Options
Brakes remain on FX options clearing, despite regulatory easing
CPSS-Iosco working group ruled last week that CCPs do not have to guarantee settlement, but participants recognise the issue still has some way to run before options can be centrally cleared
FXCM and SuperDerivatives to add new pairs to options platform
Since its launch in July last year, the DCX joint venture has now attracted nine liquidity providers and plans to add new emerging market pairs
Corporates fear move to platform trading for FX options
Despite being exempt from clearing and exchange trading requirements in the US and Europe, some corporate treasurers fear they might have little choice but to execute FX options on electronic platforms
Murex wins again on risk management and options pricing
The vendor has a number of new releases lined up for 2012, including a new version of its hybrid model and a new scripting language
Short volatility strategy pays off in August
Currency managers going short volatility in August would have been top performers, benefiting from a spike in volatility towards the end of July from the dual effect of the US and European sovereign debt crisis, according to research from Royal Bank of…
RBS launches gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
Afme: From advocacy to implementation
Set up in June 2010 as the mouthpiece of the FX industry as regulators reshaped the derivatives landscape, the mandate of Afme’s global FX division is gradually changing from one of pure advocacy to one of implementation. Miriam Siers talks to the…
LCH.Clearnet reiterates commitment to FX clearing
Clearing house reaffirms its intention to launch ForexClear, which will sit alongside SwapClear and a newly expanded CDSClear service
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
State Street buys into Digital Vega
State Street stake comes weeks after Deutsche Börse bought a minority stake
Bank e-FX initiative of the year: Société Générale CIB
SG CIB scoops the e-FX initiative award for Alpha FX, a single-dealer platform it began designing two years ago and launched in late 2010
Brian Schlosser to join BAML from Citi
Options trader will report to Rob Ettinger, who joined from JP Morgan in March
FX Invest: Deeper markets, broader opportunities
The foreign exchange industry could be set for a shake-up. But with all things new come great opportunities.
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies
FXCM and SuperDerivatives to launch options platform within days
Deal-X platform will launch with three liquidity providers on July 14, to be followed soon after by SurfacExchange's Surface Wave venture
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
Banks monitor FX options trading following Thomson Reuters withdrawal
Market-makers continue to focus on emergence of new multi-bank options platforms that will enable them to comply with new regulations
JSE to launch exotic can-do currency options
Move follows the successful launch of any-day expiry options in February
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
Basel III already raising costs for long-dated FX, argue corporates
Panellists at ACT annual conference express concerns about the knock-on effects of Basel III and OTC clearing rules
Saxo Bank rolls out options market data to web portal
Danish bank launched new service for retail investors on May 4