Foreign Exchange

IntercontinentalExchange (NYSE: ICE), a leading operator of global over-the-counter (OTC) markets, clearing houses and regulated futures exchanges, today announced that it is expanding its clearing services to include OTC Non-Deliverable Forward Foreign Exchange (FX) contracts.

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Krung Thai Bank has selected Fiserv for asset/liability, market risk, interest rate risk, foreign exchange risk and daily bank-wide liquidity risk management. 

First Derivatives (AIM:FDP.L, ESM:GYQ.I), a leading provider of software and consulting services to the capital markets industry, today announced that ILQ, the foreign currency exchange broker, has chosen the Company’s Delta FlowTM service to deliver improved forex connectivity, execution and liquidity solutions to their institutional client base.

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of three new E-micro Forex futures contracts scheduled for Sunday, December 19, for trade date Monday, December 20. These contracts will be listed with, and subject to, the rules and regulations of CME.

- All eight founding member banks live with the CLS / ICAP JV - 

- Volumes continue to increase as members bring more flows onto the service

CLS Group and Traiana, an ICAP company (IAP.L), announce that all eight founding member banks of the CLS Aggregation Service (CLSAS), a joint venture established to provide trade aggregation services to participants active in the over-the-counter FX market, have now gone live with the service.

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has named Roger Rutherford as managing director, Global Head of FX Products. With 24 years of experience in the global FX marketplace, Rutherford, 45, will be responsible for leading the company's global FX business line. He will be based in London and will report to Derek Sammann, managing director, FX and Interest Rate Products.

SuperDerivatives, the derivatives benchmark, announced today that it has been chosen for internal deployment by Luxoft, a leading global provider of advanced application and product development services, to manage the company’s exposure to cross-border currency risk.

SD will provide Luxoft with SD-FX, the market’s benchmark solution for currency derivatives. The solution will provide real-time, independent pricing, analytics, post-trade deal management tools, risk and performance reports for the widest range of FX derivatives.

Partnership Delivers STP Workflow Efficiencies for FX Hedgers

Options on Brazilian Real Now Available

The International Securities Exchange (ISE) today announced that it has expanded its ISE FX Options® portfolio with the launch of currency options on the Brazilian real (Symbol: BRB). Timber Hill is the Primary Market Maker for these new products, which began trading on January 19, 2010.

The International Securities Exchange (ISE) and NYSE Euronext (NYSE Euronext: NYX) announced today that they have entered into an agreement to license the right to list ISE FX Options® products on the NYSE Arca Options platform. This allows NYSE Arca Options to trade options on all currency pairs traded at ISE. The unique, dollar-based structure of ISE's FX options creates an underlying value similar to traditional equity or index options and provides investors with a simple tool to trade their views on the strength of the U.S.