OSTTRA completes first compression of USD/CNH cross currency swaps
The swaps were cleared through HKEX’s OTC Clear service; the firm said the expansion bolsters its position in the post-trade optimisation sphere in Asia.
The swaps were cleared through HKEX’s OTC Clear service; the firm said the expansion bolsters its position in the post-trade optimisation sphere in Asia.
New features are due to begin rolling out in mid-2025, with key upgrades set to include real-time data processing and real-time settlement instruction matching.
Incoming appointment returns to HKEX after initially serving for 15 years; previous experience includes roles at AIA Group, Goldman Sachs, UBS and PricewaterhouseCoopers.
New developments coincide with latest enhancements applicable to the Northbound Swap Connect scheme, which commence on Monday.
Current CEO announced he will not seek reappointment following the end of his contract in May next year; will be replaced by current co-chief operating officer.
The move will help increase international participation in China’s equities and fixed-income markets and increase investment and risk management opportunities in Hong Kong.
The Stock Connect development is aimed at standardising and streamlining post-trade workflows, enhancing operational efficiencies and transparency whilst reducing settlement risks.
Implementation details and official launch dates are yet to be announced by the respective stock exchanges as they move to enhance connections between China and the rest of the world.
New offering will enable mainland investors to trade Renminbi (RMB) stocks listed in Hong Kong using their onshore RMB.
Incoming hire brings over two decades’ worth of experience serving at major banks and financial institutions; previously served at BC Technology Group.