Derivs - FX

A USD6 billion trade set to expire next Wednesday has brought about an aversion in short-dated dollar/yen fx trades.

New Indonesian regulations aimed at curbing rupiah speculation will intentionally snag close-out netting under the International Swaps and Derivatives Association Master Agreement.

Standard Chartered has tapped Mohammed Grimeh for the newly created role of head of trading and deputy head of global markets for the Americas.

Currency option traders were buying puts today on the U.S. dollar/yen, as reports of around USD5 billion of outstanding trades in the pair swept the market.

Parlais Group, a recruitment boutique with a presence in Australia and Hong Kong, launched last month.

Korean shipbuilder Daewoo Shipbuilding and Marine Engineering is at risk of losing a significant portion of this year’s earnings due to fx options that expire at the end of the year.

Twelve-month USD/CNY non-deliverable forwards are pricing in greater appreciation in the yuan than they were two weeks ago, signaling the market’s belief that the People’s Bank of China will keep the yuan stable.

Relative value trades on emerging market currencies are being pitched as a way to protect against further shocks in the G10 cluster of developed nations.

The Bank of Thailand is set to introduce fx regulations early next year that will set out currency denomination and hedging requirements for all over-the-counter trades.

Citigroup has merged its equity and fixed income structured products groups in North America and Europe to streamline marketing efforts.

Illiquidity in the U.S. dollar and yen fx mart left option traders twiddling their thumbs.

Malcolm Keyes, an associate director of fx sales at HypoVereinsbank in Hong Kong, has left the bank.