FX Markets - Sep 2020

• Our take

Tackling settlement risk is a serious business

Unless market participants come together, the risk in the system is here to stay

• 06 Oct 2020

• Infrastructure

Baton to launch payments system for emerging currencies

Fintech company joins efforts to tackle rising settlement risk

• 08 Sep 2020

• Tech and data

Dealers divided over paring FX spot venue connections

Some liquidity providers aim to follow Citi’s lead and cut platforms, but others are wary

• 17 Sep 2020

• Tech and data

Boston Fed and MIT collaborate on digital currency research

Research results on software architecture will be released as open source

• 17 Aug 2020

• Trading

Nomura targets US in FX rebuilding effort

Return of volatility sees Japanese bank rehire in New York and focus global business on Asian pairs and FX options

• 28 Aug 2020

• Infrastructure

Goldman signs up as NDF client clearer at LCH

US bank expecting jump in cleared trades when initial margin rules hit buy side

• 20 Aug 2020

• Tech and data

Integral goes live with new UX for FX platform

Seventh generation of single-dealer platform built on HTML5 to allow for more customisation

• 07 Sep 2020

• Tech and data

Facebook’s libra could disrupt collateral markets – IMF paper

Collateral used to back ‘stablecoins’ such as libra will be unavailable for reuse

• 17 Aug 2020

• Tech and data

BNY Mellon, Deutsche Bank to extend FX API for Indonesia and India

Chatbots cut through delays in dealing with custodians

• 13 Aug 2020

• Regulation

Indonesia eyes netting changes to enable derivatives CCP

Central bank says legal amendments will pave way for locally cleared NDFs and interest rate swaps

• 13 Aug 2020

• Trading

The importance of minimising market impact

Market impact is a nuanced subject – one industry veterans are well aware of. But, with fundamental changes over the past decade shifting how FX markets function, a swath of new service, technology and liquidity providers has emerged. David Fineberg,…

• 18 Sep 2020

• Trading

FX swap volumes set to rise on China govvies index inclusion

Traders expect greater use of FX derivatives if FTSE Russell adds bonds to the WGBI this week as expected

• 23 Sep 2020

• Infrastructure

LCH to accept Sing dollar bonds as collateral

Singapore’s banks hope move will ease margin funding burdens, and speed direct membership

• 08 Sep 2020

• Regulation

AFM seeks ‘level playing field’ for venues and aggregators

Dutch regulator suggests some liquidity services should be classified as OTFs

• 10 Sep 2020

• Infrastructure

Euronext launches NDF trading in Singapore

Platform’s move brings spot-style execution methods to the non-deliverable market

• 22 Sep 2020

• Infrastructure

Unsettling times: why is settlement risk on the rise?

Regulators and market participants searching for answers after BIS figures show substantial increase

• 01 Oct 2020

• Infrastructure

Signs of consolidation in shattered FX market

Winners of this year’s e-FX Awards discuss shifting strategy among multi-dealer platforms

• 16 Sep 2020

• Awards

e-FX Awards 2020: The winners

Citi takes three categories in 18th annual awards; XTX picked as best LP for spot, while Goldman wins algo crown

• 16 Sep 2020

• Tech and data

Do macroeconomic releases still matter?

Tradefeedr’s Alexei Jiltsov explores how FX and other asset classes react to macroeconomic reports

• 29 Sep 2020

• Tech and data

Brexit, Hong Kong tensions revive FX options market

Political wrangles have helped boost FX options volumes in Hong Kong dollar and sterling

• 25 Sep 2020

• Trading

New US fund filings reveal biggest forwards dealers

Group of four banks executed 48% of sector’s trades during second quarter

• 05 Oct 2020