Infrastructure
ADS Securities pitches to high-net-worth individuals
The Abu Dhabi-based trading firm last week launched ‘Prime’, a new service targeted at professional and high-net-worth forex and bullion traders
Brakes remain on FX options clearing, despite regulatory easing
CPSS-Iosco working group ruled last week that CCPs do not have to guarantee settlement, but participants recognise the issue still has some way to run before options can be centrally cleared
Slater and Holdcroft to join Bozian in CLS exit
Deputy chief executive officer Peter Slater has resigned from CLS, while both chief executive Alan Bozian and chief legal officer James Holdcroft will also leave the firm
Abel Noser unveils new FX transaction cost analysis tool
New York-based technology vendor, Abel Noser Solutions, extends service to foreign exchange transaction cost analysis tool
Bozian to leave CLS
Alan Bozian will leave CLS at the end of April, to be replaced by Gerard Hartsink until the firm appoints a new chief executive
Credit where it's due
The launch of NDF clearing by LCH.Clearnet marks a major development for the FX market that will ultimately change the shape of the post-trade landscape
Trade repositories consider connectivity options
With multiple trade repositories appearing in a number of asset classes, including foreign exchange, market participants are considering how competing repositories should collaborate to avoid data inconsistency. Chiara Albanese reports
Sprint to the finish line for would-be Sefs
With the clock ticking ever closer towards the G-20’s end-of-2012 deadline for implementation of over-the-counter derivatives market reforms, and some of the critical details of those reforms still not fully fleshed out, the scene is set for an almighty…
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
LCH’s ForexClear gets off to a solid start in NDFs
The launch of clearing of non-deliverable forwards on LCH.Clearnet's new ForexClear platform went smoothly last week, according to participants
Spotlight on: Gavin Wells, LCH.Clearnet
The chief executive of LCH.Clearnet’s newly launched ForexClear talks to Joel Clark about the development of the platform, and his plans to expand to client clearing and new currencies later this year
Transparency of public listing will boost FXall’s growth, says Weisberg
In his first series of interviews since its IPO last month, FXall chief Phil Weisberg says the public disclosure and neutrality that results from being publicly listed will improve its public standing and growth potential
Esma must replicate US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says FX swaps and forwards must be exempt from clearing under Esma standards
Traiana paves the way to client clearing with six top banks
Harmony CCP Connect service will enable top prime brokers to offer client clearing for NDFs later this year
Esma: Identifiers key to repository success
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers
Ice throws down FX clearing gauntlet to competitors
Competition in forex clearing intensifies as LCH receives regulatory approval and Ice explains how its rival offering will differentiate itself
Forex TCA providers proliferate as buy-side demand increases
Buy-side traders are increasingly changing the way they trade and the counterparties they choose as the sophistication of execution benchmarking tools increases, say TCA providers
CCPs need to provide margin efficiency, says industry panel
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies
Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
Saxo turns in 6% income growth, despite tough Q4
Annual results for 2011 reveal a 4% fall in net profit, but Saxo claims that is due to a 12% increase in staff and admin costs to support expansion
Esma under pressure to opine on asset-class specifics in Emir
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation timeframe
BNP Paribas rolls out Cortex FX single-dealer electronic platform
The French bank today unveiled its long-awaited e-commerce platform, which replaces the white-label FX eTrader offering it launched in late 2009
FSA: facing up to cross-jurisdiction conflicts
David Lawton, head of market infrastructure and policy at the UK’s Financial Services Authority, talks to Michael Watt
MarkitServ unveils middleware connectivity service for FX clearing
New middleware tool is launched today after MarkitServ won competitive tender process with the top banks and was certified by three FX clearers