News
Sef equivalency "back to square one" as CFTC takes hard line
WMBA’s Clark worries for future of equivalency regimes
World Cup set to "shut down" LatAm markets
FX markets are set to take an early summer break as the football tournament turns participants' heads away from the trading floor
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
ECB cut could bring back the carry
A rate cut and negative deposit rates from the ECB could bring back the popularity of the carry trade, strategists say
Price Markets launches Solid FX ECN platform
Both via GUI and API
JP Morgan FXEM structure reflects current demand
The ongoing management reshuffle is intended to benefit clients who view FX and emerging markets under one umbrella
Barclays cuts eight in FX sales, one in structuring
Senior departures in FX sales
SEB head of FXPB leaves bank in London
Twenty-four-year FX industry veteran Noel Singh departs the bank's FX prime brokerage team in the capital
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014
Fluent launches PB risk management solution
Product aims to solve the problem faced by prime broker banks lacking adequate pre-trade risk management systems
Norges Bank poised to complete shift from FX buyer to seller before year's end
Norwegian central bank sends strong signal it will make no foreign exchange purchases this year; analysts predict it to make ‘symbolic shift' to net-seller in Q4
Dealers still dominate activity in complex FX instruments- BIS
Findings contrast with latest Triennial Survey flagging non-dealer market participants as key drivers of growth
Industry requests clarity over extra reporting requirements
Esma quizzed on specifics of collateral and valuation reporting
Asset quality trumps hedging cost in volatile currencies
High cost of hedging out forex exposure in volatile currencies is unnecessary due to the correlation between the underlying asset and currency it is denominated in, investors believe
Randomisation allows smaller players to compete
The fightback against HFTs is well under way in FX, where major trading platforms have embraced the idea of randomised orders in a bid to escape the technology arms race
Indian exporters to increase hedge ratios on rising rupee
Indian corporate treasurers with exposure to rupee appreciation risk should look to increase their hedge ratios and use foreign exchange options to mitigate risk
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations
Instantaneous hedging is not market-making, says GSA
Rise of hot potato trading is direct result of instant hedging from market-makers, says GSA Capital
Latam reserve managers experiment with renminbi
Renminbi viewed as an attractive reserve asset in Latin America due to growing business links with China; renminbi statistics may not be showing up in IMF data
Raiffeisen Polbank selects TradAir FX rate engine
Raiffeisen Polbank goes live with rate engine and market-making distribution network
Indian rupee set for limited post-election gains
The INR is set to gain against the USD after BJP secures a strong parliamentary majority