Forwards
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
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
European Commission backs FX forwards margin exemption
Need for change is “undisputed”, official says, but short-term relief expected to come via forbearance
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
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
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
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
Deutsche Bank's global head of FX forwards exits
Mark Lewis leaves after spending 12 years at the German bank
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
Euronext completes FastMatch acquisition
Exchange operator receives regulatory and anti-trust approval to continue muscling its way into FX
CME moves to build liquidity in new FX futures contracts
The firm is switching on implied functionality to link spreads and outright markets
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
EBS BrokerTec restructures; four management appointments
With a focus on seven core areas, the firm recruits Tim Cartledge as global head of FX and head of product
US Senator commends House clearing exemption for FX
The decision by the US House of Representatives in December to exempt foreign exchange swaps and forwards from mandatory clearing requirements seems sensible, said Judd Gregg, a member of the Senate Committee on Banking, Housing and Urban affairs.