HKEX chooses Traiana for central clearing connectivity of FX deliverables
Market participants can access HKEX’s OTC Clear service for FX forward and swaps via Traiana’s CCP Connect.
Derivatives
Preparation already underway for next rounds of initial margin rules
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
CME’s TriOptima launches initial margin calculation tool
triCalculate IM analytics will support firms that are in-scope for phase four and five of the initial margin requirements.
Former derivatives head at Credit Suisse to lead sales at OpenGamma
Stephen Plestis will head up sales for OpenGamma, after building the EMEA derivatives sales team at Credit Suisse for the past 14 years.
Exane BNP Paribas and buy-side arm look to reduce costs with SimCorp
Exane Derivatives and Ellipsis Asset Management have implemented SimCorp Dimension for front, middle and back-office management.
Charles River bolsters collateral management processes with AcadiaSoft
Margin calls and collateral estimates have been automated on the Charles River IMS with the help of AcadiaSoft.
Two percent of firms have renegotiated Libor-based contracts ahead of 2021 deadline
Concerns have been raised as survey finds 83% of firms are yet to begin renegotiating Libor-based contracts, as the benchmark’s withdrawal takes effect in 2021.
LCH SwapAgent and TriOptima compress first cross-currency swaps
LCH SwapAgent has said that €4.5 billion in notional of trades were compressed via TriOptima’s triReduce service.
Cboe names derivatives business leaders with new hires from Goldman and DRW Trading
Arianne Criqui joins Cboe from Goldman Sachs, and Rob Hocking joins from DRW Trading, while Matt McFarland is promoted to head of futures at Cboe Futures Exchange.
Eurex adds Flow Traders as FX derivatives liquidity provider
Flow Traders will provide liquidity for the Eurex FX futures and rolling spot FX futures products.