FX Markets - Jun 2020
See below for a full listing of the articles in the June 2020 issue of FX Markets, or click here to download the PDF.
Articles in this issue
Games of tag need to end
Growing focus on platform disclosures should spur more transparency
Turkey turmoil opens door to offshore NDF market
Emta openly discussing documentation for offshore lira
USD/HKD carry trade shrugs off interventions
Rate differential drives Hong Kong currency higher despite HKMA’s efforts
Banks tout early roll dates for FX swaps as quarter-end looms
Asset managers open to more flexible hedging strategies since March turbulence, say dealers
Appetite for renewed Fed dollar swap lines in doubt
With up to $300bn of positions nearing expiry, some say FX swap market can meet banks’ funding needs
Banks struggle to keep trade flows in-house during volatility
Directional markets in March tested dealers’ ability to internalise risk
Behind the mask: FX market raises fears over tagging ‘abuse’
Front running and tag refreshing concerns abound on semi-anonymous trading platforms
How did markets fare with volatility in the new liquidity landscape?
By all accounts, markets have been relatively subdued for the past few years. Simon Campbell, group head of trading at CMC Markets, discusses how – while there have been occasional flurries of volatility around Brexit, the US elections and the trans…
Choppy markets revive quest for RFQ’s ‘magic number’
Deutsche argues for smaller, stronger panels; Citi offers better prices for 'full amount' trades
BLTs and glitchy Wi-Fi: lockdown life for FX execs
With traders transacting trillions from their living rooms, currency markets are adapting to new normal
Five’s company, six is a crowd
Simon Nursey at Digital Vega explores the optimum number of RFQs for FX options trades with a little game theory
Sell at dawn and go away – but come back after lunch
Historic and well-known intraday seasonal patterns can deliver return-to-risk ratios in excess of 1. Tradefeedr’s Alexei Jiltsov explores whether execution desks should employ these factors
Navigating uncharted markets with FX algos
BNP Paribas's Asif Razaq describes traversing Covid-troubled waters with execution algorithms