Derivs - FX

Despite huge political headwinds and stiff competition, LCH still dominates European clearing, both in the volumes it processes and the innovation and new product development that it continuously commits to, making it GlobalCapital’s Clearing House of the Year.

GlobalCapital is pleased to announce the winners of this year’s Global Derivatives Awards. The winners were unveiled at a gala dinner at the Banking Hall in London on Wednesday night.

US Commodity Futures Trading Commission chairman Heath Tarbert has followed in the footsteps of his predecessor, Christopher Giancarlo, in issuing a strong warning on the European Union’s EMIR 2.2 rules.

Société Générale, in partnership with philanthropy facilitator Epic, has begun a new solidarity financing initiative that will integrate with treasurers' FX hedging operations.

Trading turnover of FX swaps has increased by more than a third to $3.3tr a day during the past three years, outpacing growth in spot markets, according to the Bank of International Settlements’ triennial survey of the global FX market, released this week.

The Federal Deposit Insurance Corporation (FDIC) has proposed to ease derivatives rules for US banks, including swap margin requirements.

The Democrat side of the US Commodity Futures Trading Commission has come out swinging against agreed changes to the Volcker rule.

The over-the-counter derivatives market is one of the last areas still barely touched by the wave of interest in environmental and social issues that is sweeping financial markets. But below the surface, derivatives players want to get involved. That was highlighted publicly on September 5 when Enel, the Italian power and gas group, engaged with Société Générale in what it called “the world’s first Sustainable Development Goal-linked cross-currency swap”.

Hong Kong Exchanges and Clearing (HKEX) suspended trading in its derivatives market on Thursday amid connectivity issues.

TP ICAP has named Amir Zaidi, a respected former senior figure at the US Commodity Futures Trading Commission (CFTC), as its global head of compliance.

Hong Kong Exchanges and Clearing is planning to launch Indian rupee currency futures in the fourth quarter of this year.

The Financial Stability Board has appointed Ryozo Himino as chair of its standing committee on supervisory and regulatory cooperation.