Derivatives
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
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
Shah leaves exotic options role at Goldman Sachs
Nikki Shah is believed to have left the industry
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption