FX Markets - 9 Sep 2019
Articles in this issue
Goldman Sachs to revive FX desk in Sydney
Superannuation fund growth attracts the bank, as Australia and New Zealand clients represent increasing proportion of regional FX flows
Algo fears spark hunt for neutral checks on FX Code compliance
Banks seek third-party quantitative methods for confirming activities done in their names are aligned with the principles
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
LCH and StanChart tout rival routes to cheaper margin
Panellists at FX Week Asia conference say participants should start thinking about margin optimisation sooner rather than later
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Markets look for yuan to reach 7.50 amid rising trade tensions
Scaling up of tariffs could weaken the renminbi further, say panellists at FX Week Asia conference
Winners of the 2019 FX Week Asia Awards
The awards acknowledge the growing importance played by market participants in Asia-Pacific in FX
MUFG hires Paster in FX and derivatives risk management push
Paster’s newly created role aims to strengthen MUFG’s markets arm in Americas
ExodusPoint recruits Jim Iorio
Nex’s former global head of sales and head of FX Americas joins hedge fund
Kim Winding Larsen becomes new ACIFMA president delegate
Larsen is a long-time Danske Bank employee and ACI member
Morgan Stanley hires Droege for FX spot trading
Former Credit Suisse trader joins in early August in Frankfurt
Bock takes sales role at CLS in New York
John Bock joins the settlement utility firm from Societe Generale, where he headed e-commerce FX for the Americas
TY11 has potential to host e-FX matching engines in Tokyo
Success of new Equinix data centre could hinge on use of cloud due to close proximity of providers
BIS chief warns of ‘serious consequences’ from retail CBDC
Carstens envisages system with wholesale digital currency alongside private retail payment systems
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Carney: digital currency could help fix global monetary system
“Synthetic hegemonic currency” could end destabilising dominance of dollar
Westpac: sterling weakness continues as Brexit deal unlikely
Australian bank maintains long-held bearish outlook on pound