Derivatives
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
CME to launch weekly Wednesday FX options
The exchange already offers weekly FX options expiring on Fridays
Goldman Sachs reshuffles FX sales
Rombouts becomes co-head of corporate derivatives for Emea with Alessandro Dusi; Crook and Murciano co-head FX sales
BIS warns of $13 trillion hidden debt hole
Trillions of dollars of FX derivatives are not being accounted for when calculating the level of debt in the global economy
London Stock Exchange Group boosts LCH stake
LCH’s activity has ballooned over the past 12 months, with its ForexClear platform clearing more than a trillion dollars’ worth of non-deliverable forward trades in August
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
CME's Pandit: NDFs and FX options in focus
CME Group gears up for launch of cash-settled FX options clearing in Q4 2017, following a busy first half
FX forwards users drop EU banks over margin rule
Other dealers do not have to collect margin on physically settled forwards
Giancarlo confirmed as CFTC chairman
US Senate also confirms two commissioners
Thomson Reuters completes Mifid II desktop enhancements
The firm starts onboarding clients to its improved multilateral trading facility
Yeang leaves JP Morgan for BofAML
California-based Yeang worked at JP Morgan for nearly 17 years
CFTC to boost resources to study HFT impact
Acting CFTC chief hopes to get better analytics to discover the effects of high-frequency trading on the market
BoE warns of potential disruption to clearing business for EU firms
Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
Banks turn to synthetic derivatives to cut initial margin
Options-based instruments can halve initial margin for some non-cleared products, say dealers
Just six banks caught by phase two of IM regime
Four EU, one Japanese and one Australian bank start posting initial margin on non-cleared trades from September
Michael Davie returns to LCH to lead rates business
Davie takes over from Daniel Maguire, who became chief operating officer in April
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
FastMatch to hike rates from July
Following its $153m acquisition by Euronext, the platform has a clear path to expand into Europe and Asia
Nex launches new JPY benchmark and teams up with FFAJ
Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan
Sucden Financial launches OTC options tool for FX
Broker partners SuperDerivatives to provide clients with pricing tool and independent data