Derivs - FX

Barclays’s former New York head of FX trading, Robert Bogucki, was charged this week with allegedly “front-running” a £6bn options trade to be executed by technology company Hewlett-Packard in 2011.

In the latest Clawback, columnist Philippe Espinasse puts the Singapore Exchange's proposal on quarterly reporting by companies under the microscope.

The European Securities and Markets Authority (ESMA) has gone public with its concerns over the fees that trade repositories charge their clients and made recommendations for change.

From February, the UK Financial Conduct Authority (FCA) might be able to ban or impose fines on anyone doing business in unregulated markets if they break codes of best practice — codes that might have been written almost anywhere or by anyone.

Two US senators have scolded the European Commission's efforts to unilaterally change agreed rules for the oversight of foreign clearing houses in the wake of Brexit, backing the toughening position of Commodity Futures Trading Commission chairman Christopher Giancarlo.

Chief executive of the International Swaps and Derivatives Association (ISDA) Scott O’Malia on Monday said that the trade body was preparing French and Irish law governed ISDA master agreements to be “ready for all eventualities” in the wake of Brexit.

ICBC Standard Bank has appointed Gary Simpson, a former HSBC banker, as chief operating officer of global markets, a newly created role.

The European Securities and Markets Authority (ESMA) on Monday issued a consultation on draft guidelines that would oblige central counterparties (CCPs) to disclose “parameters and information” on the way they calculate margin requirements for trades.

Five years after being pushed on to trading venues in the US by the Dodd-Frank Act, over-the-counter derivatives players are beating a similar path in Europe, under the Markets in Financial Instruments Directive II. Most people think MiFID II has been a worse experience, and will make it harder for small players. But efficiency gains may follow. Ross Lancaster reports.

LCH Group and pan-European exchange Euronext have revealed their completion of a share swap, in which the exchange took a 2.3% stake in LCH Group in return for an 11.1% stake in France-based clearing house LCH SA.

European Commission vice-president Valdis Dombrovskis issued a stark statement against bitcoin and cryptocurrencies before Christmas, saying they “are not really currencies” but cause “clear risks for investors and consumers”.

The Wholesale Market Brokers' Association on Wednesday announced that it had changed its name to the European Venues and Intermediaries Association, to better represent the market infrastructure its members operate.