Swaps
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
360T hires three for senior FX roles
Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
Cboe Sef adds more currency pairs
The platform offers NDF trading in USD/RUB and USD/PEN
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
BTIG hires Hobert as managing director of FX team
David Hobert is tasked with developing new business as the firm looks to expand its currency footprint
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
Matherne joins BNY Mellon as global head of FX forwards
Paul Matherne is the latest staffer to make the switch from Deutsche Bank to BNY Mellon
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
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
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
FIA calls on Trump for financial regulation review
Lukken says it's time to know whether the rules implemented after Dodd-Frank are fulfilling their intended purpose
Covered interest parity anomaly signals trouble ahead if volatility picks up
Since the financial crisis, a persistent breakdown of covered interest parity signalled an anomaly in the market. Over the last two years the phenomenon has accentuated and policy-makers should not dismiss its meaning, warns the BIS
CFTC charges and monitors Deutsche over swaps violations
Agency says incomplete, inaccurate data affects what is made publicly available and the data it uses to gauge systemic risk
TJM hires two for sales team
Foreign exchange intermediary firm pulls talent from Jefferies and CIBC as it embarks on FX business diversification