FX options
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July
Corporates eye FX options as hedging tool
Treasurers are becoming increasingly interested in FX options to fights rising costs, but face a battle to implement them at their firms
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
CIBC hires senior FX options trader
20-year FX veteran David Pennell has joined CIBC after leaving JP Morgan last year
Barrier options hedging could come under scrutiny in fixing probe
The way FX traders hedge barrier options in the lead-up to expiry has been called into question by former traders at major banks
Barclays FX options director exits
Two FX options traders have left Barclays this month in New York and London, with both set to join a rival firm
Citi hires FX options director
After more than a year out of the market, Daniel Hanson has joined Citi on its Ceemea FX options desk
RBS hires global FX options head from Santander
Simon Manwaring has joined Royal Bank of Scotland in London as global head of FX options, reporting to James Pearson
SuperDerivatives wins again in options pricing and risk management
Technology vendor launched a low-cost market data product at the start of this year that has seen greater success than it initially anticipated
Thomson Reuters investments pay off with three awards
Company wins best vendor for dealing technology and best broker for emerging markets, while FXall retains best professional e-trading venue
GFI completes rise to first place in currency options
GFI Group rises from second place in last year's survey to win best broker for currency options
CCPs face $161 billion liquidity shortfall to clear FX options, GFXD finds
Results of an industry study reveal the scale of the liquidity burden that would fall on CCPs clearing physically delivered FX options – but a net settlement mechanism could reduce the number by 73%
ForexClear launches client clearing for NDFs
LCH.Clearnet has launched buy-side clearing of NDFs on its ForexClear platform, a year after it gained approval from the UK Financial Services Authority
BMO Capital hires in sales and trading
Canadian bank boosts London presence with hires in options trading and real-money sales
FX options trader exits BAML
Ceemea trader Andrew Bailey departs the bank in London
Eurex delays launch of FX derivatives
Eurex has joined CME Europe in delaying the launch of FX derivatives, with no new dates set for launch by either exchange
US Bancorp looks to build out FX options and technology
Jay Green, head of FX trading at US Bancorp in Chicago, has a mandate to expand into options after joining the bank from Morgan Stanley last year
FX options clearing a 'big challenge', warns NY Fed official
Speaking at the FX Invest West Coast conference, the New York Fed's Jeanmarie Davis addressed the challenges associated with clearing and settlement of FX options
Citadel pushes fixed-income expansion into FX
Fixed-income business heads Derek Kaufman and Richard Mazzella explain their strategy in expanding Citadel's growing fixed-income business into foreign exchange. Robert Mackenzie Smith reports
Trade reporting is driving FX options out of the US, say dealers
FX options traders looking to avoid Dodd-Frank legislation have been deliberately changing their trading habits to avoid reporting regulation
FX Week Forum: The challenges of clearing options
In the first in a series of video features addressing key themes in the global FX industry, editorial director Nick Sawyer talks to FX Week editor Joel Clark about the complex issues that have delayed central clearing of FX options
FX options veteran Martin Gymer to launch start-up
FXSales, a new agency brokerage for OTC FX options, is due to launch next month, with Gymer and Kevin Tullett as co-founders
Eurex preps launch of FX options and futures
German derivatives exchange will move into the FX market in October as it aims to compete for volume in listed futures and options
Saxo Bank adds ruble pairs to options platform
USD/RUB and EUR/RUB will be added today as the Danish bank answers increasing client demand for the ruble