Markit
Buy side continues with IM prep despite delays
Firms looking at custodian types, docs and trading strategies to optimise margin
CloudMargin secures $10m to fund growth
Provider of collateral and margin management deepens relationship with IHS Markit
LCH SwapAgent processes first cross-currency basis swap
It is the first non-cleared trade to be transacted as LCH STM, SwapAgent’s settlement-to-market legal and operational framework
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
LCH SwapAgent completes first trades
Citi and Deutsche Bank executed the first trades, a Swiss franc-denominated interest rate swap and euro-denominated inflation swap
Markit expands FX team with Crooks and Singh
The two experienced foreign exchange professionals will be based in London
Tippell flits from Swift to Droit
He will oversee the firm's business development in Europe
Traiana's Hamilton heads to IHS Markit
As a managing director of business development, she is tasked with growing the firm's portfolio of FX products and services
Ruble emerges as biggest loser in BIS rankings
Offshore trading is slowly picking up, but remains half as much as pre-Crimea levels
Moscow Exchange joins Markit's FX trading network
Global firms will be on-boarded faster on Moex than via API links
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Markit rolls out FX trade-affirmation service
Banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data at a central location before it is processed
Banks move towards active compliance
Banks are taking a less passive approach and striving to spot wrongdoing early on
CLS and Markit extend FX settlement to cross-currency swaps
The currency settlement utility and global provider of financial information services join forces to tackle the growing demand for clearing solutions in the swaps market
Markit to acquire DealHub
The acquisition will enable Markit to offer customers a comprehensive FX solution
Markit launches electronic confirmation services for FX
The service matches FX option trade terms to generate legally binding confirmations, recorded centrally
Need for surveillance accelerates amid scandals
Scandals in various asset classes highlighted the need for greater surveillance on trading systems, says David Hesketh, chief operating officer of the Financial Skills Division of Markit
FX Focus - Analysing potential
Transaction cost analysis is growing in importance in the FX market, supported by healthy interest from the buy side. But FX may be playing catch-up on TCA in other asset classes for quite some time
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
Regulators to take steps on trade surveillance
Surveillance should go hand-in-hand with new benchmark regulations, says Markit’s Hesketh
FX salesman heads back to Barclays
Barry John Madden has moved back to Barclays after a short stint at National Australia Bank; other moves at Markit, SEB and the Bank of England