FX Markets - 2 Dec 2019
Articles in this issue
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
First all-RFR cross-currency swap traded
Goldman Sachs and Morgan Stanley strike landmark €STR v SOFR trade
Price changes expected as uncleared margin rules bite
Panellists urge buy side to install lifecycle management tools to calculate margin and reconcile payments with brokers
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
Afme calls for pan-European crypto-asset taxonomy
Industry body urges EU lawmakers and stakeholders to become leaders in delivering common regulatory framework for digital assets
iBanFirst expands with NBWM acquisition
More than 1,000 clients will gain access to a variety of FX products and services
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”
Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Wilkins promoted to Ficc Emea role at Goldman Sachs
David Wilkins was previously head of global e-FX sales
Refinitiv’s Barrow becomes global head of benchmarks index business
Industry veteran has 20 years’ leadership experience at Bankers Trust, Deutsche and State Street
Russell Sears joins TradAir as chief revenue officer
Previously, Sears worked at State Street's Currenex and FX Connect
Argentina’s currency controls help stabilise peso and reserves
Uncertainty about the fiscal policies of the incoming president is contributing to falling bond prices
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
Westpac: pound rally to continue as hopes for Brexit breakthrough rise
As polling leans towards Conservative majority, the bank warrants outright long cable positions and expects pound surge