FX Markets - 28 Oct 2019
Articles in this issue
First cross-currency swap cleared at Eurex
Morgan Stanley and JP Morgan first to use service and two more banks are onboarding as CCP hopes to extend offering to clients in 2020
Refinitiv to launch NDF matching and streaming next year
Matching and streaming of NDFs could create larger liquidity pool and boost their electronic trading
Large FX dealers key to asset pricing – Bundesbank paper
Capital ratios of large forex dealers are important in explaining asset price movements, paper says
G7 group warns of stablecoin risks as FSB sets out plans
Group’s final report says global stablecoins could generate “significant adverse effects”; FSB outlines plan for review of stablecoin regulation
Bankers are ignoring crypto assets’ flaws – expert
Technologists are more worried than financiers by problems, expert tells IMF panel
Facebook not trying to replace central banks, claims Zuckerberg
Facebook chief plays down economic impact and says libra can help fight financial crime
‘Hegemonic digital currency’ could help fix global system – Carney
Using CBDC to facilitate online sales could bring about more rapid change, governor says
Collaborative solutions for better and wider access to liquidity, leading to improved management and hedging abilities
HSBC explores how its collaboration-based offerings and solutions can provide greater and more efficient access to liquidity, and explains why opening up direct access to its global network gives corporate and institutional clients improved management…
Acosta joins DeepWell as George leaves
FX hedge fund sales team sees shake-up
Bass joins Crédit Agricole in EM FX and rates trading
After 11 years at Standard Chartered he moved last month
Qureshi replaces McAuley as DBS Bank’s head of trading
Former head of GBP rates trading at SocGen joined the firm this month
PBoC says its bills are better tools than bonds for China
Central bank bills will play a bigger role in stabilising yuan exchange rates, suggests PBoC research note
Exchange rate shocks gaining importance for eurozone inflation – research
Core inflation less influenced by exogenous factors, Bank of Spain research paper says
TD Securities: renminbi to sink to 7.30 amid US-China tensions
Move will alleviate some pressure from US tariffs; bank expects interim gyrations in EM trading