Derivs - FX

Tradeweb Markets, the provider of OTC derivatives trading platforms, has signed up a number of big banks to its Approved Publication Arrangement service, it said on Monday.

Another year, another ISDA conference. But this wasn’t just any other year. With variation margin requirements in the rearview mirror, MiFID II looming in 2018 and the question of London euro clearing troubling many, the trade body had a lot of questions to tackle in just two packed days of panels and speeches.

The Financial Futures Association of Japan has mandated NEX Data to create foreign exchange margin ratios for 170 currency pairs on a daily basis.

Clare Francis, head of global corporates at Lloyds, is to leave the UK firm.

Hotspot, a CBOE company, has conducted the first outright deliverable forward FX deal over its network and is also about to allow non-deliverable forwards for listing on its swap execution facility.

The European Commission hardened its stance on a clearing exemption for pension funds on Thursday as the final version of a proposed piece of legislation reduced the potential scope of the grace period to five years.

Volume figures released by major derivative exchanges for the month of April showed increased activity, with interest rate products continuing to drive trading activity.

The Association of National Numbering Agencies (ANNA) has issued a second consultation paper on the fees payable for its Derivatives Service Bureau after it introduced ISIN numbers for over-the-counter derivatives.

TriOptima has added a margin valuation adjustment (MVA) analytics service to its triCalculate platform.

European regulators are finally on the road to creating suspension mechanisms similar to those used in the US, an evolution that should not stop at clearing.

LCH has established deposit and intraday liquidity facilities with Norges Bank, the central bank of Norway, meaning it now has central bank accounts for six currencies.

Global variation margin requirements have not created chaos in the market, but collateral is emerging as a battleground, with some dealers using the regulation as an excuse to tighten terms.