Eurex Clearing Expands Buy Side Sales

Nick Barnes will join Deutsche Börse Group as senior vice president for sales and relationship management on 1 March 2020, to concentrating on Eurex Clearing’s buy-side initiative. He will be based in London and report to Jonathan Lombardo, head of fixed income derivatives funding & financing sales, northern Europe. European Sales at Eurex is led […]
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SGX FX Futures See Robust Start to 2020

Singapore Exchange (SGX) reports strong January FX futures volumes. The exchange notes volume increases in both USD/CNH and USD/INR in particular. Total notional volume for FX futures during January was US$126 billion, a 17% increase from the $105 billion reported for January 2019. Meanwhile, the volume of contracts traded grew by 21%, from 1.9 million […]
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Redline Onboards 24 Exchange for NDF Trading

Redline Trading Solutions has announced today that 24 Exchange is now supported by its InRush Ticker Plant and Order Execution Gateway for its FX clients. Redline provides market data and order execution systems for automated trading, while 24 Exchange is an offshore OTC trading platform launched last year that offers NDF trading, although it plans […]
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Cboe Doubles Down on its Data-Driven Approach

Cboe is doubling down on its data-driven approach to FX matching as it looks to ramp up its NDF offering and build out its new analytics platform. Profit & Loss has previously reported on Cboe FX’s decision to change how it manages liquidity, shifting away from a qualitative approach towards a much more quantitative one. […]
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Global Exchange Traded FX Growth Anemic in 2019

The volume of exchange traded currency futures and options traded in 2019 grew just 0.2% compared to the previous year, according to new data from the Futures Industry Association (FIA). In total, 3.9 billion currency futures and options were traded on exchanges last year. This means that in percentage terms, this segment – which accounted […]
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Geopolitics Drives Record 2019 FX Volumes for SGX

SGX saw record volumes in its FX futures during 2019, which it credits to heightened trading activity due to geopolitical factors. The exchange is reporting aggregate FX volumes of $1.3 trillion for 2019, up 44% from $914 billion in 2018, with a total of 23.5 million futures contracts traded on its platform last year, a […]
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TriOptima Sees 71% Increase in FX Forwards Compression

TriOptima saw a 71% increase in the gross notional value of FX forward contracts going into the triReduce CLS FX compression service last year. This means that $9.1 trillion was eliminated from counterparties’ FX forward portfolios in 2019, a new record for the service. In Q4 alone it compressed $4.9 trillion of gross notional value, […]
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LCH Reports Record Volumes for 2019

LCH has announced that 2019 was a record year for volumes across multiple asset classes, including FX.  Over $18 trillion in notional value was cleared by ForexClear, LCH’s FX derivatives clearing service, in 2019. This represents a 5% increase from the previous year. Of this total, $60.5 billion was client cleared notional, a sixfold increase […]
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HKEX’s OTC Clear Granted Regulatory Approval in Japan

Hong Kong Exchanges and Clearing’s (HKEX) subsidiary, OTC Clearing Hong Kong (OTC Clear), has received approval to offer client clearing services to banks in Japan. OTC Clear was set up in 2013 to provide OTC derivatives central clearing services. Profit & Loss reported last year that OTC Clear had identified FX as a growth area […]
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CME Fines and Suspends Three for Indirect FX Wash Trades

CME Group has announced sanctions against three traders for indirect wash trades in FX futures on Globex. The three, Adrien Froidure, Pierre Tomatis and Charlotte Sanit-Paul, neither admit nor deny the rule violation, and they were fined $20,000 by CME and banned from direct and indirect access to any designated contract market, derivatives clearing organization, […]
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