CME Group plans to
list six new European-style weekly, monthly and quarterly FX options contracts
that will be available to trade August 8, 2016.
The currency pairs
chosen for the launch are: AUD/USD, GBP/USD, CAD/USD, EUR/USD, JPY/USD ...
Sofiane Saidi is set to leave LCH Clearnet, where he currently works in NDF and FX options product development, according to market sources.
Profit & Loss understands that although no official date has been set for Saidi’s departure from the ...
Tullett Prebon has partnered with technology provider GMEX
Group to develop a hybrid voice and electronic trading platform for FX options.
The new trading solution will enhance Tullett Prebon’s
offering to its clients, integrating GMEX’s request for quote (...
Thursday marks an important day for financial markets with a fragmented regulatory regime about to come into force, and NDF and FX options markets are right in the firing line. Will the already fragile liquidity picture in these markets worsen?
In November last year Profit & Loss reported on an investigation by New York Attorney General Eric Schneiderman into practices and conduct on the FX options desks of three major inter-dealer brokers. Now, according to a report, that investigation is not only ongoing, but it has broadened beyond the original "spoofing" or "flying" of fake bids and offers, into a look at the what may be the inappropriate sharing of market information and the rigging or influencing of market auctions.
In August, Tullett Prebon announced a partnership with GMEX group to develop a hybrid voice and electronic trading platform for trading FX options. But what are the drivers behind such a deal and can it really give Tullett an edge in today’s electronically traded markets? Nicola Tavendale writes.
Despite a 24% decline in average daily turnover since 2013, global trading volumes in FX options remain significant at $254 billion, according to the most recent
Bank for International Settlements (BIS) survey.
Capitalab, an entity within BGC Partners, has launched a multilateral portfolio compression service for FX options, as well as for interest rate caps and floors.
Since June 2016, five FX options compression runs have been executed, in USD/JPY and EUR/USD, with the participation of respectively five and seven FX options dealers.
In the last three interest rate options compression runs organised by Capitalab, participants have also included caps and floors, together with swaptions. Caps and floors – options on Libor and Euribor forward rates - are known to be capital intensive, because of their large notionals.