CME Group
Diverging regulation greatest threat to FX market, say clearers
Speakers from LCH.Clearnet and CME Group at Bloomberg event say differences in regulatory approaches in the US and EU are the biggest threat to growth in FX
EBS hires Richard Kerschner from CLS
Kerschner, who had been at CLS since 2010, takes on the same role – chief corporate development officer – at EBS
Retail volumes bounce back at FXCM; active traders drive up volumes at FXall
Margin foreign exchange broker sees a reversal of fortunes, while active traders drive up volumes at FXall
US National Futures Association adopts recommendations from an independent analysis of NFA's Peregrine Financial Group audits
Futures industry regulator to roll out new procedures to tighten scrutiny of futures brokers following report
Exchanges poised for further volume growth in FX
Both exchanges and ECNs have reported an uptick in FX trading volumes in January, but some suggest exchanges might be the biggest winners as activity rises in forex futures and options
CME reports four days of record open interest in yen
Investors continue to pile into yen options to capture gains from further yen weakness
Bank of China (Hong Kong) designated as market maker for CME USD/CNH futures
Market maker named for CME offshore Chinese yuan futures set for launch in February
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
Exchanges converge on INR/USD futures to boost Indian rupee
This month's launch of Indian rupee futures on CME and Ice has been welcomed by traders as an important step in boosting liquidity in the currency
Mexican peso futures trading up 24% on CME
Following an 8% rally against the US dollar last year, CME's Craig LaVeille says the unit should continue to provide trading opportunities in 2013
DTCC threatens lawsuit over CME SDR plan
The Depository Trust & Clearing Corporation could take legal action to stop a proposed rule that would force CME clearing customers to report to its own SDR
Review of 2012: April - June
FX Week looks back on the biggest stories of 2012, continuing with the second quarter. To read the original stories, click on the links in black
360T Americas chief executive departs
Philip Harris has left the FX trading platform provider after four years
Spotlight on: Mark Spanbroek, European Principal Traders Association
The EPTA’s vice-chairman and secretary-general talks to Robert Mackenzie Smith about the association’s mission to represent the interests of high-frequency traders to regulators, legislators and the market in general
CME hires senior FX trader in London
New appointee will report to Will Patrick and focus on building out the company's new London-based derivatives exchange
Ex-SocGen head trader joins Infinium
Richard Bailey, SG CIB's former head of global FX trading has joined Infinium Capital Management as head of FX options trading
CME’s new swap future uses Goldman Sachs patent
Licensing agreement could be worth up to 20% of revenues from patented contract, and is seen as an attempt by Goldman Sachs to hedge its bets as new rules threaten OTC market profits
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
Banks weigh up CCPs as clearing deadline looms
The choice of clearing house in the FX market is currently between three firms, two of which are owned by exchanges. While some suggest exchange-owned clearers might be at a disadvantage, market participants suggest the choice ultimately comes down to…
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
TraFXpure beefs up with Rutherford appointment
TraFXpure has hired Roger Rutherford and Campbell Adams to drive the new platform's strategic vision
FX Week China: Post-trade forex utilities are crucial in crisis times
CLS and FX clearing platforms are becoming a crucial part of the FX market, but they will need to co-operate closely in future, say FX Week China speakers
Rutherford bows out of CME Group
Roger Rutherford, global head of FX at CME in London, has left the exchange
All FX derivatives will be cleared by 2014, say CCPs
Senior FX clearing officials expect strong demand to clear the full FX derivatives product set - within two years