FX Markets - Apr 2021
See below for a full listing of the articles in the April 2021 issue of FX Markets, or click here to download the PDF.
Articles in this issue
Internalisation in the spotlight? Don’t hold your breath
Industry relaxed about internal hedging despite BIS warning of potential threat to price discovery
FX HedgePool targets Europe as volumes grow
Platform eyes expansion, as swaps volumes hit $1.5 trillion since inception
GFXC sees no changes to code on pre-hedging
Committee rejects calls to set more strict boundaries to controversial practice
EU’s initial margin relief may come too late for phase five
Long-awaited easing of model governance requirements unlikely to take effect by September
State Street to look after bitcoin, just don’t call it custody
The second-biggest custodian will provide “record-keeping services” for the unregulated asset
CFTC’s Behnam wants federal oversight of crypto markets
Proposal would make US first western country to regulate crypto exchanges and traders
The world’s largest bitcoin fund has a tracking error problem
Grayscale Bitcoin Trust moved from trading at an average premium of 36.5% to an 11.6% discount
Deutsche Börse eyes quantum computing
Pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes
‘Do no harm’: central bankers warn against rush to issue CBDC
Agustín Carstens, Jerome Powell and Jens Weidmann highlight risks of acting too fast
IMF weighs up $650 billion SDR issuance
Figure would allow Biden administration to avoid a vote in Congress
Could private match-making sink public market?
Rise in internal hedging sparks debate over its threat to price discovery
A bitcoin ETF could threaten the world’s biggest crypto fund
Regulated funds may suck away demand for Grayscale’s off-exchange investment trusts
Vanguard extends forwards dominance as Citi dips
Counterparty Radar: Fund giant responsible for more than a third of total forwards volumes and half of EUR/USD in Q4
Is FX catching up with Silicon Valley?
The industry is taking a leaf out of the Silicon Valley playbook to leverage automation, AI and big data, write BNP Paribas execs