Chemical Focuses On Asian Regionals After Closing H.K. Spot G-7 Dealing
BANKS
Chemical Bank is focusing its Asian efforts on regional currencies in Singapore, following the closure late last year of its Hong Kong spot market-making desk in G-7 currencies, says Fraser Partridge, managing director of the bank's global trading division in Asia. He adds that this focus will likely lead to development of an options business based on these currencies sometime this year.
Since the bank's Singapore office already has a strong desk making markets in G-7 currencies, says Partridge,
More on Trading
Forward thinking: Banks adapt P&L mark-out tools for FX forwards
Dealers modify market impact measurement to get better handle on profitability – and client value
BNP Paribas to launch e-FX pricing engine in Singapore
BNPP is latest bank to set up Singapore pricing engine; readies Cortex Live launch with AI and data tools
JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
