EMTA facing calls from FX industry for alternative RUB fixings

Home https://ift.tt/E32I0wj Sources also concerned about Ukrainian NDF fixing, which hasn’t changed since invasion began

Capitalab co-founder quits firm

Home https://ift.tt/zj7X3eC David Bachelier leaves BCG-owned compression venture after seven years

Optiver aims to gatecrash FX options private party

Home https://ift.tt/1K9i8Ys Dutch non-bank hopes to exploit shift to electronic markets in OTC options, following record $7bn trading day

OTC nickel contracts stuck despite trading resumption

Home https://ift.tt/RbVfEqg Contracts still unable to settle using new prices, but Isda solution may solve the issue

Russian invasion stirs up ‘perfect storm’ for XVA desks

Home https://ift.tt/yLjfvaC Declining credit quality of Russian companies and spike in inflation threaten CVA and FVA double-whammy for banks

Ruble fixing conundrum sparks new debate on pricing benchmarks

Home https://ift.tt/gw3oeVN Uncertainty over Russia-linked hedges raises prospect of a replacement for Moscow Exchange fix

Currenex and LPs move to dismiss class-action lawsuit from US

Home https://ift.tt/d38EU5S Defence lawyers say XTX is trying to dodge agreements that it would settle any complaint in UK courts

Crypto industry faces ‘fork in the road’ over sanctions

Home https://ift.tt/LAquVar Bow to policy-makers’ concerns about sanctions evasion or face reputational damage, says LSEG’s Schwimmer

MSIM holds half of FX options notionals among US funds

Home https://ift.tt/FVH8NB9 Counterparty Radar: Manager tops up on USD/RMB calls to extend lead and helps Goldman into second place among dealers

Citi names Stuart Staley FX co-head

Home https://ift.tt/eQasVz3 US bank’s Asia-Pacific markets head moves to London to work alongside Itay Tuchman

Market braces itself for EBS’s great migration

Home https://ift.tt/jbHQ2st FX industry prepares for tectonic shift as venue moves to CME Globex

EBS delays migration to CME Globex following member requests

Home https://ift.tt/xpeDS8R FX dealers experiencing IT freezes or reallocation of resources have asked for more time to prepare

Pimco, Franklin Templeton affiliates top for Russia derivatives exposure

Home https://ift.tt/c95DEgq Counterparty Radar: Funds had biggest long exposures to Russia across credit, rates, FX at end of Q4

UBS recognised in seven categories at the 2021 FX Markets Best Banks Awards

Home https://ift.tt/1jq7BJ3 An unrelenting focus on client need and a hybrid approach of ‘technology with a human edge’, leveraging the tech while still relying on experienced sales and trading teams to provide advice when it is needed most, led to a haul of awards for UBS

JP Morgan, Goldman, TD surge in forwards dealer rankings

Home https://ift.tt/2yTDuBZ Counterparty Radar: Citi loses third of market share

‘Broken’ euro FX options market facing liquidity concerns

Home https://ift.tt/IQWfYhn Traders worry about market depth as surge in put buying sees risk reversals hit extremes

Market poised for further trading time reductions across ECNs

Home https://ift.tt/HLN1Rz4 As Cboe FX halves trade response times, others are expected to follow – for better or worse

Ruble NDF pricing rupture alarms traders

Home https://ift.tt/NPxrcpD Russian invasion sparks big dislocation between ruble NDF and spot markets, threatening hedges and clouding valuations

Russia sanctions throw derivatives market into disarray

Home https://ift.tt/EctS3fk Lawyers say western banks face illegality terminations; industry groups plan deliverable ruble workaround

CLS wants more members to help it boost third-party access

Home https://ift.tt/EMDo93i New members are fuelling PvP settlement growth, but utility says it will need more to maintain this

Banco Santander recognised in two categories at the 2021 FX Markets Best Banks Awards

Home https://ift.tt/93jeHOw

Settlement risk is on the rise: what can be done?

Home https://ift.tt/Scweb8y During a time of continuing uncertainty, industry participants are increasingly worried about settlement risk – a risk that has largely been ignored because of other priorities. This leaders' panel provides actionable insights on settlement risk mitigation and the best solutions available.