Derivs - FX

Stoxx, the operator of Deutsche Börse Group's index business, has opened a new office in Hong Kong and appointed Jay Lin as head of sales for China.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2017. The results were revealed at a gala dinner at New York’s Metropolitan Club on May 25. Our thanks to all those who attended the dinner and competed for the awards.

Standard Chartered has become the first non-Chinese bank in Singapore to close a dollar-renminbi FX forward trade via the onshore China Foreign Exchange Trade System (CFETS), the firm said in a statement on Thursday.

LedgerX, the US-based trading and clearing platform, has raised $11.4m to help finance the start-up of an options exchange that will trade bitcoin and other digital currencies.

A new global code of conduct for the FX market was published in London on Thursday by a group of central banks. It calls for more “ethical” behaviour among market participants.

Sharon Bowen, one of only two sitting commissioners on the US Commodity Futures Trading Commission, has voted to advance budget proposals made by acting chairman Christopher Giancarlo, but also said the regulator was underfunded and should receive contributions from market participants.

NEX Optimisation on Tuesday announced a restructuring of its business in preparation for its new NEX Infinity platform, which uses distributed ledger technology and brings together transaction optimisation services under one roof.

On Tuesday, the Moscow Exchange (MOEX) began disseminating real-time data over China's four largest financial information vendors, Great Wisdom, Wind, East Money and Emoney.

Euronext has announced that it will acquire FastMatch, the electronic communication network (ECN) used in the spot foreign exchange market.

The European Securities and Markets Authority (ESMA) has set out which OTC derivative contracts will be treated as if 'traded on a trading venue' and subject to MiFID II and MiFIR transparency requirements, trading obligations and transaction reporting requirements.

The Commodity Futures Trading Commission has again extended no-action relief for the Shanghai Clearing House (SHCH), advocating against enforcement action for failing to register as a Derivatives Clearing Organisation (DCO).

Torstone Technology, the provider of post-trade securities and derivatives processing platforms, has hired Paul Phillips as head of European sales, and Paul Mundy as product manager, as the company plans a European expansion.