Clearing
Buy side continues with IM prep despite delays
Firms looking at custodian types, docs and trading strategies to optimise margin
Regulators plan to delay IM ‘big bang’ – market sources
Most see final phase of initial margin rules coming a year later, in September 2021
Best clearing services provider of the year: LCH ForexClear
LCH ForexClear voted Best clearing services provider
Big banks reproach CCP risk panels as resentment surfaces
Emotions simmer as major banks insist committees listen harder to clearing members, in wake of green light for bitcoin futures
Esma to recognise three UK clearing houses in no-deal Brexit
EU derivatives traders will gain unbroken access to UK CCPs, even with no withdrawal deal
Cboe’s Isaacson joins OCC board of directors
Chris Isaacson became chief operating officer at Cboe earlier this week
Eurex Clearing names new CRO
CCP’s risk analytics head will replace Thomas Laux in July
Best Banks Awards: LCH
LCH takes the Best FX Clearing House crown at the 2018 FX Week Best Banks Awards
Quantile adds CME to optimisation service
Quantile Technologies completes initial NDF margin-optimisation cycle with CME group
SGX’s Lam in bid to bring together two worlds
SGX set to launch FlexC FX Futures in August, with the aim of combining the best that OTC and futures have to offer
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
Awards: LCH
LCH has been voted Best Clearing Services Provider at the 2018 FX Week e-FX Awards
Awards: CME Group
CME Group has been voted the winner of two categories at the 2018 FX Week e-FX Awards
CME and LCH bet on FX options clearing
CME’s cash-settled FX options-clearing solution will vie for dominance with LCH’s deliverable clearing product
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
Maguire becomes chief executive of LCH Group
He steps into his new post immediately, following Suneel Bakhshi's decision to step down
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
London Stock Exchange Group boosts LCH stake
LCH’s activity has ballooned over the past 12 months, with its ForexClear platform clearing more than a trillion dollars’ worth of non-deliverable forward trades in August
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
BoE warns of potential disruption to clearing business for EU firms
Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
UK clearing houses could be moved to European Union
European Commission proposal comes days before divorce negotiations are set to begin between UK and EU