Options
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Citi hires Ceemea options trader from RBS
Citi has added Daniel Mitchell to its FX options team and made a number of hires in FX sales
Banks rethink clearing structures under CFTC pressure
CFTC rules on conflicts of interest mandate clearer separation between OTC clearing and execution, prompting some banks to restructure their operations
Banks suspend dual-currency deposit sales in Japan to re-document under new regulation
Returns on dual-currency and structured deposits will not be covered by state insurance scheme, Japanese FSA decides
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
Are currency managers adding value?
Latest edition of FX Invest now available
StanChart options duo joins ANZ
Two senior forex options traders that left Standard Chartered in July have joined ANZ in Singapore and New York
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Tail risk cheap, but few takers
The tail end?
Spotlight on: Mandy Lam, global FX division
The managing director for North America of the Global Financial Markets Association’s global FX division talks to Melanie White about the key regulatory challenges facing the FX market and FX options clearing and settlement project, which she is heading…
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Barclays hires former RBS FX sales head
Lisa Francis, Royal Bank of Scotland’s former head of FX sales for the UK and northern Europe, is due to join Barclays later this year
Brakes remain on FX options clearing, despite regulatory easing
CPSS-Iosco working group ruled last week that CCPs do not have to guarantee settlement, but participants recognise the issue still has some way to run before options can be centrally cleared
FXCM and SuperDerivatives to add new pairs to options platform
Since its launch in July last year, the DCX joint venture has now attracted nine liquidity providers and plans to add new emerging market pairs
Corporates fear move to platform trading for FX options
Despite being exempt from clearing and exchange trading requirements in the US and Europe, some corporate treasurers fear they might have little choice but to execute FX options on electronic platforms
Murex wins again on risk management and options pricing
The vendor has a number of new releases lined up for 2012, including a new version of its hybrid model and a new scripting language
Short volatility strategy pays off in August
Currency managers going short volatility in August would have been top performers, benefiting from a spike in volatility towards the end of July from the dual effect of the US and European sovereign debt crisis, according to research from Royal Bank of…
RBS launches gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
Afme: From advocacy to implementation
Set up in June 2010 as the mouthpiece of the FX industry as regulators reshaped the derivatives landscape, the mandate of Afme’s global FX division is gradually changing from one of pure advocacy to one of implementation. Miriam Siers talks to the…
LCH.Clearnet reiterates commitment to FX clearing
Clearing house reaffirms its intention to launch ForexClear, which will sit alongside SwapClear and a newly expanded CDSClear service
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
State Street buys into Digital Vega
State Street stake comes weeks after Deutsche Börse bought a minority stake
Bank e-FX initiative of the year: Société Générale CIB
SG CIB scoops the e-FX initiative award for Alpha FX, a single-dealer platform it began designing two years ago and launched in late 2010
Brian Schlosser to join BAML from Citi
Options trader will report to Rob Ettinger, who joined from JP Morgan in March