Derivatives
FX clearing to accelerate in 2016
ForexClear's Gavin Wells sees the drive towards greater capital efficiency gathering pace
Digital Vega puts efficiency at top of agenda
Efficiency, transparency and reducing costs will be the key themes in 2016, says Mark Suter
MiFid II delay gives market participants more preparation time
They should use the extra time wisely, says expert
Non-banks up the ante in Asia's FX markets
Primary providers are seeing their market share for spot and derivatives erode as corporates turn increasingly to non-banks, new research shows
For a few dollars more: Japan banks tackle dollar/yen basis jump
The dollar/yen cross-currency basis has widened nearly 50% in recent months due to a surge in demand from Japanese banks and regulatory constraints curbing supply from US dealers. With trading costs soaring, Japanese banks are turning to more exotic…
Renminbi payments double between China and Japan
But while the Chinese currency is booming, trading volumes in the wider FX market fell in November
CLS and Markit extend FX settlement to cross-currency swaps
The currency settlement utility and global provider of financial information services join forces to tackle the growing demand for clearing solutions in the swaps market
JPM and Citi stay top of Coalition's Ficc rankings
The two strongest performers in the third quarter were JP Morgan and UBS
Banks eye Traiana for EM FX netting service
Industry turns to the Icap-owned utility as CLS's emerging markets push stalls
China lets central banks use Isda agreements for FX derivatives
China allows derivatives trading based on international standard agreements for the first time; applies only to sovereign investors and FX derivatives
Digital Vega reports biggest trading day as volumes surge
Medusa, Digital Vega's multi-dealer options platform, posts 59% growth in volumes for October
Best Banks Awards: Citi wins nine awards, including top prize
Citi voted Best Bank Overall and gains eight other accolades
Best Bank for FX Post-Trade Services: RBS
Success down to focus on relationships and risk management
Best Risk Management/Options Pricing Vendor: Fenics
BGC CEO outlines commitment to the recently acquired firm
Best Banks Awards: Thomson Reuters bags three wins
Thomson Reuters wins Best Broker for EM, Forwards and Best Market Data Provider for FX
Best FX Clearing House: CME Group
Exchange and clearing house expects more clearing and growth in renminbi products
Best Bank Awards: Barclays triumphs in five categories
Barclays retains the top spot in currency options, being voted the best bank for FX by banks, FX in London, and for both GBP/USD and EUR/GBP
Best Broker for Currency Options: Tullett Prebon
While regulatory concerns were its major preoccupation this year, Tullett Prebon remains bullish on FX options
USD/CNH enters top-five traded pairs on ParFX
The offshore renminbi experiences exceptionally strong growth in September
Abide Financial applies to become trade repository
The transaction-reporting firm may become the third-largest repository by volume; it also launches an accelerated Mifid II/Mifir compliance programme from January 2017
FSB finds fault with derivatives trade reporting
Despite large volumes of trades being reported, some authorities have restricted access to data, which is often low quality; some jurisdictions are experimenting with new analysis
JP Morgan and UBS compress FX books via start-up
NYC-based LMRKTS first broke cover two years ago; the third bank participant is unknown
Chinese corporate hedging costs soar after PBoC forex clampdown
Chinese corporates looking to hedge following last month's renminbi devaluation face 400bp price hikes because of a new PBoC rule forcing dealers to hold deposits against onshore renminbi-based forex derivatives
Industry expecting Mifid II delay
September 24 deadline is likely to be missed, banks and lobbyists fear