Derivs - FX

The Ontario Securities Commission's final rules covering product determination, and trade repositories and derivatives data reporting are increasingly concerning market participants since no entity has been designated a trade repository in Canada yet.

Hedge funds in Asia are hanging back from the equity and fx markets, instead taking profits prior to the end of 2013, according to structurers, salespeople and traders in Tokyo, Hong Kong and Singapore.

Hong Kong’s over-the-counter derivatives clearinghouse has cleared a U.S. dollar, renminbi non-deliverable forward and a Hong Kong dollar interest rate swap after beginning clearing operations on Monday.

Institutional investors have been buying one-year risk-reversals on the Australian dollar against the U.S. dollar as the AUD continues to depreciate.

The Johannesburg Stock Exchange has expanded its quanto futures offering with the addition of a euro/U.S. dollar contract.

MarkitSERV, the electronic trade processing service for over-the-counter derivatives, now connects customers to OTC Clearing Hong Kong Ltd, the derivatives clearing services from the Hong Kong Exchanges and Clearing Limited.

JPMorgan is recommending investors sell forward volatility agreements on the U.S. dollar against the Mexican peso to earn risk premium.

The last year has seen regulations mandating reporting of derivatives trades being gradually implemented in a number of key jurisdictions around the world. As a result, it has been and continues to be a busy time for regulators, service providers and market participants alike.

Wayne Luthringshausen has been atop the listed options business for over 40 years. Ahead of bowing out as chairman and chief executive of Options Clearing Corp. at year-end, he sat down with Executive Editor Peter Thompson to outline OCC plans for growth—including its investigation of over-the-counter option clearing—and take stock on the key themes that have shaped the market through his career.

Liquidity on swap execution facilities is being hit by players withdrawing from the platforms because of concerns about cross-border regulations.

The Financial Stability Board is working on setting up the Global Legal Entity Identifier Foundation, a non-profit organisation that will oversee a central operating unit and local operating units that will monitor the international LEI system.

Firms need more time to fully comply with the foreign accounting tax compliance act and effectively implement changes, according to numerous trade associations.