FX Markets - 11 Feb 2019
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Articles in this issue
Allure of EM currencies grows for investors
Market participants look at strategic plays beyond G10 amid concerns about global growth
Goldman Sachs goes live with smart NDF algo
Initial trades have already taken place with the algo, which draws on internal and external liquidity
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Avelacom opens third point of presence in Tokyo
New PoP rounds out range of low-latency services in Japan amid expansion in Asia-Pacific
EIB on why it’s the first supranational bank to sign up to Global Code
European Investment Bank adjusts processes to principles of Code, which is heading for its second anniversary
SocGen shakes up group management amid cost cuts
Grégoire replaces Drouet as global markets head, while Mazaud takes charge of €500m cost-cutting plan
Perkins promoted to lead FXPB as Citi shakes up prime
Christopher Perkins also runs the US bank’s OTC clearing business
Taendler to retire from Goldman Sachs after 20 years
Recently named a partner, Christopher Taendler helped grow the FX franchise across EM and developed markets
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Prop traders sound alarm over EU capital regime
Non-banks fear topsy-turvy capital requirements under new rules based on clearing margin
Morgan Stanley: dollar to weaken in 2019 on waning growth outlook
US economy will be propped up by consumer spending, says the bank