Derivs - FX

Corporates have been considering using options to hedge their FX exposure ever since the International Financial Reporting Standard 9 came into effect this year. But interest has been slower to build than some experts had expected.

The Singapore Exchange has continued a healthy streak of sign-ups to its derivatives service this year, as it added a Chinese futures trading company to its membership.

Commodity Futures Trading Commission chairman Christopher Giancarlo on Tuesday criticised the oversight regime of cryptocurrency spot transactions, saying that a “rationalised federal framework” could be more effective at ensuring the market’s integrity.

A report published by the UK House of Lords on Saturday encouraged the government to “resist” new European Commission measures to relocate systemically important clearing houses in London to EU member states.

GlobalCapital is pleased to announce the nominees for this year’s Americas Derivatives Awards.

The Chicago Mercantile Exchange Group on Wednesday said that it had seen record open interest for Eurodollar futures, at 14.5m contracts, partially attributing the move to hedging for potential Fed rate hikes.

European Union member states in the process of thrashing out legislation on central counterparty clearing house (CCP) resolution procedures have put their negotiations on ice, as the project is contingent on a separate file that is still unresolved.

Jason Manske, the chief hedging officer and head of global derivatives and liquid markets at insurance giant MetLife, has joined the International Swaps and Derivatives Association's board of directors.

Options volumes were up 11% in exchanges around the world last year, while futures were down 6.6%, according to new data unveiled by the Futures Industry Association.

Taiwan Futures Exchange (TAIFEX) on Monday released two new foreign exchange futures to cater to small and medium-sized enterprises, as the exchange pivots towards FX derivatives.

Banks tried to prevent a repeat of 2016 year-end collateral market chaos but trading choked on huge spreads again. And this time, it was for a reason unexpected: Trump.

The European Securities and Markets Authority on Thursday kept up the pressure on providers of complex retail derivatives products by announcing a short consultation on crack-down measures, including a potential ban on cryptocurrency contracts for difference.