Derivs - FX

NYSE Euronext has extended the fx pairs listed on its options and futures market in Amsterdam to include GBP/USD and GBP/EUR derivatives.

The Korea Exchange is conducting research to determine which non-deliverable forward currency pairs, in addition to Korean won and U.S. dollar, the bourse’s central clearing counterparty will clear when the service starts in 2014.

Should derivatives regulation differ between provinces in Canada, then it could result in market participants having to comply with rules in more than one province and disincentivize dealers from transacting with counterparties based in Canada, according to market participants. Regulators in Canada, however, are aiming for the provincial rules to be identical.

Obtaining high-quality assets to use as collateral may be destructive to the markets in which they are being used and they’ll be costly to get hold of, according to Michael Clarke, managing director at Goldman Sachs.

The market needs to ensure greater margin efficiency for buyside firms to produce returns for their clients, while the introduction of swap execution facilities is leaving buysiders with greater risk, according to Richard Prager, board member at the International Swaps and Derivatives Association and head of global trading at BlackRock.

BNP Paribas has restructured fixed income across four global product lines and three regions to address a growth in flow activities, an increase in electronic execution, wider access to debt capital markets and regulatory changes.

Gerhard Seebacher, global co-head of fixed income, currencies and commodities trading at Bank of America Merrill Lynch in New York, is retiring from the firm at the end of the month.

One buyside investor was seen selling at-the-money straddles on sterling against the U.S. dollar, while buying 15-delta puts on the same pair.

Thomson Reuters has filed an application to the U.S. Commodity Futures Trading Commission to become a swap execution facility under Dodd-Frank, a month after the final SEF rules became effective.

The Japan Securities Clearing Corp. is looking to clear yen-denominated interest rate swaptions and could start clearing interest rate swaps denominated in other foreign currencies in 2014.

Systemically important persons that trade over-the-counter derivatives could need to register with the Hong Kong Securities and Futures Commission and comply with subsequent regulations should their OTC derivative position reach a certain threshold.

One investor was snapping up short-dated at-the-money straddles on the U.S. dollar against the yen on Monday.