News

• Regulation

Covid-19 could spur central bank digital currencies – BIS

Fear could promote use of CBDCs but data is yet to point to whether cash demand has changed

• 07 Apr 2020

• Tech and data

Singapore engine push yet to win over all LPs

JP became latest to improve local pricing capability on April 1, but other LPs are sceptical

• 07 Apr 2020

• Regulation

Is there a dollar funding squeeze in China?

China could benefit from joining the Fed’s dollar swaps network but political obstacles bar the way

• 03 Apr 2020

• Trading

Philippines traders shrug off mid-month jitters from Covid shutdown

March’s pricing blip was a tremble, not a quake, in a market used to disruption from natural disasters

• 03 Apr 2020

• Regulation

Fed extends dollar funding to more central banks

New repo facility aims to ease strains caused by global flight to the safety of dollars

• 01 Apr 2020

• Regulation

Debelle: regulation could be ‘helpful’ to FX code

As EU weighs regulation of spot market, GFXC chair dismisses key industry argument

• 01 Apr 2020

• Trading

FX swap users hope to avoid month-end crunch

Blowout in spreads prompted SSGA and other managers to limit need for hedges on March 31

• 31 Mar 2020

• Tech and data

CLS data scientists try to decode FX volatility

New team has flood of info to work on, after Covid-19 trading surge pushes March volumes up 27%

• 30 Mar 2020

• Trading

ESG-linked hedges raise interest – and questions

Carrot-and-stick trades pay off if green targets are hit, but setting and monitoring those goals is tricky

• 26 Mar 2020

• Regulation

Major economies already engaging in ‘currency wars’ – former IMF chief

De Larosière floats new commodity-based exchange rate regime

• 25 Mar 2020

• Trading

In choppy FX markets, algos buck expectations

Goldman, Nomura and others report increased volumes, although some clients revert to principal quotes

• 23 Mar 2020

• Regulation

More NDF changes could follow Argentine chaos

LatAm contracts may be tweaked to avoid repeat of contentious peso freeze

• 17 Mar 2020

• Regulation

Spot FX could be dragged into Mifid II

EC tells FX Markets it is studying Australian-style approach to regulating currency trading

• 11 Mar 2020

• Regulation

India preps margin regime as parliament debates netting law

Lawmakers thrash out bill on close-out netting; margin rules likely to follow in H1

• 11 Mar 2020

• Trading

For FX dealers, virus brings volumes

Mixed feelings for sell-side traders as Covid-19 spurs wave of speculation and hedging

• 09 Mar 2020

• Trading

India exchange to debut rupee derivatives settled in US dollar

Launch of onshore futures and options unlikely to dent offshore volumes, though

• 06 Mar 2020

• Trading

Dealers turn to mid-cap and EM deal-contingent trades

Premiums of more than 25% are attractive to banks battling low vol and increasing competition

• 03 Mar 2020

• Regulation

GFXC eyes trading platform tagging practices

Group may look to standardise language around unique identifiers

• 01 Mar 2020

• Trading

FX options see record volumes as yen goes off-script

Coronavirus outbreak and recession fears trigger frenzied trading in USD/JPY options

• 26 Feb 2020

• Tech and data

Ion’s Broadway deal leaves banks in a bind

Barclays and Nomura among banks that had moved from Ion to rival it now controls

• 24 Feb 2020

• Trading

First SOFR versus CORRA cross-currency swap hits market

JP Morgan and National Bank of Canada extend SOFR cross-currency trading into Canadian market

• 21 Feb 2020

• Infrastructure

Two more banks consider Singapore engines

Fight to be dominant regional FX hub continues

• 21 Feb 2020

• Trading

Morgan Stanley FX loss leaves ill-feeling, questions in wake

Options traders saw odd quotes by US bank months before losses were publicised

• 16 Feb 2020

• Regulation

FX aggregators flirt with scrutiny over brokerage charges

Making dealers pay for trades raises ‘payment for order flow’ questions

• 16 Feb 2020