Derivs - FX

Ferdy Khouw, managing director and head of global market sales for Asia ex-Japan at Royal Bank of Canada, left the firm on Monday.

The new panel of judges presiding over the controversial knock-in knock-out currency trade case at Seoul Central District Court have asked the banks in question to disclose how they calculated premiums on the contracts

Interdealer broker ICAP and fx settlement specialist CLS Group have created a joint venture to provide trade aggregation services.

Court hearings on the controversial knock-in knock-out fx contracts that incensed local corporate users are about to resume in Korea and bankers are pinning their hopes on a fresh panel of judges.

Rabobank has made three senior appointments in its European structured products team in a bid to bring trading, structuring and engineering for all asset classes—equity, fixed income, hybrid, FX and credit—under one platform.

Investec Asset Management is looking into how to play volatility on the euro/Romanian leu cross via its currency funds.

Lloyd Branch, a v.p. in fx sales at JPMorgan in Tokyo, has reportedly left the firm and is understood to be on gardening leave until mid-April.

Sarakorn Gerjarusak, former managing director of fx and rates structuring at Goldman Sachs, is set to join UBS in Hong Kong on April 1.

Options traders were looking at reverse knock-out calls on the EUR/CHF this week, expecting the euro to start appreciating against the Swiss franc as the Swiss National Bank tries to keep its currency in check.

Some traders have been unwinding existing USD/CNY non-deliverable forwards after the U.S. dollar continued to weaken against Asian currencies.

Barrier options on fx have become more popular among currency players in the last three months.

FX and equity derivatives broker Newedge has relocated a pair of managing directors in Asia-Pacific as part of its expansion in the region.