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Chinese corporates step up FX hedging after reopening
Exporters eye hedges as RMB strengthens, but negative forwards points are a turn-off for some
Indonesia readies close-out netting after passing P2SK Law
Bankruptcy law changes remove close-out netting obstacles
Podcast: Barzykin and Guéant on FX market-making
Industry quant teams up with academics to build better risk tools for FX markets
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The transaction cost of forward points can have a large impact on the performance we deliver to clients
James Binny, State Street Global Advisors
There just hasn’t been a lot of sound practices in the crypto marketplace over the course of the past five or six years
Chris Zuehlke, Cumberland
We still feel as if FX structured notes are a market worth pursuing
Andy Kaufman, NatWest Markets
Pimco nearly halves FX forwards book in Q4
Pimco reduced the size of its foreign exchange forwards positions by nearly half during the fourth quarter of 2022 – from $177.1 billion in Q3 to $97 billion in Q4. Of the amount cut by the California-based asset manager, nearly $64.7 billion and $12.2 billion were in G10 and Americas non-G10 pairs, respectively. As a result, Pimco's overall market share among US mutual funds fell from 20% to 12%.
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Editor's choice
Fenics’ Kace launches FX options OMS
The system will help regional banks tap white-labelled liquidity from a single access point
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Big Figure
Growth and stability
After enduring a turbulent period in 2018 and 2019, when Invesco suffered damaging fund outflows and its share price underperformed rivals, the outlook for the asset manager has stabilised. Assets under management at Invesco have returned to growth and stood at $1.4 trillion in March, a 20% increase in the last 12 months.
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