Derivs - FX

Barclays has named Mike Bagguley, its former head of macro, as the chief operating officer of its investment bank.

Interdealer broker Tullett Prebon has deepened its commitment to telephone trading by agreeing to buy the global hybrid voice broking and information business of ICAP.

Nine offshore RMB clearing banks have been given approvals from the People’s Bank of China (PBoC) to participate in China’s onshore foreign exchange derivative sector, marking another step in China's capital market liberalisation China’s capital market.

TriOptima, the over-the-counter derivatives post-trade services provider, has teamed up with FX market infrastructure firm CLS Group to complete the first compression cycle for FX forwards and swaps transactions.

BNP Paribas has hired a senior member of staff for its emerging markets business.

An unprecedented number of major financial institutions are working together on initiatives to transform trading infrastructure through the “distributed ledger” – the blockchain technology which underlies Bitcoin.

Some European companies have begun using contracts for difference — normally more associated with retail spread betting — to hedge their industrial FX exposure, as a cheaper alternative to more conventional derivatives provided by banks, writes Dan Alderson.

“O, how full of briers is this working-day world!” Rosalind’s lament in Shakespeare’s As You Like It will no doubt strike a chord with many in the financial services world. The surfeit of regulation that has rained down on the industry shows no sign of relenting and banker bashing remains as popular as bear baiting was in the time of the Bard of Avon.

After an explosive month in August, implied volatilities for many currency pairs remained subdued in the wake of the last Thursday's US Federal Open Market Committee decision to leave rates unchanged.

Trading of derivatives on the Moscow Exchange was halted for two hours this week after systems failed.

Intercontinental Exchange has appointed former UK Conservative Party leader William Hague as chairman of ICE Futures Europe, a multi-asset derivatives exchange.

Germany is set to become the first eurozone sovereign to settle its derivative transactions via central clearing, after announcing plans on Monday to become a direct clearing member of EurexOTC Clear.