Commodity Futures Trading Commission (CFTC)
Isda members to qualify as swap dealers, says Gensler
All 209 primary members of the International Swaps and Derivatives Association could fall under the definition of swap dealer if they intend to do business in the US, according to Gary Gensler, chairman of the US Commodity Futures Trading Commission …
IG up despite Japan retail leverage cap
LONDON - IG Group reported a 16% rise in revenues for the third quarter, to £79 million, versus the same period last year, despite new caps on leverage for retail traders in Japan.
Scotia Capital: Focus moves back to the dollar
Scotia Capital topped the three-month currency forecast rankings this week on its prediction the euro would benefit from a shift in focus from the European sovereign debt crisis to worsening US economic data.
Retail brokers win US leverage battle
The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30).
CFTC rules increase credit risk
NEW YORK - Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
FX central clearing: A work in progress
No-one’s the wiser about the implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act on forex options. And perhaps it won’t even matter by the time the legislation becomes fully scripted.
FXCM gets technical, tops one-month table
FXCM topped FX Week's one-month forecast rankings for the first time this year by focusing on technical analysis.
Confusion over regulations continues
The new foreign exchange committee could not have come at a better time, with much confusion over the status of currency derivatives in Germany, following its government’s decision to backtrack on a proposed ban earlier last week.
Briefs 17.5.10
Read this week's Briefs section to catch up on technology news.
IG seeks US success in retail FX
IG Group is hoping to carve out a share of the US retail foreign exchange market by offering exchange-traded access to its currency-linked contracts for difference (CFDs) to local brokers.
A market for relationship managers
Relationship management has never played a stronger role in winning business - and support - than over the past year. Those dealers that have the best relationship managers seem to be rewarded with client wins, even if they aren't quite operationally…
In Brief, February 1, 2010
Brief mentions
The forex clearing debate continues
Saima Farooqi asks how likely it is that fx swaps and forwards will be swept up in the OTC derivatives reforms.
Concerns raised over CCPs
NEW YORK - Various attendees raised concerns about central clearing at Risk USA in New York - with JP Morgan's chief risk officer even pointing to it as a possible source of the next financial crisis.
Obama reform holds back on OTC derivatives
US Treasury white paper fails to provide new details on how central counterparty clearing in OTC markets would operate.