Derivs - FX

Chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo on Monday reemphasised his commitment to global regulators' mutual recognition of foreign clearing house (CCP) supervisory regimes, without forcing “identical implementation”.

The International Swaps and Derivatives Association (ISDA) on Thursday launched the newest iteration of its initial margin calculation model. The announcement was made a full year after the release of the original model in September 2016.

European Union member states are pushing back against the European Commission’s June 13 proposal on supervising clearing houses (CCPs), which could forcefully relocate systemically important institutions to within the EU, with questions of sovereignty and liquidity fragmentation arising.

Lewis Kaden, a former vice chairman at Citi, has taken a position on the advisory board of Baton Systems, the fintech payments processing company.

The Moscow Exchange (MOEX) this week began trading for dollar-rouble and euro-rouble fixing instruments, one day traded products that settle into official MOEX FX fixing rates.

Derivative volumes for August rose above those for August 2016 as North Korea's aggressive rocket and nuclear warhead actions increased geopolitical concerns and market volatility.

ICE Futures Singapore, the energy, metals and forex derivatives exchange owned by Intercontinental Exchange (ICE), has admitted its fifth member, SinoPac Futures, based in Taiwan.

A Depository Trust & Clearing Corporation (DTCC) and Euroclear joint venture has this week signed an access agreement with CloudMargin.

IHS Markit on Tuesday released a service for investment houses working to comply with the RTS 28 requirement of the Market in Financial Instruments Directive II (MiFID II).

Volatility took a familiar dip down this week as geopolitical uncertainty again failed to provoke lasting disruption in markets, but scepticism is growing about the lasting power of such conditions.

Uncertainty around the policy programme of US president Donald Trump is rippling out to corporate America’s hedging activity of FX and rates exposure.

The US Senate on Thursday unanimously voted to confirm Christopher Giancarlo as chairman of the US Commodity and Futures Trading Commission (CFTC), a role he has held in an acting capacity since June.