News
CME accepts gold as trade collateral
LONDON - The clearing house of CME Group, CME Clearing, began accepting gold as collateral for trades on the exchange last Monday (October 19).
Global banks cause pricing bother in Asia
SINGAPORE - A change in foreign exchange options pricing convention by global banks is making it difficult for regional dealers to compete, according to Elliott Hann, head of sales in the data and analytics group at GFI.
Asia congress: Collateral issues crucial post-crisis
SINGAPORE - Terence Oh, head of foreign exchange prime services for the Asia-Pacific at UBS, called for better collateral management in light of the lessons learned from the global crisis, at the FX Week Asia congress in Singapore last Tuesday.
Banks switch on to EBS Prime
Market sources tell FX Week that three banks are set to go live as prime banks on Icap's EBS Spot broking platform