Clearing and settlement
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
LCH SwapAgent completes first trades
Citi and Deutsche Bank executed the first trades, a Swiss franc-denominated interest rate swap and euro-denominated inflation swap
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
CME Group shuts down CME Europe and CME Clearing Europe
The move follows customers' preference for the exchange's US infrastructure, the group said
LSE and Deutsche Börse deal collapses
EU commissioner Margrethe Vestager blocks merger attempt over monopoly concerns
CLS signs MoU with Chinese think-tank
The FX utility will work with the National Institution for Financial Development to support the renminbi's internationalisation
Exchanges to rethink FX, plus exits in PB and NBLP to come
FXSpotStream chief executive expects a resurgence from banks next year
Clearing and decoupling of execution/credit will dominate
KCG sees growth in clearing, the Global Code of Conduct, and separation of credit and execution as big themes
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
More PBs could pull out come September, panellists say
"How far can repricing go without actually constraining and choking that entire market?" asks JP Morgan's Choussy
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
DTCC elects three to board of directors
The new members are JP Morgan's Owens, BofAML's Simpson and ED&F Man Capital Markets' Weinhoffer
CME confirms Houston as new global head of FX
The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity