Derivs - FX

China’s National Association of Financial Market Institutional Investors has prepared and internally approved changes to its definitions of domestic fx and interest rate swaps, which could be instituted soon, according to lawyers.

Two sizeable one touches on the euro/U.S. dollar that were due to expire Aug. 1 and Aug. 10 had their barriers hit, triggering payouts.

Credit Suisse is advising investors to purchase a one-month 0.5% out of-the-money euro put versus buying a call against a basket made up of Russian ruble, Indian rupee and Brazilian real.

John Hobin, head of fx institutional sales for fixed income, currencies and commodities at Macquarie in London, has joined online fx platform Digital Vega in a new role as head of distribution.

Credit Suisse is set to launch a two-year structured product giving investors juiced participation in U.S. dollar deprecation against the Chinese renminbi.

Two sizeable one touches on the euro/U.S. dollar due to expire Aug. 1 and Aug. 10 are putting pressure on traders to ditch butterflies on the same cross in anticipation that the barrier in the one touches is not broken.

Deutsche Bank has launched an updated fx trading platform on its Autobahn system.

Unicredit has hired Lofti Bensassi as an exotic fx options trader in London.

LCH.Clearnet’s ForexClear platform has exceeded USD50 billion in cleared notional of fx non-deliverable forwards since its launch four months ago.

Deutsche Bank is advising investors to sell three-month 8% out-of-the-money calls on the U.S. dollar against the Brazilian real and buy three-month at-the-money USD/Turkish lira puts.

Knight Capital Group has hired Ana Concejero, a former head of Latin America and Iberia capital markets at BlackRock, as managing director in listed derivative sales for Europe, the Middle East and Africa in London.

The European Securities and Markets Authority will look closer at the argument for an exemption of fx forwards from clearing requirements under the European Market Infrastructure Regulation and will discuss the issue further with U.S. regulators.