Derivs - FX

Bank Negara Malaysia has announced a number of measures to spur growth of the domestic interest-rate derivatives and fx markets.

ICAP is planning to offer Indian rupee-denominated fx swap and G10 spot forward electronic execution services to the domestic Indian market later this year.

FX Concepts plans to increase the use of fx options in its currency overlay program, Ron DiRusso, portfolio manager in New York, told DI in an interview.

Japan’s first annual trade deficit since 1980 has sparked a flurry of fx option trading taking the view the U.S. dollar will appreciate against the yen over the short- and long-term.

A memo from Credit Suisse CEO Brady Dougan yesterday setting out alternative ways of paying a proportion of employee bonuses through a derivative-backed structured note had pulses racing among some in the investment banking community by the evening.

The U.S. Court of Appeals for the District of Columbia has dismissed a lawsuit filed by the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association challenging regulations adopted by the U.S. Commodity Futures Trading Commission, ruling that the action needs to first be heard by a lower court.

The Deposit Trust & Clearing Corp. said it is planning to launch its fx data repository in the second quarter.

Demand for investment ideas referencing offshore Chinese renminbi has tapered as volatility has fallen and outlook for appreciation against the U.S. dollar has waned, David Naville, managing director and head of fx structuring Asia Pacific at Barclays Capital in Hong Kong, told DI in an in-depth interview

UBS has launched a partial capital protected structured product linked to the Brazilian real, Turkish lira and Indian rupee against the euro.

There is an “electronic arms race” going on amongst global banks, says Jeff Feig, global head of g10 fx at Citigroup in New York.

End users should buy a U.S. dollar, Australian dollar at-the-money put with a three-month tenor and a strike below parity after Chinese New Year.

The U.S. retail fx industry is slowing down, with the number of non-discretionary retail fx accounts held with U.S. brokers in the fourth quarter at their lowest level since the third quarter of 2010.