Articles by Joel Clark
Esma must replicate US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says FX swaps and forwards must be exempt from clearing under Esma standards
Traiana paves the way to client clearing with six top banks
Harmony CCP Connect service will enable top prime brokers to offer client clearing for NDFs later this year
Ice throws down FX clearing gauntlet to competitors
Competition in forex clearing intensifies as LCH receives regulatory approval and Ice explains how its rival offering will differentiate itself
Curran departs hedge fund sales head role at Nomura
Cost-cutting measures at Nomura hit forex sales and structuring, claiming Louis Curran, Mark Stafford and Peter Larsson
Guillaume Huteau joins BAML
Credit Suisse's former head of local markets FX options trading started at Bank of America Merrill Lynch yesterday
Gil Mandelzis to replace Rutter as EBS chief
David Rutter is to leave Icap, as the interdealer broker restructures its electronic broking business
BNP Paribas rolls out Cortex FX single-dealer electronic platform
The French bank today unveiled its long-awaited e-commerce platform, which replaces the white-label FX eTrader offering it launched in late 2009
The perils of one-size-fits-all
Regulators need to come up with a calibrated approach to calculating collateral requirements for uncleared derivatives, writes Joel Clark
FX Invest Europe: Banks are retreating from market-making, managers warn
FX investment has become more challenging, as market-making banks facing new regulation have become less willing to take risk
FX Invest Europe: Developed market currencies still important despite EM buzz
The recovery of major economies will be crucial to the profitability of FX markets, despite the greater returns to be generated from emerging market currencies, according to conference speakers
Margin rules for uncleared FX rest with regulatory working groups
Regulators must adopt a calibrated approach to mandated collateral so that short-dated FX swaps and forwards are not caught up in the rules unnecessarily, argue market participants
Exploit relative-value opportunities in EM currencies, says Investec
Turkish lira versus the Israeli shekel is a favourite relative-value play for Thanos Papasavvas, fixed-income and currency strategist at Investec Asset Management
Buy the Indian rupee, says State Street Global Advisors
Having been bearish on the rupee for several years, the firm's head of currency management has become more positive in recent months, and now rates the currency as a top EM bet
Saxo takes mobile trading to new heights
Danish bank engineers the execution of a eurodollar trade on a mobile device during a base jump, as part of a new advertising campaign
360T secures new investment
Summit Partners is to take a majority stake in the Frankfurt-based trading platform provider
Tradeweb joins multibank FX options fray
The launch of Tradeweb’s multibank platform for FX options puts the vendor into competition with a host of other new platforms
SocGen’s ex-FX trading head calls for apology over unfair dismissal
Didier Meyer, who along with Eric Leandri was cleared of allegations of unauthorised trading earlier this week, is disappointed by SG’s failure to apologise for unfair dismissal
LCH’s ForexClear awaits regulatory approval
FX clearing platform for NDFs is ready for launch, pending regulatory approval, LCH.Clearnet confirmed in its annual report today
Lloyds promotes Adam to head FX structuring
Jeremy Adam began his new role last month, having first joined Lloyds from Barclays Capital in October 2010
Greatest risk of regulatory arbitrage is for non-cleared FX, says Esma's chair
Bilateral collateralisation might not be applied to FX swaps and forwards under the Dodd-Frank Act, but will be applied in the European Union, says Steven Maijoor
Spotlight on: Damian Glendinning, Lenovo
The Chinese PC manufacturer’s group treasurer talks to Joel Clark about his role in setting up a global treasury function when Lenovo bought IBM’s PC business in 2005, and explains his belief that FX risk management should be kept as simple and…
Welsh and O’Sullivan head FX at Jefferies
Ben Welsh heads FX in New York, with Dan O'Sullivan as head of FX trading
Ben Homsy departs JP Morgan
Head of European hedge fund sales is relocating from London to Canada for personal reasons
Acquisition of Thomson Reuters risk business closes
Kondor+ product suite will now be known as Turaz, and will be 100% owned by Vista Equity Partners, with Bret Bolin as president and chief executive