Derivs - FX

The Hong Kong Stock Exchange (HKEX) launched USDCNH options on March 20, the first currency options to trade on the exchange. Together with HKEX’s USDCNH futures contract, the new product will give investors an alternative in managing renminbi exposure.

The European Securities and Markets Authority has established memoranda of understanding under European markets infrastructure regulation with seven non-EU regulators.

A foreign institutional investor completed its first hedging transaction in the onshore FX derivatives market on March 13, following the liberalisation by the State Administration of Foreign Exchange introduced at end of February.

The US Office of Financial Research (OFR) has said central clearing in the repurchase agreement (repo) market will drive up risks to the central clearing counterparties (CCPs) involved even though there will be benefits to dealers and their clients.

NEX Group on Thursday launched an end-to-end reporting platform that will help clients navigate Europe's emerging regulatory landscape.

Resenthal Collins Group, the US futures broker and clearing company, has recruited Hilton Sheng to head a new structured products division.

The Dubai Gold and Commodities Exchange — DGCX — has accepted Trading Technologies International as an approved independent software vendor.

The State Administration of Foreign Exchange (Safe) has followed up on a promise made at the end of last year, announcing on Monday that foreign institutional investors are now allowed to enter the onshore FX derivatives market.

Deutsche Börse owned trading platform business 360T, has hired Simon Jones in a new role titled chief growth officer.

Tullett Prebon Information, the OTC price information provider, has signed an agreement to make its data available to users of Murex’s trading risk and processing solutions.

AxiomSL, the regulatory reporting, data and risk management platform solution provider and consultancy, has hired Andrew Wood as the company’s country manager for Australia.

Crédit Agricole has partnered with Orchestrade Financial Systems to upgrade its risk management systems for interest rate derivatives and forex forwards.