New York-based group set to develop trade repository for every other OTC asset class and has pitched for foreign exchange in partnership with Swift
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
Royal Bank of Scotland loses its global head of foreign exchange sales
Foreign exchange forwards and swaps should be cleared under Dodd-Frank despite industry reservations
Dow Jones launches index that uses currency basket to track US dollar
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that fx swaps and forwards are set to be exempt
House of the year, Americas
BNP Paribas sees surge in demand for forex volatility structures
Despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
Riding the recovery
Foreign exchange options debuted in mainland China today with a number of deals taking place. China now has an onshore market for forex forwards, forex options, forex swaps and cross-currency swap, offering market participants more hedging tools as the...
Industry's concerns starting to be reflected in legislation proposals
Asia became the largest exchange-traded derivatives contracts market for the first time last year. It now holds top spots in terms of contracts volumes for equity, metals and foreign exchange products.
The earthquake and tsunami that struck Japan on March 11 will not force a weakening of the yen, according to currency strategists focused on the region.
Barclays Capital is moving several of its foreign exchange heads into new roles as it merges two structuring entities.
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
Preparing for inflation
The deal hunters
Bank of America Merrill Lynch has conducted what is believed to be the first currency swap in China with a corporate client after Safe gave the green light for such transactions to start trading on March 1.
"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
South African investors bank on Australian dollar
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
Société Générale's latest results highlight contribution of interest rate and foreign exchange structured products.