FX derivatives

CME Group, the world's leading and most diverse derivatives marketplace, announced today that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real. The company also offers NDF clearing for the Chinese Renminbi Yuan, Philippine Peso, Malaysian Ringgit, Indian Rupee, Korean Won, Taiwan Dollar, Chilean Peso, Colombian Peso, Peruvian Sol, Russian Ruble and Indonesian Rupiah.

Linkage creates single point of access for SWIFT users to multiple FX CCPs  

MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, today announced an agreement with SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations worldwide, to deliver trades - initially foreign exchange (FX) non-deliverable forward (NDF) transactions - from SWIFT to multiple FX central clearing counterparties (CCPs), via the innovative MarkitSERV FX clearing gateway.

Markit, a leading, global financial information services company, today announced its Portfolio Valuations service now provides independent valuations for power reverse dual currency notes (PRDCs).

PRDCs enable an investor seeking a better return and a borrower in a different country seeking a lower rate of interest to use the interest rate differential between the two. The PRDCs covered by Markit will include several currency pairs, pay-off structures and call and redemption features.

Traiana, leading provider of post-trade solutions, announced today that it is certified to provide real-time connectivity to IntercontinentalExchange (NYSE: ICE), a leading operator of global over-the-counter (OTC) markets, clearing houses and regulated futures exchanges.  The addition of ICE to Traiana Harmony CCP Connect now gives prime brokers, executing banks and buy-side firms access to every clearing house which has announced support for clearing of foreign exchange (FX) derivatives.  

LCH.Clearnet Limited (LCH.Clearnet), the world's leading independent multi asset class clearing house, today began clearing foreign exchange (FX). The service is supported by 14 major market participants who have been actively involved in its establishment. A number of additional participants are scheduled to begin clearing in the coming weeks.

BofA Merrill Lynch, Citi, Deutsche Bank, JPMorgan, Morgan Stanley and UBS to use Harmony CCP Connect for Clearing of OTC Foreign Exchange

Single point of connectivity to all FX CCPs now available

MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, today unveiled its gateway for foreign exchange (FX) industry participants to route trades to central clearing counterparties (CCPs) worldwide.  From a single point of access, executing brokers, clearing brokers and buy-side firms can match, legally confirm and route OTC FX transactions to the CCPs of their choice. 

Digital Vega first trading platform on the service with support of FX Prime Brokers Citigroup and Morgan Stanley                                              

Traiana, leading provider of post-trade solutions, announces today that Traiana Harmony has been certified by CME Group for the submission of OTC FX Derivatives for clearing.  As the first to complete the CME Group certification process, Traiana customers can now clear OTC FX derivatives using the Harmony CCP Connect solution.  

• New foreign exchange coverage and expanded coverage for interest rate products

 • Supports the latest Basel III, EMIR and Dodd-Frank regulatory initiatives

• Delivers risk reporting, data management and extendibility enhancements