​Daily Bulletin: Wednesday Jan. 28

BNP Paribas is the counterparty with the highest quality overall North America equity and volatility derivative offering, according to our interim North American Equity Derivatives Report 2014. The ranking consolidates the views of some of the most active hedge funds and asset managers – firms that deploy derivatives on $30 billion of assets and spend $18.7-26.5 million in annual commissions. Société Générale, Goldman Sachs, Morgan Stanley, Citigroup, Deutsche Bank and Citi are so far tightly clustered behind BNP in the rankings. In flow, the markets were stunted today as all eyes were on the U.S. Fed. Rates were left unchanged, but the door was left open potentially for a mid-year hike. We also take a look today at plans to rollout trade reporting to other provinces in Canada. Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan will soon be brought under the country’s trade reporting regime, following the release of proposed definitions.