Currency Derivatives
TriReduce expands compression to emerging markets
Mounting cost pressures are increasing appetite for the service
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Best e-FX Software Provider: Fenics
Flexibility and a focus on Asia allows rapid expansion of client footprint
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
GTX Sef receives CFTC approval
Registration go-ahead replaces temporary nod from US regulators
Navalakha joins ANZ as head of FX options trading
Mayank Navalakha exits Barclays, where he worked for 10 years
Broadridge acquires Dojima to boost derivatives clearing
Capping what Broadridge calls its "best-of-breed" offering for exchange-traded derivatives
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
Eagle and Holmes launch agency broker Aquila Markets
Firm will focus on providing high-quality coverage and execution services for FX
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Rosenthal leaves Morgan Stanley
Former FX options trader is understood to be heading to Nomura
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
Corporates more concerned about currency moves
Firms are increasing their hedging and trying out different products
DoJ requests information on TP-Icap broking deal
Tullett Prebon is set to acquire Icap's global hybrid voice-broking business
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
Currency managers end 2015 on downbeat note
Parker FX Index shows negative returns of 0.51% for December