IHS Markit says Jane Hamilton joined the firm as managing director of business development for FX.
The firm says Hamilton brings “deep experience” in the FX market, prime brokerage and the technology systems supporting FX trading and she will be responsible for expanding Markit’s portfolio of FX services and software, including recently-launched centralised services for trade affirmation, managing FX options, clearing and regulatory reporting.
Hamilton joins from Icap where she was director of strategic alliances for Traiana for eight years. Prior to Traiana, she worked at Thomson Reuters.
The International Swaps and Derivatives Association (ISDA) and IHS Markit have announced the launch of the ISDA 2016 Variation Margin Protocol on ISDA Amend.
The protocol automates the process for amending existing collateral documents or setting up new agreements in order to comply with new variation margin requirements going into effect on March 1 2017.
The ISDA Amend platform enables counterparties to electronically share specially designed questionnaires through a centralised online platform, removing the need for bilateral negotiations. Counterparties can make elections under the protocol, including which regulatory regimes apply and which method they will use to make the required changes to their documentation. The service also automates the reconciliation of questionnaires between counterparties.