Derivatives
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
LCFX rebrands as Spectra, makes four hires
FX options agency specialist Louis Capital FX changes name to Spectra FX Solutions
Corporates face paper losses from renminbi slide
An intervention by China's central bank causes unrealised corporate hedging losses
Exotic FX option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis, but in a more nuanced way
OCC reports strong first quarter for US trading revenue
Commercial banks and savings institutions see 72% increase on the last quarter of 2014
TriOptima completes first USD/KRW compression
Eleven institutions save $8.8 billion of notional
EU revisions to uncleared margin rules address industry fears
European regulators roll back contentious elements of EU uncleared margin rules, including the treatment of cash collateral and third-country corporates
MetLife head of FX joins derivatives advisory firm
Twenty-eight year FX veteran Jason Leinwand switches firms in New York
Deutsche Börse to set up Europe's first multi-asset RMB platform
German exchange group signs joint-venture deal with CFFEX and Shanghai Stock Exchange to bring trading venue to Frankfurt
FX algos revive US rates trading at UBS
Rejigged algo behind doubling of volumes – Swiss bank aims to repeat trick in swaps
Costs and regulation slow CNY derivatives growth - CFFEX
China's onshore FX derivatives market is a fraction of the size of its emerging markets peers
Cleared NDF volumes still 'tiny', but Sef share grows
Swap execution facilities gain traction in top four NDF currencies
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
USD/CHF options burn banks amid illiquid markets
Traders say dealers who lost money in last month's huge Swiss franc move are likely to have done so because liquidity evaporated, making it impossible to hedge sold options
FCA to probe possible conflicts in barrier options
The UK's Financial Conduct Authority will examine possible conflicts in the trading of foreign exchange options; some participants avoid these products in thinly traded markets
LCH rebuffs fears of NDF clearing crunch
Esma's most aggressive timeline could force more than 100 firms to clear NDFs from September 2015, with ForexClear the only currently authorised European CCP
French regulator finds market manipulation using Emir data
Europe's derivatives reporting regime needs work, but the AMF has already used the data to identify market manipulation, which is now being investigated
Consultants fear mis-selling as forex brokers discover new options
Foreign exchange brokers – which execute spot and forward currency trades with smaller businesses – are now offering options-based structures to clients in the UK. Consultants worry about the potential for mis-selling as the trades they are seeing are…
Global trade reporting ‘a mess', Sibos delegates told
DTCC and Commerzbank tell Sibos delegates that global derivatives trade reporting requires further regulatory intervention to be a success
Best swap execution facility: GFI
Markets are going through a perfect storm as regulation, a cyclical downturn and low volatility dampen activity
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
Dealers still dominate activity in complex FX instruments- BIS
Findings contrast with latest Triennial Survey flagging non-dealer market participants as key drivers of growth
Asset quality trumps hedging cost in volatile currencies
High cost of hedging out forex exposure in volatile currencies is unnecessary due to the correlation between the underlying asset and currency it is denominated in, investors believe