Options
Best e-FX Software Provider: Fenics
Flexibility and a focus on Asia allows rapid expansion of client footprint
TJM hires two for sales team
Foreign exchange intermediary firm pulls talent from Jefferies and CIBC as it embarks on FX business diversification
Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
Broadridge acquires Dojima to boost derivatives clearing
Capping what Broadridge calls its "best-of-breed" offering for exchange-traded derivatives
Broadridge allies with TTC to improve futures solutions
Futures and options remain a growth area for the firm
Portware hires Chris Sorensen as FX product manager
His appointment boosts the firm's expanding FX team, which provides global multi-asset execution for top asset managers
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
FX options clearing gains momentum
Discussions on a clearing mechanism for FX options are finally underway
Digital Vega to add spot to Medusa options platform
FX options platform to add spot trading functionality this week in response to client demand, assisted by State Street-owned Currenex platform
GFI Fenics repositions FX options platform as it targets Sef licence
Two years after it was launched, Fenics Trader is to be renamed GFI Direct and operated directly as a GFI subsidiary – a move intended to support its bid for Sef status
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader
Credit Suisse EMFX options head to join Jefferies
Jefferies Bache has hired a senior trader from Credit Suisse to expand its FX options business in London
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Citi hires Ceemea options trader from RBS
Citi has added Daniel Mitchell to its FX options team and made a number of hires in FX sales
Banks rethink clearing structures under CFTC pressure
CFTC rules on conflicts of interest mandate clearer separation between OTC clearing and execution, prompting some banks to restructure their operations
Banks suspend dual-currency deposit sales in Japan to re-document under new regulation
Returns on dual-currency and structured deposits will not be covered by state insurance scheme, Japanese FSA decides
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
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StanChart options duo joins ANZ
Two senior forex options traders that left Standard Chartered in July have joined ANZ in Singapore and New York
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Tail risk cheap, but few takers
Market dislocation has created attractive tail risk hedging opportunities, but demand is failing to take off, writes Joti Mangat
Spotlight on: Mandy Lam, global FX division
The managing director for North America of the Global Financial Markets Association’s global FX division talks to Melanie White about the key regulatory challenges facing the FX market and FX options clearing and settlement project, which she is heading…
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Barclays hires former RBS FX sales head
Lisa Francis, Royal Bank of Scotland’s former head of FX sales for the UK and northern Europe, is due to join Barclays later this year