Derivs - FX

European Central Counterparty NV — EuroCCP — has become the third central counterparty for clearing services on the SIX Swiss Exchange.

The Chicago Board Options Exchange purchase of Bats Global Markets is expected to complete on February 28.

GlobalCapital is pleased to announce the shortlist of nominees for its Americas Derivatives Awards 2017, which this year includes new categories.

The skies look dark as you head off for a walk on the beach, so you buy an umbrella. If it turns out sunny, you’ll get a few smirks from people you meet. But you’re unlikely to be abused as an idiot.

Eurex has passed a $1bn notional milestone with its Euro Stoxx 50 index total return futures, which it introduced in December.

The International Swaps and Derivatives Association (ISDA) made a formal request this week to international regulators for a transitional period that will allow market participants to trade while they work to comply with looming variation margin requirements.

Deutsche Börse and the London Stock Exchange Group on Tuesday announced submissions to the European Commission for the formal divestment of the latter’s Paris clearing house, LCH Clearnet SA.

HSBC has promoted Hossein Zaimi to become global head of equities, replacing Patrick George in the role, who continues as EMEA global markets head.

Pension funds and other buy-side institutions are not prepared to meet new variation margin rules expected to come into force on March 1. And if they cannot trade, the regulation is not worth the paper it is written on, delegates heard at a conference in Luxembourg last week.

The People’s Bank of China (PBoC) went into reverse gear on Monday, weakening the dollar fix by 0.9%, China’s foreign currency reserves cling on to the $3tr level, and Shenzhen Connect sees slow but steady foreign interest.

The year started with plenty of excitement, as the RMB gained ground against the dollar in onshore and offshore markets, activity surged in RMB futures in Hong Kong, and the third batch of free trade zones (FTZ) opened for business. Plus, a recap of our coverage.

CME Group is set to introduce six currency futures with monthly expiries.