Exchanges
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
ForexClear earmarks 2016 for FX options clearing
CCP time-stamps FX options-clearing plan, albeit for the third time since 2011, as concerns remain over currency delivery
LCH.Clearnet opens account with RBA
First overseas CCP to open deposit and liquidity facility with the Reserve Bank of Australia
Esma puts NDF clearing on hold
The European regulator takes a step back from proposing a clearing obligation for NDFs in the wake of market feedback
CME looks to local banks for EM FX liquidity
Craig LeVeille, executive director for FX products at CME, talks about the company’s focus on growing emerging markets
CME rule hurts FX broker business, say participants
CME enrages brokers, who claim their once-profitable business in transitory FX EFRPs has vanished, despite the launch of a product to help offset the changes
Asia most advanced in FX clearing, according to panellists
India, China and South Korea are the most advanced economies in the clearing space, attendees hear at the 10th annual FX Week Asia conference
NDF trading mandates must be harmonised, industry warns
The CFTC-hosted roundtable discussion on NDF clearing raised the main issues currently facing industry participants
PBoC designates renminbi-clearing banks for France and Luxembourg
Bank of China and the Industrial and Commercial Bank of China to serve the offshore RMB markets of the two countries
ForexClear adds PEN to cleared currencies
Clearing house can now handle 12 currencies and more than 95% of non-deliverable forward markets
Ice's CLS service cut by JP Morgan
The Atlanta, Georgia-based exchange and clearing house has had its CLS settlement service discontinued, just like CME
Cross-margining key for RMB futures market - SGX
Cross-margining contracts across asset classes will give SGX a competitive advantage, with up to 30% margin savings, the exchange claims
CME to expand paired delivery as banks rethink third-party CLS
As banks scale back provision of CLS settlement to exchanges and CCPs
Fed official reiterates FX options-clearing guidelines
Lawrence Sweet highlights industry discussions around FX options clearing as a key component of a private-sector solution
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
CCIL-cleared forex forwards volumes double after mandate
European banks begin clearing in India, despite lack of an EU equivalency ruling
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
Moex sees record FX volumes in March
Algorithmic traders have helped the Russian exchange boost its forex volumes
Banks looking to back bitcoin with new exchange
Digital currency bitcoin is set to be launched on an NYSE-comparable exchange this year with the backing of the institutional market
CME Europe set to launch FX futures in April
After a significant delay to the launch of its flagship European exchange, CME Europe will launch next month with 30 FX futures contracts
Eurex hopes to steal march on rival CME with FX launch
After delays, Eurex may launch FX futures and options by summer
Icap sees steady NDF volume on Sef
Reported data shows Icap's Sef trading roughly $6 billion daily volume in non-deliverable forwards but other Sefs have fared less well, including Integral, with just one trade