Derivs - FX

The US Commodity Futures Trading Commission this week approved foreign boards of trade applications (FBOT) from European derivatives exchanges despite opposition from commissioner Brian Quintenz.

CLS has appointed Deborah Hrvatin, a former global head at Citigroup, as its chief risk officer.

EBS, the FX electronic trading platform, announced the execution of its first African non-deliverable forward (NDF) on a central limit order book platform on Monday.

CME Group has reported a strong set of third quarter results, with double digit growth in the trading of rates, equity and commodity products.

The US Commodity Futures Trading Commission is setting up a new subcommittee in a bid to resolve concerns around margin requirements for non-cleared swaps.

A group of the world’s biggest buy-side and sell-side firms issued a collective call to action on Thursday, calling on regulators to make clearing houses (CCPs) more resilient and improve the way the market deals with their failures.

BGC Partners has reported a third-quarter loss amid rising expenses, higher investment and currency headwinds.

Eurex Clearing has cleared its first cross-currency swap transactions, with JP Morgan and Morgan Stanley the first counterparties to use its OTC FX clearing service.

The European Securities and Markets Authority (ESMA) has called for improvement in national regulators’ supervision of derivatives data.

LCH has expanded its deliverable FX offering, claiming to be the first central clearing counterparty to offer clearing on FX forwards.

The Financial Stability Board’s (FSB) annual progress report, published on Tuesday, shows that during the last year there has been little progress in implementing agreed G20 reforms to over-the-counter (OTC) derivatives.

CME Group has reported record quarterly derivatives volumes in the Asia Pacific region along with an upturn in global trading volumes.