News/Risk Management
LCH shakes up compression vendor fee structure
Proposals follow criticism that the current regime favours TriOptima
Record launches FX guide for pensions industry
It gives pension managers insights into the risks and opportunities currencies present
Gain Capital chooses Eventus for market surveillance
The broker will use the technology provider’s Validus platform to monitor trading in its futures business
CLS settlement will migrate to new platform in 2020
The infrastructure provider will launch the new venue based on its own technology next year, with service migration planned for May 2020
CLS onboards Japanese funds
Japan-domiciled funds gain access to settlement through CLS as third-party participants for first time
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
FMSB publishes Ficc standards
The 12 core principles set out in the final standard outline expected conduct during new bond issuances
CLS rolls out monitoring tool for asset managers
Market participants gain real-time view of the trades they submit to CLS
PRA chief sends ‘Dear CEO’ letter on crypto
Regulator warns of financial and reputational risks that exposure to such assets could have on their firm
Cobalt unveils credit-management platform
Credit providers can see exposures in real time
Banco Monex becomes first Mexican member of CLS
The bank is the only CLS settlement member in one of Latin America’s largest FX trading centres
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
BoJ prepares to link settlement system with Hong Kong
The connection will provide a new pathway for Japanese banks to obtain Hong Kong dollars and cut the exchange-rate cost
CloudMargin secures $10m to fund growth
Provider of collateral and margin management deepens relationship with IHS Markit
Mitsui & Co begins settling trades through CLS
It is the first Japanese corporate to join the service via third-party access
CLS volumes hit record high in February
Pickup in participation from buy side contributes to growth in volumes
Cost of credit no longer about the end-client, panellists say
Instead, it reflects the cost of major participants taking risk amongst themselves due to margin rules
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
CLS announces major strategy shift
The settlement utility will diversify into processing and data to become a business with three major service areas
Asian corporates bullish on euro and sterling
Research by East & Partners shows a bullish case for EUR/USD and GBP/USD from business across Hong Kong, Singapore, Malaysia and the Philippines
JP Morgan clears first client NDF trade on ForexClear
The trade comes ahead of this month's widened bilateral margin rules
CLS and Traiana expand aggregation to non-CLS currencies
The service now includes offshore Chinese renminbi, Russian ruble, Turkish lira and Polish zloty