FX Markets - Aug 2020

• Our take

Peer-to-peer is not a zero-sum game

Some mistakenly talk of P2P as taking over the swap market, but it will be more of an accompaniment

• 02 Sep 2020

• Infrastructure

LCH to launch non-deliverable options clearing

Clearing service will go live in Q4 for nine currency pairs

• 29 Jul 2020

• Infrastructure

CLS proposes second-tier FX settlement system

Stripped-back system for EM currencies mooted to tackle rising settlement risk

• 31 Jul 2020

• Regulation

Buy side hopes for best execution reporting carve-out

After EC exempts venues from best execution reporting, Aima argues funds' RTS 28 reports should follow

• 04 Aug 2020

• Regulation

Taiwan regulator open to more onshore insurer FX hedging

Central bank suggests lifers can use onshore swaps to hedge dividends, but some warn it could hit NDF market

• 05 Aug 2020

• Tech and data

Ion forced to split Broadway, keeping FX

Remedy satisfies UK competition watchdog – but “a big defeat” for acquisitive tech giant

• 07 Aug 2020

• Tech and data

Barclays targets internalisation with new NDF algos

UK bank’s five algos aim to match-off more flow than G10 pairs

• 26 Aug 2020

• Infrastructure

Swaps platform aims to cut out the banks – but not entirely

Peer-to-peer newcomer FX HedgePool targets asset managers’ month-end hedging activity

• 06 Aug 2020

• Infrastructure

The FX swaps client clearing comeback

Chatter about the service is picking up again, but significant hurdles remain

• 01 Sep 2020

• Trading

MUFG: Covid response could spur e-FX shift in Japan

FX head says operational agility during pandemic could lead to greater electronification

• 21 Aug 2020

• Trading

How Shell integrated FX algos into its corporate treasury mix

Interview: oil giant puts up to 50% of spot flows through algos, explains FX head Michael Dawson

• 02 Sep 2020

• Tech and data

How Covid-19 exposed the fragility of FX options liquidity

Simon Nursey at Digital Vega digs into the data to reveal the lessons of the March shock

• 23 Jul 2020

• Tech and data

Market regimes: how to spot them and how to trade them

Analysing how currency pairs behave in different market regimes can improve execution, writes Tradefeedr’s Alexei Jiltsov

• 12 Aug 2020

• Tech and data

FX algos and the weight of industry expectations

Algo usage may reach saturation point unless operators try something new, writes Matt Clarke of XTX Markets

• 25 Aug 2020