TriOptima sees record FX forwards compression in 2019
The record compression activity is up 71% from last year, with triReduce CLS FX compressing $4.9 trillion in the fourth quarter alone.
Derivatives
LCH records double-digit growth for interest rate derivatives business
LCH SwapClear saw notional volumes surge 14% in 2019 to $1,229 trillion as it looks to retain the derivatives clearing market amid Brexit.
ED&F Man recruits senior JPM derivatives executive to boost new-look sales team
Gareth Roberts joins the brokerage business at ED&F Man after 15 years with JP Morgan’s listed derivatives and OTC clearing sales team.
BNP Paribas senior European derivatives sales executive departs
James Rowe joined BNP Paribas from RJ O’Brien in 2015 to lead eSales across listed derivatives in Europe.
Eurex fixed income sales and clearing deputy global head departs after 14 years
Byron Baldwin has been with Eurex in various business development roles since 2005, and will be replaced by Tim Gits.
CFTC issues ‘no-action’ letters to swaps market participants on Libor transition
Three divisions of the CFTC have issued ‘no action’ relief for firms active in the swaps market transitioning from Libor to alterative benchmark.
ESG derivatives surpass half a million contracts at Eurex
Eurex has launched ESG futures and options in Europe this year to help market participants manage challenges around sustainable investing.
FX futures reach new record at CME Group
CME Group said clients are increasingly looking for FX products to manage exposure.
360T launches FX swaps limit order book with midpoint matching
360TGTX MidMatch provides traders with the ability to electronically exchange risk at the mid, with ANZ and Commerzbank the first to use the new service.
EquiLend looks to automate total return swaps trading with new platform
The EquiLend Swaptimization platform uses a proprietary algorithm to match natural pairs in the total return swaps market.