Tag: ADS

ADS

OTC FX Options Clearing: Are Prime Services Ready?

They may both have been a long time in the pipeline, but the wait for CME and LCH’s introduction of OTC FX options clearing services is nearly over. Yet with both due to launch before the end of 2017, just how much appetite is there likely to be from the prime services sector to support these initiatives? Nicola Tavendale writes.

While there are many different ways institutions can try to reduce their capital costs, clearing is by far the most efficient, according to Paddy Boyle, head of ForexClear at LCH. And even before the advent of the uncleared margin rules, there were already significant benefits to clearing non-deliverable forwards (NDFs), both in terms of enhanced risk management and obtaining operational and capital efficiencies, he adds. “Since the uncleared margin rules were implemented in September 2016, clearing has become a much bigger priority for many firms,” Boyle says.

ADS Introduces Bitcoin CFD Trading in MENA Region

Abu Dhabi-based ADS Securities announces the introduction of bitcoin CFD trading for Middle East and North Africa (MENA) clients using its MT4 platform.
Speaking about the decision to introduce cryptocurrency at this time, Jason Hughes, global head of retail sales, says: “We will be the first brokerage in the MENA region to offer bitcoin trading. We have followed the growth of this very exciting and dynamic new trading asset, but before offering a service we wanted to really understand the market and make sure we have the right systems and protection in place for our clients.
“As with all trading, it is very important to have the financial strength and the IT processes to protect positions. ADS Securities is the right partner for clients looking to trade cryptocurrencies. They understand that our capital reserves, regulation through the UAE Central Bank and the quality of the team provides a different level of support to them,” he adds. 

ADS Announces Management Re-Shuffle

ADS Securities has announced three executive appointments at its headquarters and London offices. Marco Baggioli has been nominated executive managing director, global head of brokerage, based in Abu Dhabi. He will report into ADS CEO and vice chairman, Philippe Ghanem. Prior to this new position he had been working as chief operating officer at ADS […]