CME Group
Review of 2012: April - June
FX Week looks back on the biggest stories of 2012, continuing with the second quarter. To read the original stories, click on the links in black
360T Americas chief executive departs
Philip Harris has left the FX trading platform provider after four years
Spotlight on: Mark Spanbroek, European Principal Traders Association
The EPTA’s vice-chairman and secretary-general talks to Robert Mackenzie Smith about the association’s mission to represent the interests of high-frequency traders to regulators, legislators and the market in general
CME hires senior FX trader in London
New appointee will report to Will Patrick and focus on building out the company's new London-based derivatives exchange
Ex-SocGen head trader joins Infinium
Richard Bailey, SG CIB's former head of global FX trading has joined Infinium Capital Management as head of FX options trading
CME’s new swap future uses Goldman Sachs patent
Licensing agreement could be worth up to 20% of revenues from patented contract, and is seen as an attempt by Goldman Sachs to hedge its bets as new rules threaten OTC market profits
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
Banks weigh up CCPs as clearing deadline looms
The choice of clearing house in the FX market is currently between three firms, two of which are owned by exchanges. While some suggest exchange-owned clearers might be at a disadvantage, market participants suggest the choice ultimately comes down to…
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
TraFXpure beefs up with Rutherford appointment
TraFXpure has hired Roger Rutherford and Campbell Adams to drive the new platform's strategic vision
FX Week China: Post-trade forex utilities are crucial in crisis times
CLS and FX clearing platforms are becoming a crucial part of the FX market, but they will need to co-operate closely in future, say FX Week China speakers
Rutherford bows out of CME Group
Roger Rutherford, global head of FX at CME in London, has left the exchange
All FX derivatives will be cleared by 2014, say CCPs
Senior FX clearing officials expect strong demand to clear the full FX derivatives product set - within two years
SurfacExchange expands with senior hires
SurfacExchange has recruited three senior business heads as the options platform looks to expand its global client base
CME to launch portfolio margining on interest rate swaps and futures
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
CME kicks off client clearing ahead of competitors
CME stole a march on rivals when it cleared its first NDF last week, as the Brazilian real contract was a client trade
Traiana paves the way to client clearing with six top banks
Harmony CCP Connect service will enable top prime brokers to offer client clearing for NDFs later this year
Ice throws down FX clearing gauntlet to competitors
Competition in forex clearing intensifies as LCH receives regulatory approval and Ice explains how its rival offering will differentiate itself
MarkitServ unveils middleware connectivity service for FX clearing
New middleware tool is launched today after MarkitServ won competitive tender process with the top banks and was certified by three FX clearers
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
CME gives green light to Traiana for FX clearing
Traiana's clients will now be able to clear FX derivatives directly through its Harmony CCP Connect network
Trading places, December 5, 2011
New appointments at Deutsche Bank, Barclays Capital and CME Group, while UBS chief risk officer steps down
FX Week Europe: Prepare for worst-case scenario in the eurozone
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
Battle for clearing supremacy
Singapore Exchange (SGX) became the first of the major clearers to launch an OTC Asian FX forwards clearing business in October. But with bank-backed LCH.Clearnet and the CME hot on its heels with a non-deliverable forwards offering, can SGX maintain its…