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Week Beginning 13th April 2014

BaFin Authorises Eurex Clearing Under EMIR

14th April 2014
The German national competent authority, BaFin, has approved Eurex Clearing as a clearing house in accordance with the European Market Infrastructure Regulation

Deutsche Bank Finds Inappropriate Communication With Singapore Central Bank…

14th April 2014
The Monetary Authority of Singapore (MAS) has become the second central bank to be drawn into global investigations of alleged FX manipulation

…and Considers Cutting Another 500 Investment Banking Jobs

14th April 2014
Deutsche Bank is planning to eliminate a further 500 jobs from its FX trading, bond and corporate finance units in the next few months, coinciding with a slow start to the year for its investment bank

New Zealand FX Probe Triggered By Whistleblower

14th April 2014
The New Zealand Commerce Commission says its investigation into alleged manipulation of the FX market was sparked off by a whistleblower seeking immunity under the terms of its cartel leniency policy

New Head of FX at TD Bank

14th April 2014
Michael Gibbens, head of foreign exchange at Toronto-Dominion Bank, is leaving the company

More Volume Reports Indicate Busier March; CNH Helps Reuters

14th April 2014
Average daily volume in the foreign exchange market edged up by 0.4% in March and the value of trades rose by 3.9% to $5.35 trillion, data from FX settlement system CLS shows

Asia-Pacific Buy Side Unprepared for OTC Derivatives Clearing Regulations – Report

14th April 2014
Buy side firms in the Asia-Pacific region are largely unprepared for the future complexity of OTC derivatives central clearing regulations in the region, according to research

OTC Derivatives Offer More Effective Hedging Than Exchange-Traded...

14th April 2014
The International Swaps and Derivatives Association (ISDA) has published the findings of a study which gauges the likely impact on publically traded non-financial firms if they were unable to use OTC derivatives for hedging purposes

…As Survey Highlights Collateral’s Role in OTC Markets

14th April 2014
Meanwhile, in another survey ISDA illustrates the importance of collateral in the swaps market, showing that 91% of all OTC derivatives trades were subject to collateral agreements at the end of 2013

FIA Launches SEF Tracker

14th April 2014
The Futures Industry Association (FIA) has launched SEF Tracker, a periodic report on the trading activity taking place on swap execution facilities

Integral Provides Boost to Gleneagle’s Global Prime Platform

14th April 2014
Gleneagle Securities has added additional functionality to its margin FX platform, Global Prime, by using Integral’s cloud-based service suite

TraderTools Receives Expansion Capital Boost

14th April 2014
FX trading platform provider, TraderTools, has received a follow-on investment led by Edison Ventures

Icap Adds AUD to iSwap

14th April 2014
Icap says it has added Australian dollar interest rate swap products to its i-Swap platform

On the Move

14th April 2014
Saxobank, ISDA, Contango Markets, Deutsche Bank

Tech Corner

14th April 2014
A round up of the latest technology news...

Around the World

14th April 2014
Another currency supported, more time to trade Indian derivatives and some merger activity in Canada…

And Finally...

14th April 2014
It can be difficult discussing the approach to technology at lower tier banks – not because they do anything particularly difficult, more because so many get insulted by referred to as “lower tier” or a tier with any number in it apart from “one” or “two