Derivs - FX

Owen Brown, a portfolio manager at Brevan Howard in New York, has left the fund within the last few weeks.

Tradition-ICAP has launched a daily volatility fixing service, Vol-Fix, which aims to provide a market data reference point to create a tradable asset class for trading volatility.

The Belgian Financial Services and Markets Authority is holding firm on reducing structured products that it considers complex despite industry opposition to the regulator’s proposal.

Traiana has extended its real-time risk management platform, Harmony CreditLink, to cover fx options.

The International Swaps & Derivatives Association is recommending that the European Commission either amend or delete two sections of the Markets in Financial Instruments Regulation that concern electronic trading and price sharing.

Hotel giant Grupo Posadas is unloading what has been described as a “very high” percentage of its fx derivatives in light of a rebound in the Mexican peso.

Exotic barrier options on the U.S. dollar/yen have had barriers triggered over recent days due to a rise in the dollar.

Half of the world’s 10 biggest banks in fx, including Citigroup and the Royal Bank of Scotland, have introduced new trading technology in the face of growing competition.

Large investment banks are responding to pressure from investors and companies to offer them a hedge in the event of a breakup of the euro.

FTSE Group has launched the FTSE Wealth Preservation Unit, a single currency unit constructed from a basket of 11 currencies and two commodities.

The European Securities and Markets Authority could still miss the end of September deadline for issuing technical standards for the European Market Infrastructure Regulation.

Standard Chartered is finalizing plans to launch a commodity trading unit in China. The launch will allow the firm to offer a greater number of hedging products as well as other additional services.