transactions, including term analysis, negotiating transaction documentation, summary risk reviews and providing regulatory advice.

Whether advising a multinational hedge fund on prime brokerage relationships or supporting a family office with bespoke derivatives to enhance yield or manage risk, clients value our creativity, commercial approach and deep understanding of global regulatory frameworks.

Our advice and support for clients includes:

• FX and interest rate hedging;
• equity derivatives, including TRSs and structured stake-building products;
• prime brokerage arrangements (including nuanced issues around rehypothecation and segregation);
• securities lending and margin financing;
• custody and collateral arrangements;
• exchange-traded products;
• central clearing under Dodd-Frank and EMIR; and
• the negotiation of electronic trading terms.