Derivatives
Best Risk Management/Options Pricing Vendor: Fenics
BGC CEO outlines commitment to the recently acquired firm
Best Banks Awards: Thomson Reuters bags three wins
Thomson Reuters wins Best Broker for EM, Forwards and Best Market Data Provider for FX
Best FX Clearing House: CME Group
Exchange and clearing house expects more clearing and growth in renminbi products
Best Bank Awards: Barclays triumphs in five categories
Barclays retains the top spot in currency options, being voted the best bank for FX by banks, FX in London, and for both GBP/USD and EUR/GBP
Best Broker for Currency Options: Tullett Prebon
While regulatory concerns were its major preoccupation this year, Tullett Prebon remains bullish on FX options
USD/CNH enters top-five traded pairs on ParFX
The offshore renminbi experiences exceptionally strong growth in September
Abide Financial applies to become trade repository
The transaction-reporting firm may become the third-largest repository by volume; it also launches an accelerated Mifid II/Mifir compliance programme from January 2017
FSB finds fault with derivatives trade reporting
Despite large volumes of trades being reported, some authorities have restricted access to data, which is often low quality; some jurisdictions are experimenting with new analysis
JP Morgan and UBS compress FX books via start-up
NYC-based LMRKTS first broke cover two years ago; the third bank participant is unknown
Chinese corporate hedging costs soar after PBoC forex clampdown
Chinese corporates looking to hedge following last month's renminbi devaluation face 400bp price hikes because of a new PBoC rule forcing dealers to hold deposits against onshore renminbi-based forex derivatives
Industry expecting Mifid II delay
September 24 deadline is likely to be missed, banks and lobbyists fear
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
LCFX rebrands as Spectra, makes four hires
FX options agency specialist Louis Capital FX changes name to Spectra FX Solutions
Corporates face paper losses from renminbi slide
An intervention by China's central bank causes unrealised corporate hedging losses
Exotic FX option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis, but in a more nuanced way
EU revisions to uncleared margin rules address industry fears
European regulators roll back contentious elements of EU uncleared margin rules, including the treatment of cash collateral and third-country corporates
Deutsche Börse to set up Europe's first multi-asset RMB platform
German exchange group signs joint-venture deal with CFFEX and Shanghai Stock Exchange to bring trading venue to Frankfurt
FX algos revive US rates trading at UBS
Rejigged algo behind doubling of volumes – Swiss bank aims to repeat trick in swaps
Costs and regulation slow CNY derivatives growth - CFFEX
China's onshore FX derivatives market is a fraction of the size of its emerging markets peers
Cleared NDF volumes still 'tiny', but Sef share grows
Swap execution facilities gain traction in top four NDF currencies
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
USD/CHF options burn banks amid illiquid markets
Traders say dealers who lost money in last month's huge Swiss franc move are likely to have done so because liquidity evaporated, making it impossible to hedge sold options