Derivs - FX

Online trading specialist Saxo Bank has debuted ForexTrading.com, an fx trading platform for retail investors.

Thomson Reuters has announced that it is leaving the fx options matching business after five years.

Mandatory clearing applied indiscriminately across markets will increase systemic risk, according to Alexander Justham, director of markets at the U.K. Financial Services Authority.

Standard Chartered fx strategists are recommending investors sell one-month U.S. dollar/Chinese yuan non-deliverable forwards with an outright entry of CNY6.475 to take advantage of underpriced CNY appreciation at the short-dated end of the curve.

Goldman Sachs sold over USD1 billion notional in put spreads on the U.S. dollar/Swiss franc Thursday morning.

Royal Bank of Scotland strategists are recommending investors go short one-year U.S. dollar/offshore Chinese yuan (CNH) forwards and long two-year U.S. dollar/Chinese yuan (CNY) non-deliverable forwards on the view that the two currencies will converge, but not in the immediate future.

Derivatives market participants see problems with how Basel III accounts for the risk posed by central counterparties.

Citigroup Global Markets Asia and asset manager and investment advisory Tribridge Investment Partners have closed a USD32 million Asia ex-Japan focused synthetic structured note linked to an underlying portfolio of credit default swaps and total return swaps.

AsiaClear, the Singapore Exchange’s over-the-counter derivative clearinghouse will only clear regional currency trades against the U.S. dollar under one year when it rolls out its fx non-deliverable forward clearing service in September.

The European Securities and Markets Authority has asked for input on what topics in the European Market Infrastructure Regulation to prioritize in creating technical standards.

India should have a local over-the-counter derivative trade repository, despite arguments from the industry for global trade repositories, according to the Reserve Bank of India’s working group on reporting of OTC interest rate and fx derivatives.

New regulations governing options, non-deliverable forwards and derivatives are prompting fx dealers to alter their business models.