Day: 19 May 2014

And Finally…

It would be easy to trivialise the comments of Colin Fan, co-CEO of Deutsche Bank, who has “lost patience” with “boastful, indiscrete and vulgar” behaviour and indeed some media outlets have. The thing is though, this seems to me to be just the latest effort on the part of the bank to cleanse itself – […]

Around the World

Oanda Opens in Australia Oanda officially opened its offices in Australia last week, the local office is headed by Louis Cooper and the launch is part of what the firm says is its overall growth strategy in Asia-Pacific, a market that represented 24% of the company’s global growth in 2013. “Oanda is bucking the overall […]

On the Move

McCarthy Leaves Nomura Sam McCarthy has resigned from Nomura in London where he worked in e-FX sales for nearly five years. Prior to Nomura, McCarthy was a collateral analyst at Deutsche Bank and before that worked in eFX sales at Lehman Brothers. His future plans are not yet known. GFMA Elects New Chair and CEO […]

Eris Swap Futures Streaming Through UBS Neo

Eris Exchange has announced that live streaming prices for its swap futures contracts are now available through the UBS Neo platform. This means that UBS can facilitate central limit order book trades in Eris SwapBook, as well as block trades, and a variety of packaged trades including swap spreads, asset swaps, curve trades, and baskets […]

ISDA and FIA Europe Issue Cleared Derivatives Execution Agreement

The International Swaps and Derivatives Association (ISDA) and FIA Europe have jointly published a European Cleared Derivatives Execution Agreement for principal-to-principal client clearing. The document can be used as a template for market participants when negotiating execution agreements under English law for swaps that are intended to be cleared by central counterparties located outside of […]

Martin Brokers’ Libor Fine Cut

The Financial Conduct Authority (FCA) has fined UK-based inter-dealer brokerage firm Martin Brokers £630,000 for misconduct relating to the London Interbank Offered Rate (Libor) affair. Originally the UK regulator had intended to levy a £3.6 million fine on the broker, but the firm was able to show that it could not pay a penalty of […]

TriOptima to Verify CME SDR Data

TriOptima, has announced that it will offer data verification and portfolio reconciliation of data in CME’s Swap Data Repository (SDR). Data connectivity between CME SDR and TriOptima’s triResolve platform will enable clients of both firms to verify and reconcile cleared and non-cleared credit, rates, foreign exchange and commodities transactions submitted to CME SDR. This new […]

Icap Launches UK SEF

Icap’s UK subsidiary, Icap Global Derivatives (IGD), has officially launched having received temporary Swap Execution Facility (SEF) approval from the US Commodity Futures Trading Commission (CFTC). IGD is the first global SEF and Multilateral Trading Facility (MTF), regulated by both the CFTC and the UK Financial Conduct Authority (FCA). “The launch of IGD is an […]

CME Clearing Europe Approved for Segregation Client Protection Model

The Bank of England has approved CME Clearing Europe, a central counterparty (CCP), for the segregation client protection model with enhanced protection for all bankruptcy scenarios. This new client protection model fully segregates collateral with an external custodian at the client level. The enhanced protection it offers for all bankruptcy scenarios is expected to result […]

CFH Buys 50% of Boston Technologies

CFH Group has entered into an agreement to purchase 50% of the voting stock of Boston Technologies and Boston Prime in an all-cash transaction from Boston Technologies’ co-founder and partner, Kevin Millien. The deal is expected to close within days, pending final due diligence.  As part of the agreement, CFH Group has appointed Millien as […]