Derivs - FX

Domestic data in China is mostly in line with market expectations. However, mild losses in equities has prompted some receiving at the shorter end of the CNY NDIRS curve, driving a bull steepening move to the belly of the curve, writes Deirdre Yeung of Total Derivatives.

The Hong Kong securities and futures commission — HKSFC — has entered into an agreement with the Australian securities and investments commission — ASIC — to establish a framework for cooperation on fintech.

The European Commission on Tuesday sent the strongest signal yet that continental politicians will work to wrestle euro clearing activity away from the UK as its exits the European Union.

The International Swaps and Derivatives Association (ISDA) has advised European Commission officials against legislating to relocate the clearing of euro denominated products to the Eurozone.

London based clearing house LCH on Monday announced it had appointed Michael Davie to the position of global head of rates.

The major derivative exchanges' May volume figures have shown increased activity despite low volatility across markets, with European exchanges posting higher activity than their US counterparts.

Intercontinental Exchange chief Jeffrey Sprecher on Tuesday compared the shutting down of the Chicago Mercantile Exchange's (CME) clearing and exchange operation in London to a "canary in a coalmine" as the UK's European Union exit draws closer.

A global collaborative effort by financial services companies to streamline negotiation of ISDA Master Agreements has seemingly reaped its rewards, as the companies involved announced on Thursday that a prototype version had been successfully tested.

In this week’s round-up, the Hong Kong Exchange’s USDCNH futures record their second best trading volume on Wednesday, renminbi deposits in Hong Kong increase by 4.1% in April, and China and Germany agree to co-operate on trade and finance.

NEX Group has appointed Samantha Wren as its group chief financial officer after Stuart Bridges decided to leave the company.

Euronext has appointed Alain Courbebaisse as chief information and technology officer as it nears the introduction of its Optiq trading platform.

The International Swaps and Derivatives Association (ISDA) today announced that Ulrich Karl has joined the organisation as head of clearing services.