FX Markets - 16 Dec 2019
Articles in this issue
Volatility becalmed, trade in FX options plummets
With central banks in tandem on policy, market churn lessens considerably
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Greater exchange rate flexibility warranted in Peru – IMF
Limiting interventions would help reduce dollarisation further, says fund
New ‘currency’ aims to tackle failings of predecessors
Saga sits between a stablecoin and crypto asset, designed by a team including former central bankers
OKEx expands crypto derivatives offering
Malta-based digital asset exchange upgrades trading architecture, with eye on futures and options trading
Banks step up stress-testing of Hong Kong dollar peg risk
Flurry of FX options trades make banks re-evaluate exposures
Green FX hedging tipped to grow after BNPP/Siemens Gamesa deal
If the energy company misses ESG score it will pay a “sustainability premium” towards forestry projects
Oanda names Niebank as global head of product
The 21-year industry veteran has spent his entire career with CMC Markets
Oanda appoints Grant as COO, Asia-Pacific
David Grant joins from Gain Capital with 20 years’ experience in the e-trading industry
Webber joins XTX from BNPP
Now a member of the non-bank liquidity provider’s global distribution team, Andrew Webber spent most of his FX career as a quant trader
Mani joins Barclays in macro trading
Rahul Mani’s banking career has spanned Credit Suisse, Morgan Stanley and Nomura
Franz appointed CIO at State Street
Hire supports continued development of State Street Alpha platform
FX sales specialist Cifuentes joins BitGo
Formerly at Cboe Global Markets, Andres Cifuentes also worked in prime brokerage at JP Morgan and Morgan Stanley
Chile’s FX intervention likely to stabilise peso
But much depends on the reform programme the government chooses to adopt
Westpac: UK election results blow sterling cap
The pound regained its lustre on the news UK prime minister Boris Johnson secured a majority