Derivs - FX

A midsize South Korean chemical company is entering a variable quantity forward--an fx forward with a notional size linked to the price of oil.

Daniel Goldstein, the ex- head of equity flow sales at BNP Paribas in London, is launching a hedge fund startup called Apson Capital.

The number of firms licensed to trade credit risk mitigation instruments in China has grown from 17 to 38 since the pilot program kicked off in November.

The Malaysian Securities Commission and the Oxford Centre for Islamic Studies have floated the idea of a public good standard for Shariah-compliant financial products, including derivatives and structured products.

South Africa’s JSE has taken steps to increase its share of the fx derivatives market.

The volume of exchange-traded derivatives rose by 9% in the fourth quarter of 2010, according to the Bank for International Settlements’ quarterly review.

The Japan Securities Clearing Corp. is planning to limit clearing member liability for its coming over-the-counter derivatives clearinghouse, according to officials familiar with the process.

Swap execution facilities should not be forced to police position limit violations on their own systems, according to Phoenix Partners Group, the parent company of an interdealer for credit default swaps that intends to register as an SEF.

The Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions released a consultative report this morning asking market participants if central counterparties should be mandated to hold enough capital to cover the credit and liquidity risk of one or both counterparties in a given trade.

Proposed Commodity Futures Trading Commission rules on portfolio reconciliation may a heavy burden if applied to certain international firms, specifically those in Asia, who have only recently begun the practice.

Hong Kong regulators want to mandate that all locally-incorporated financial institutions report all OTC derivatives trades to the coming local trade repository in Hong Kong.

The key to growth in the structured product market this year will be broker participation, according to attendees at the Structured Products Association Conference in New York today.