Month: April 2012

LCH.Clearnet in Talks to Buy IDCG

LCH.Clearnet is seeking to expand its footprint in the US by striking a preliminary agreement to acquire the International Derivatives Clearing Group from Nasdaq OMX. The company, which already operates an interest rate clearing service in the US with SwapClear, says that by acquiring IDCG it would better serve buy-side market participants by offering more […]

ANZ Promotes to Strengthen Research Offerings

ANZ has made two appointments to further expand its research product offering to its global customer base. Richard Yetsenga has been appointed as head of global markets research and Li-Gang Liu has been named chief economist, China. “The research team has a central role to play in developing ANZ’s global institutional investor customer base through […]

Hong Kong Exchanges & Clearing to Launch Renminbi Futures

The internationalisation of the renminbi is gaining momentum, with bourse operator Hong Kong Exchanges and Clearing announcing it will begin trading futures on the currency. HKEx says it will launch a US dollar/renminbi contract in the third quarter to give investors a hedge against their exposure to the Chinese currency, referring to the US dollar […]

TriOptima Targets Counterparty Risk with TriBalance

TriOptima has developed and tested triBalance, a new service for the mitigation of risk concentration that emerges because credit exposure of cleared trades can no longer be netted against bilateral trades across different asset classes that are ineligible for clearing. triBalance reduces sources of contagion risk in both cleared and bilateral counterparty relationships by rebalancing […]

HSBC Launches Margin FX Trading Services

HSBC has entered the margin FX trading arena with the launch of an online service to retail traders in Hong Kong. The UK-headquartered lender, also the largest bank in Hong Kong, says the new Margin FX Trading Services platform was developed through a partnership with online currency trading company Oanda Corp. The platform provides streaming […]

And Another Thing…

I thought I would share with you some of the thoughts following last week’s Digital FX Awards, especially the odd one or two who thought fit to harangue me afterwards! I would make two general points to start with. Firstly, every single institution we saw had an excellent e-FX offering. To be very clear about […]

Deutsche Bank Hires Houston to Head FXPB in Europe

Paul Houston, the former head of FX prime brokerage at Credit Suisse, is joining Deutsche Bank as head of FX PB for Europe and head of FX OTC clearing globally, according to several market sources. While a spokesperson for Deutsche Bank declined to confirm or comment on his hire, it is understood that the European […]

And Finally…

Short and sweet, thanks in main to what purports to be the world’s favourite airline taking 33 hours to deliver me back – I know the A stands for “awful” you can fill in your own version for the “B” – I thought I would look at what seems to be a growing opinion in […]

Tech Corner

Hotspot FX recorded average daily notional FX dollar value traded in March of $58.9 billion, down 0.6% from $59.2 billion in February and up 6.6% from $55.2 billion in March 2011. The volume is double-counted as opposed to the single count convention of other platforms. Standard Chartered has partnered with Warba Bank in Kuwait to […]

On the Move

Malin Leaves Barclays Robert Malin has left Barclays in London where he was a director in eFX sales, Continental Europe. Market sources say he is heading to UBS in Zurich but this could not be confirmed by press time. Malin joined Barclays in October 2006. Before that he was a project manager, Russia and CIS […]