News
Margin for longer-dated uncleared FX would be unpopular, FSA official admits
While the idea behind a maturity threshold for FX collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition
FircoSoft expands its solutions within India through its new partner Peocit
Transaction monitoring technology gains traction in India
Alpari registers in New Zealand, signalling pursuit for safe-haven markets
Retail brokers pushes out to New Zealand
FX Week Europe: Global consistency essential for FX regulation
Regulators in Europe must follow the Treasury's lead in exempting FX swaps and forwards from new regulatory requirements, argue speakers at FX Week Europe
Denmark’s Jyske Bank to roll out Progress/Caplin FX platform
Jyske Bank is implementing a new single-dealer platform for FX, based on technology developed by Progress Software and Caplin Systems
FX Week Europe: Uncleared FX not necessarily more risky, says BoE’s Cross
Proposed rules could result in relatively vanilla FX products attracting disproportionate margin and capital requirements, says BoE FX division head
Low volatility driving FX turnover down, says Bank of England FX chief
Speaking at the FX Week Europe conference, Michael Cross explains why turnover in FX spot is declining for the first time in a decade
Europe not obliged to follow US on FX exemption, warns senior MEP
The European Parliament's position on FX is that it should be included in the scope of organised trading rules under Mifid, vows Markus Ferber MEP
People moves
Roundup of the latest hires in investment management and central banks
Report blames Corzine’s strategy for MF Global collapse
Chief executive of collapsed broker at fault for risky strategy that destroyed company, House subcommittee says
FX sales manager exits Credit Suisse
The head of the premium solutions and banks team in Zurich is the latest departure from Credit Suisse's FX sales team
Foreign commodity exporters to China seek RMB settlement after US fiscal cliff fears
Foreign commodity firms operating in China are settling via RMB in order to circumvent a potential weakening of the dollar
Margin for OTC products is too high, says Pimco's De Leon
New rules would see OTC markets over-margined while futures may be under-margined. The collateral required to support OTC trading in cleared and uncleared products could have systemic implications.
Confirmation of US Treasury FX exemption brings relief to dealers
After two years of consideration, the US Treasury confirmed its decision to exempt FX swaps and forwards from mandatory clearing and exchange trading on Friday evening
DealHub tackles platform proliferation with distribution product
New hub routes pricing from banks to ECN, multibank portal, single-dealer platform, aggregator and customer APIs through a single interface
Trading places, November 19, 2012
New appointments at Turquoise and OpenLink, while Goldman Sachs sales head makes partner
CFTC should allow voice trading for Sefs, says Chilton
CFTC commissioner also hints that 15-second rule will be amended - and says final cross-border rules will include a new definition of ‘US person’
Tullett Prebon hires ex-Faros trading head
The interdealer broker is expanding its resources as it seeks to use the Chapdelaine business it acquired to build an agency desk
New FX roles under Rohrbaugh at JP Morgan
JP Morgan last month appointed a new head of spot and a new head of forwards as part of a management reshuffle under Troy Rohrbaugh
Thomson Reuters targets retail market with niche data and analytics product
Market data vendor responds to speculation that it is extending its flagship Eikon platform to retail traders
CLS adds Swedbank as a settlement member
The Swedish bank is the latest bank to become a settlement member of CLS, after Lloyds was added in September 2011
StanChart launches offshore renminbi index
Dealer launches non-tradable index to track global adoption of offshore renminbi
Citi offers liquidity to Spotware’s cTrader and cAlgo Platforms
Citi extends liquidity offer to margin trading system