Derivs - FX

GlobalCapital is delighted to announce the winners of its 2018 Global derivatives awards, which were unveiled at the Jumeirah Carlton Tower in London on Tuesday September 25.

For its innovation in markets including FX options and non-deliverable interest rate swaps, stellar performance and growth and an approach that seems to put the customer first, LCH is GlobalCapital’s Derivatives Clearing House of the Year.

For its continued rapid growth and surging volumes across all asset classes, for its continued investments in technology and people and for its public stands on making markets fairer, XTX Markets is GlobalCapital’s Specialist Liquidity Provider of the Year.

For its work with ISDA on major projects including Libor replacement and margin requirements, which have given the firm a leading edge in advising clients, and for its global presence bolstered by US expansion, Linklaters is GlobalCapital’s Global Law Firm of the Year.

Representatives from all corners of the derivatives industry will tonight gather at the Jumeirah Carlton Tower in London to celebrate the winners of the GlobalCapital Global Derivatives Awards.

Kate Birchall, the former head of portfolio optimisation and collateral at National Australia Bank, has been chosen by LCH to lead the Asia Pacific operations of its London-based clearing house LCH Limited.

Cryptocurrencies have not had a great year. Total market capitalisation of the sector is down 75% from the highs of January, falling roughly in line with what the bears predicted. But that hasn’t seemed to slow institutions’ attempts to get involved.

BNP Paribas has added new blood to its Prime Solutions and Financing (PS&F) division with two hires in its New York office.

BNP Paribas has hired Baris Temelkuran as global head of G10 FX options trading.

David Puth, the CEO of FX settlement firm CLS, will step down from his position at the end of this month.

Derivatives clearing specialists were left scrambling for information this week as lone Norwegian trader Einar Aas defaulted on his Nordic and German power portfolio, creating a €107m hole in Nasdaq Clearing's €166m Commodity Member Default Fund.

Autorité des Marchés Financiers, the French markets regulator, has reemphasised the importance of a Europe-wide ban on binary options and restriction on contracts for difference.