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TMX eyes spot crypto trading launch next year
Exchange group would become first in North America to offer direct access to spot market in digital assets
Mutual funds dump two-thirds of FX options positions in Q4
Counterparty Radar: Morgan Stanley Investment Management leads fall in volumes with big cuts to RMB trades
Tales from the crypto prompt calls for FX-style market structures
Demands for interdealers and prime brokers to be brought into crypto market in wake of FTX debacle
Quotes
There is going to be an increase in scrutiny of [crypto] market structure, around players, and participants are really going to be looking under the bonnet
Annie Wilson-James, Goldman Sachs
The value a market-maker brings, whether it’s bank or non-bank, is providing liquidity when there isn’t that natural offsetting interest
Richard Anthony, HSBC
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
Editor's choice
P2P platforms look to bring banks into the fold
The USP of peer-to-peer FX matching venues is that they cut out the middleman. So why are they now inviting them in?
Trendlines
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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Comment
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