Derivatives
Cleared swaps grow 10 times faster than bilateral at HSBC
FX derivatives notionals rise $1.3 trillion (21%) to $7.6 trillion
Esma to recognise three UK clearing houses in no-deal Brexit
EU derivatives traders will gain unbroken access to UK CCPs, even with no withdrawal deal
IFRS 9 drives appetite for long-dated hedges in Asia
New accounting standard helps manage mark-to-market volatility of long-term trades
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Isda enlists tech partner in run-up to new IM rules
Body joins forces with AcadiaSoft as industry prepares for initial margin deadlines
Cross-currency swaps could hasten RFR shift in Australia
Adoption of new risk-free rate for both swap legs likely to turbo-charge wider benchmark change, say sources
Cboe’s Isaacson joins OCC board of directors
Chris Isaacson became chief operating officer at Cboe earlier this week
Brexit clouds future for Euribor and Eonia in UK
Clashing deadlines threaten to scuttle rates, but ‘in-flight files’ bill might save them
Concannon’s exit sparks management changes at Cboe
As Chris Concannon heads to MarketAxess, Cboe promotes Isaacson to COO
Lingering questions over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought by Mifid II, its overall impact is still unclear
Tokenisation: the flipside of the coin
Turning traditional assets into digitally traded data is much harder than it seems
As Brexit looms, Mifid transparency faces the chop
EU law and equivalent UK draft threaten to split and undermine trade disclosure rules
MarkitServ launches cloud-based post-trade processing platform
The firm looks to migrate FX options and spot to TradeServ in 2019
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019
BIS committee finds inadequacies in derivatives data
Challenges remain, despite significant progress, Irving Fisher Committee reports
Capitolis and Nex partner for FX novation
Capitolis Novation will be accessible through Nex Infinity and as a standalone service
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
Birchall joins LCH as head of Asia-Pacific
Kate Birchall fills the vacancy left by Marcus Robinson, who has taken a role at the clearing house in London
Lalo swaps Deutsche Bank for Avalon
Christophe Lalo was head of currency overlay services at Deutsche’s global investment solutions unit for four years
FX boosts UK derivatives values
Bank of England data for second quarter shows 33% rise in FX derivatives values at UK banks
TransFicc secures Citi investment
Connectivity provider will join US bank’s innovation lab in London
New Chinese FX crackdown to hit corporate hedging
Despite new reserve requirement, dealers say ‘maturity’ in risk management is here to stay
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion