Month: June 2013

StanChart Completes First CNH Hibor IRS Fixing

Standard Chartered Bank Hong Kong has completed the first CNH Hibor fixing interest rate swap transaction. Taking place with a Hong Kong-based corporate client, the IRS is structured using the new three-month CNH Hibor fixing as the pricing benchmark over the next 12 months. The bank says, in doing so, clients have limited interest risk, […]

ISDA Publishes FpML Version 5.5

The International Swaps and Derivatives Association (ISDA) has published its latest recommendation for Financial products Markup Language (FpML) version 5.5. One of the areas with expanded coverage relates to the European reporting requirements covered by ESMA in the technical standards published last year, including coverage of listed derivatives as mandated by EMIR. The body has […]

Report Sees Greater Demand for Colo in Latam

Demand for colocation data centre facilities in the Latin American region looks likely to outstrip supply according to new research released by DCD Intelligence. The report, Latin American Colocation, concludes that there is room in the market for new entrants, especially in cities outside of the major hubs. It says that most of the countries […]

CME Reports All-Time Highs on 29 May

CME Group, has reported a record high in single-day volumes for 29 May. Volume on Globex, CME’s electronic trading platform, reached 23,537,737, up on the previous record set 9 August 2011 of 22,887,758.  Interest rate futures and options (combined) reached 19,417,635 surpassing the previous record of 17,164,758 set on February 27, 2007. The firm says […]

Cudmore Departs Commerzbank?

Mark Cudmore has left his role as head of FX hedge fund sales, according to market sources. A spokesperson at the German bank declined to comment on the departure. Cudmore joined Commerzbank in 2011 in London after serving as executive director in FX sales at Nomura, also in London (Squawkbox 4 July 2011). He joined […]

“Deeper Coordination” Required to Achieve G20 Objectives, Paper

There are a number of key areas that require “deeper coordination” of over-the-counter (OTC) derivatives regulation, in order to achieve the G20 objectives of maintaining global markets, according to a recent study. The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has released a paper which provides examples of potential regulatory conflicts […]

NLX Market Gets Regulatory Approval

Nasdaq OMX and multi-asset clearinghouse, LCH.Clearnet, have received regulatory approval for the launch of NLX, a new London-based interest rate derivatives trading platform. The New York-based equity exchange operator’s NLX platform will offer short-term interest (STIRs) and long-term interest rate (LTIRs) euro and sterling-denominated listed derivative products on a single market that will clear through […]

Hall of Fame Class of 2013 Unveiled

Last week also saw the unveiling of the 2013 Profit & Loss Hall of Fame inductees. The Hall of Fame seeks to honour and recognise people that have made a difference to this industry, this is the sixth class to be inducted. Andrew Coyne, CEO of Traiana and former head of FX prime brokerage at […]

Citi Dominates Readers’ Choice Awards

Citi had a stellar night at the Profit & Loss Readers’ Choice Awards Dinner, which was held in New York City last week, winning seven awards. The bank carried off three client segment awards in Corporates, Banks and Margin Traders, as well as the top prize for FX prime brokerage, emerging markets, order management and […]

BNY Mellon Appoints Strategy Head

Dean Sakati has been appointed to the newly created position of head of strategy and business development for securities finance within BNY Mellon’s Global Collateral Service business line. In the new role Sakati is based in Boston and reports to Mike McAuley, managing director of product and strategy for Securities Finance. Sakati was most recently […]