Articles by Joel Clark
Asia Fic trading head exits Commerzbank
Paul Durrant, head of fixed-income trading for Asia, has left the German bank in Singapore
Deconstructing the Sef ‘car crash'
With days to go until approved swap execution facilities are set to open for business, the CFTC would do well to heed some of the warnings it is hearing from the industry
CLS same-day settlement 'positive' for CAD market, says FX committee chair
Canadian FX committee chair Donna Howard welcomes launch of same-day settlement through CLS for USD/CAD, but acknowledges associated challenges
CLS launches settlement for same-day USD/CAD trades
Settlement risk mitigation firm is due to launch a new settlement session this week for the trades settled on a same-day basis
Dollar strength to drive FX markets into 2014, says Lloyds
An expectation that the dollar's strength would be modest in the short term lands Lloyds Bank at the top of the one-month rankings, but the bank expects significant strengthening next year
FX options head exits Santander
Simon Manwaring has left Santander after a two-year stint and is expected to join a rival bank in a similar role
RBS reshuffles Emea FX sales management
Toby Cole and Robert Godber are promoted to head institutional FX sales in Emea, following recent departures
Mako FX hires Simon Jones to drive platform growth
Citi's former e-FX trading chief has joined spot platform Mako FX as managing partner, with a mandate to focus on innovation and volume growth
Pressure mounts on CFTC for relief on Sef rules
CFTC is being lobbied to grant relief on the contentious Footnote 88, which requires platforms to register as Sefs even if the products they offer are not yet made available to trade
Faulkner exits Integral
EBS veteran David Faulkner has left Integral just four months after joining as global segment head for banks
'Good v. bad' is overplayed in EM currencies, indicates BNPP quant model
BNP Paribas has recently extended its quantitative fair value model from G-10 to EM currencies - and it has found some assumptions about strong and weak currencies may be unfounded
FX Week Forum: The challenges of clearing options
In the first in a series of video features addressing key themes in the global FX industry, editorial director Nick Sawyer talks to FX Week editor Joel Clark about the complex issues that have delayed central clearing of FX options
FX swaps and forwards off initial margin hook
Working Group on Margining Requirements has confirmed the exemption of FX swaps and forwards from initial margin, as well as a more restricted exemption for cross-currency swaps
Three down at SG CIB in London
Diana Kiluta Amoa, Benoit Duhil de Benaze and Yassine Rhalib have all left their roles at Société Générale Corporate and Investment Banking
UBS hires in emerging markets spot FX
Heinrich Putter, formerly of Credit Suisse, has joined UBS in Zurich
Striking a balance on pricing
FX platform pricing models have come under fire, with calls to reduce or abandon fixed costs, but how should platforms seek to get the balance right?
WGMR exemption for FX swaps and forwards expected imminently
Final rules on margin requirements for non-centrally cleared derivatives are expected within weeks, including a long-awaited exemption for FX swaps and forwards
Thomson Reuters acquires start-up options technology vendor
SigmaGenix, a London-based provider of FX options technology, has been acquired by Thomson Reuters and its chief executive Jeremy Gelber becomes global head of FX options
360T makes senior hire to lead FX options
Expansion of 360T's US presence continues with the appointment of Glenn Rosenberg as global product manager for FX options, based in New York
VTB Capital hires Tripathi to head FX derivatives
Experienced FX options trader, most recently at UBS in Singapore, has joined the Russian bank to run its FX derivatives business
Thomson Reuters reduces price granularity in three currencies
Mexican peso, South African rand and Russian ruble are now priced at a minimum tick size of five pips rather than single pips, taking Thomson Reuters Matching a step further away from decimalisation
CLS to open Hong Kong office in bid for Asia expansion
Asia operation will open on August 20 under the leadership of Rachael Hoey, who relocates from London to become head of CLS Asia
UBS makes senior appointment in FX prime brokerage
Andrew Rosoman started at UBS today, having joined from rival Credit Suisse
Relationship management head to leave CLS
Steve Scully is leaving CLS in New York, where he had worked since 2010, and will join ParFX