Atlas Bank Eyes a New Model for FX Clearing

Galen Stops takes a look at how Atlas Bank is taking a new approach to prime banking and clearing processing in Latin America’s FX markets. Atlas has been around for quite some time now, and in fact has a long history in the FX industry. The group initially formed in 1994 with the launch of […]
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Union Investment Starts Trading Eurex FX Futures

European asset manager Union Investment has started trading Eurex FX futures after the firm says it saw “growing traction in the product as part of their overall FX portfolio strategy”. Eurex offers monthly and quarterly FX Futures as well as Rolling Spot Futures as a component of Deutsche Börse Group’s FX strategy. “We are now […]
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TriOptima Runs Inflation Swap Compressions

TriOptima has announced that it has completed the first cleared inflation swap compression run at LCH SwapClear. The run was completed on 19 July with euro cleared inflation swaps being compressed through the TriReduce service and the firm says it will go live with sterling and dollar cleared inflation swaps compression in LCH SwapClear “imminently”. In order to […]
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SocGen Begins Supporting Eurex FX Futures

Societe Generale (SG) is now supporting Eurex FX futures, from clearing to trading. SG’s clients will now be able to trade FX on Eurex, while any of the exchange’s clients will be able to execute bilaterally off-exchange against the bank or to move between OTC FX and listed FX using exchange for physical (EFP). Chris […]
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Atlas Bank Granted Credit Rating by Moody’s Subsidiary

Atlas Bank has been granted a BBB- rating and a stable outlook by Equilibrium, an affiliate of Moody’s Investors Service that provides credit rating services in Latin America. The bank claims that this makes it the first bank in Latin America providing clearing and settlement services to have obtained such a credit rating, which it […]
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Quintenz: CFTC Staff De Minimis Report Highlights Need for Change in Regulation

A staff report issued by the Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Overight (DSIO) has been seized upon by CFTC commission Brian Quintenz to support his argument that the use of notional amounts for the $8 billion de minimis threshold for firms to be considered Swap Dealers is misguided. Quintenz has […]
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TriOptima in Record Compression Run on Eurex

CME Group’s TriOptima says it has reduced notional outstanding at Eurex Clearing by 26% following a record compression run on June 26, 2019. The latest run, which equates to $3.9 trillion worth of cleared euro interest rate swaps (IRS) and forward rate agreements (FRAs), represents a 143% increase on the previous record of $1.6 trillion. […]
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Galinov Seeks to Lure Liquidity with Low Cost Trading

Dmitri Galinov, the founder and former CEO of FastMatch, is preparing to launch a new platform, called 24 Exchange, which he claims will offer market participants a more cost–effective way to trade with one another. “The problem that we’re trying to solve with 24 Exchange is that the cost of technology over the past decade […]
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SGX Creates New Structure, Names FICC Head

Singapore Exchange (SGX) has unveiled a new management organisation that the group says “capitalises on its strength as an international multi-asset exchange, to pursue growth opportunities and build scale in multiple asset classes”. With effect from July 1, four business and client units have been created to report to SGX CEO Loh Boon Chye – […]
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Bank of China Becomes SwapClear Member

Bank of China (UK) Limited, the firm’s UK entity, has joined LCH’s SwapClear service as its first clearing member from a Chinese banking group thus gaining access to clearing of interest rate derivatives. The bank will also act as a clearing broker, offering clearing services to its client base. In 2015, Bank of China became […]
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