Clearing and settlement
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
CME Group shuts down CME Europe and CME Clearing Europe
The move follows customers' preference for the exchange's US infrastructure, the group said
LSE and Deutsche Börse deal collapses
EU commissioner Margrethe Vestager blocks merger attempt over monopoly concerns
CLS signs MoU with Chinese think-tank
The FX utility will work with the National Institution for Financial Development to support the renminbi's internationalisation
Exchanges to rethink FX, plus exits in PB and NBLP to come
FXSpotStream chief executive expects a resurgence from banks next year
Clearing and decoupling of execution/credit will dominate
KCG sees growth in clearing, the Global Code of Conduct, and separation of credit and execution as big themes
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
More PBs could pull out come September, panellists say
"How far can repricing go without actually constraining and choking that entire market?" asks JP Morgan's Choussy
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
DTCC elects three to board of directors
The new members are JP Morgan's Owens, BofAML's Simpson and ED&F Man Capital Markets' Weinhoffer
CME confirms Houston as new global head of FX
The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Houston understood to be seeking exchange role
Deutsche Bank's former FXPB head is believed to be eyeing a senior role at a major exchange
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
Samsung Securities gains third-party access to CLS
The securities company is the first non-bank financial institution to join CLS in South Korea
BofAML becomes first non-resident clearing bank on Moscow Exchange
The US bank is due to begin clearing activities this month
The theme for 2016 is China, China and China
China and India are the real opportunities until 2020, says R5FX