Derivs - FX

Ray Joseph, cio and executive director at the Office of the Special Trustee at the U.S. Department of Interior for the state of New Jersey, has joined Barclays’ as a director in investor solutions, in New York.

U.S. dollar/yen risk-reversals have sold-off abruptly, with such instruments nearing extreme levels of undervaluation. This has made USD calls/JPY puts cheap.

Institutional investors are showing interest in a novel interest rate risk premium strategy from Société Générale following the selloff in G10 rates in May and June, according to strategists at the firm.

Australian entities registered with the U.S. Commodity Futures Trading Commission as swap dealers will need to report over-the-counter derivative trade information for certain asset classes to licensed Australian repositories from Oct. 1 this year.

The U.S. Commodity Futures Trading Commission has included collective investment vehicles, including hedge funds and commodity pools, in its definition of what it considers a U.S. person in its interpretative guidance regarding the cross-border application of the swaps provisions of Title VII of Dodd-Frank.

Barclays is recommending duration-neutral 10v2 flatteners in cross-currency swaps to position for a further depreciation in the Turkish lira, which could lead to a further flattening in the CCS curve.

The U.S. and E.U. regulator deal announced today stating their mutual understanding on cross-border derivatives rules should help protect firms from overlapping regulatory requirements and increased costs.

Institutional investors have been selling short-dated vanilla options on the U.S. dollar against the yen to protect against longer-dated exotic short positions.

One investment bank has snapped up a two-month 15 delta risk-reversal on the euro against the U.S. dollar.

The Royal Bank of Scotland in Japan will retain the ability to structure hybrid structured products that reference equity and fixed income, such as dual range accruals, despite the firm’s recent announcement to move out of equity.

Hong Kong’s Legislative Council is set to debate key legislation on Wednesday that will govern the city’s mandatory over-the-counter derivative G20 commitments.

ANZ has hired Tim Moloney, an ex-senior fx salesman at Barclays in Singapore, as the global head of fx investor sales, also in Singapore.