CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
Read moreEurex, one of the world’s leading derivatives exchanges and part of Deutsche Börse Group, and Korea Exchange (KRX) today signed a contract in KRX’s Seoul Office to extend their cooperation by listing Mini KOSPI 200 index futures during Eurex trading hours. In addition, Euro STOXX 50 futures will be traded and cleared in Korean Won…
Read more“Cross currency swap compression is now part of normal business operations for Asian institutions,” said Yutaka Imanishi, CEO of TriOptima Asia Pacific.
Read moreBNY Mellon, the world's largest custody bank by assets, said it appointed Keon Ho Kang to head its newly created foreign exchange dealing room in Singapore. The bank has launched the FX dealing room in Singapore to facilitate trades in G10 currencies and the Korean Won. The American investment giant said the move reflects Singapore's growing…
Read moreSouth Korea's foreign exchange trading volume reduced in the second quarter of this year as the won-dollar exchange rate moved in a narrow range, central bank data showed Friday. Daily average turnover in the foreign exchange market was 44.77 billion US dollars for the three months ended June 30, down 0.7 percent from the prior…
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