Derivatives
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
North American FX volumes move up
Average daily volumes increase in the US and Canada, but there's some way to go before they hit 2014's numbers
Shanghai will be first CCP to clear FX options
The new service debuts in August, but liquidity risk has stalled other central counterparties
Best e-FX Software Provider: Fenics
Flexibility and a focus on Asia allows rapid expansion of client footprint
SGX readies full-year results for July
Brexit sent up FX futures volumes
US regulators favour September margin deadline
September 1 rollout threatens bilateral swap-trading chasm between EU and US
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
CME and CloudMargin offer collateral-management service
Customers will gain access to a consolidated view of their collateral inventory
Banks fear early rollout of EU margin rules for FX forwards
Industry calls on the European Commission to clarify when FX forwards will be subject to a variation margin requirement
GTX Sef receives CFTC approval
Registration go-ahead replaces temporary nod from US regulators
Navalakha joins ANZ as head of FX options trading
Mayank Navalakha exits Barclays, where he worked for 10 years
Broadridge acquires Dojima to boost derivatives clearing
Capping what Broadridge calls its "best-of-breed" offering for exchange-traded derivatives
DTCC and KRX sign memorandum of understanding
The companies express their intent to forge a successful trade-repository solution in South Korea
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
Eagle and Holmes launch agency broker Aquila Markets
Firm will focus on providing high-quality coverage and execution services for FX
Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir
Murray quits Deutsche for BNY Mellon
Piers Murray joins in a senior listed clearing role
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Rosenthal leaves Morgan Stanley
Former FX options trader is understood to be heading to Nomura
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity