Options
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
Banks monitor FX options trading following Thomson Reuters withdrawal
Market-makers continue to focus on emergence of new multi-bank options platforms that will enable them to comply with new regulations
JSE to launch exotic can-do currency options
Move follows the successful launch of any-day expiry options in February
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
Basel III already raising costs for long-dated FX, argue corporates
Panellists at ACT annual conference express concerns about the knock-on effects of Basel III and OTC clearing rules
Saxo Bank rolls out options market data to web portal
Danish bank launched new service for retail investors on May 4
HSBC trio headed for Santander
Three recent departures from HSBC's FX derivatives team will all join Santander
Spotlight on: Kevin Rodgers, Deutsche Bank
Deutsche’s global head of FX spot, e-trading and derivatives talks to Joel Clark about how the bank is positioning the different elements of its FX business to satisfy the changing demands of its clients and the evolving regulations
Multi-bank options platforms: the vision versus the reality
New platforms offering multi-bank FX options trading are finding it tough to manage the manual pricing processes of banks and the complex close-out arrangements inherent in options. Farah Khalique reports
Banks raise concerns over liquidity in new FX options ventures
New York-based interdealer broker GFI Group last week completed the launch of its FX options trading platform, joining a handful of entities rolling out such platforms. Will banks provide liquidity to the new ventures? Farah Khalique reports
Securities regulators at odds over OTC shift to trading platforms
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
Citi to provide PB services to brokers on FX Bridge options platform
Citi has become the second bank to provide foreign exchange prime brokerage (PB) services and options liquidity to brokers that use the FX Bridge Pro Trader Plus platform to offer FX spot and options trading to their clients.
Digital Vega plans Sef licence to boost options platform
London-based forex technology vendor Digital Vega will attempt to benefit from new regulations by applying to become a swap execution facility (Sef), the firm has told FX Week.
Meinnel emerges at State Street to run FX options
Loic Meinnel has joined State Street Bank and Trust Company in the new position of senior managing director, head of global markets foreign exchange options for Europe, the Middle East and Africa.
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Nomura hires Roger García Bertrand as Constantinou departs
Roger García Bertrand, former head of Iberian flow rates and FX sales at Société Générale (SG), moved to Japanese bank Nomura in January to head Iberian flow rates sales.
SuperDerivatives moves to improve options pricing transparency
Client push for more transparency in pricing methodology drives vendor to add new models and publish secret source code.
Citi FX survey: Crisis prompts companies to alter counterparties, risk management approach
A Citigroup foreign exchange survey revealed that, as a result of the financial crisis, many companies have adjusted their mix of counterparties, increased their use of options relative to forwards and changed their approach to credit risk management.
South Korean regulators caution Barclays and JP Morgan on currency derivatives sales
South Korean financial regulator has issued an institutional warning to Barclays and a caution to an individual at JP Morgan for breaking local banking rules by selling inappropriate currency derivatives that are used in exporter hedging programmes
BAML launches e-FX trading platform for options
Bank of America Merrill Lynch (BAML) launched electronic FX options trading for institutional and corporate clients on its single dealer platform MLFX on Monday (December 13).
Corporates assess their hedging options
Ben Nicklin, FX structurer at Royal Bank of Scotland in London, looks at the rise of option-owning corporate hedging strategies
FXCM partners with SuperDerivatives to launch options platform
Retail aggregator FXCM is joining forces with derivatives pricing technology vendor SuperDerivatives to launch an FX options trading platform by March next year.