Infrastructure
CLS faces up to Eastern realities
CLS suspends operational trials of the ruble and will delay the currency's adoption from its original November deadline
Russian banks face struggle to access credit and PB
Sanctions have reduced Russian banks' ability to trade in wholesale markets, but CLS's plans remain on track
Ice's CLS service cut by JP Morgan
The Atlanta, Georgia-based exchange and clearing house has had its CLS settlement service discontinued, just like CME
Cross-margining key for RMB futures market - SGX
Cross-margining contracts across asset classes will give SGX a competitive advantage, with up to 30% margin savings, the exchange claims
Need for surveillance accelerates amid scandals
Scandals in various asset classes highlighted the need for greater surveillance on trading systems, says David Hesketh, chief operating officer of the Financial Skills Division of Markit
CME to expand paired delivery as banks rethink third-party CLS
As banks scale back provision of CLS settlement to exchanges and CCPs
Fed official reiterates FX options-clearing guidelines
Lawrence Sweet highlights industry discussions around FX options clearing as a key component of a private-sector solution
Achievement Award: David Puth
Puth has spent more than three decades in financial markets. He is chief executive of CLS, the currency settlement utility
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
CCIL-cleared forex forwards volumes double after mandate
European banks begin clearing in India, despite lack of an EU equivalency ruling
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July
Trade surveillance comes with a hefty price tag
Costs subject to rate and volume of transactions, and number of locations
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014
Fluent launches PB risk management solution
Product aims to solve the problem faced by prime broker banks lacking adequate pre-trade risk management systems
Lucera launches FX trading platform
Clients have separate servers to avoid crowding and improve failure management
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
Moex sees record FX volumes in March
Algorithmic traders have helped the Russian exchange boost its forex volumes
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch