FX Markets - Aug 2021
See below for a full listing of the articles in the August 2021 issue of FX Markets, or click here to download the PDF.
Articles in this issue
Could prime of primes go pop?
The PoP market is booming, but some tier one banks are wary
US mutual funds’ crypto holdings doubled to over $1bn in Q1
BlackRock and MSIM are among 16 US fund managers dipping their toes into crypto investing
Updates to FX Global Code include pre-hedging guidance
GFXC updates 11 of code’s 55 principles, including advice on controversial practice of pre-hedging
CBDCs provide ‘clean slate’ for cross-border payments, says report
International bodies urge central banks to bolster CBDC co-operation
EBS Direct rebuild to bring faster speeds, new order types
New tech means trades will process 10-times faster and allow client-to-client matching
Capitolis to acquire LMRKTS
Deal for multilateral compression provider latest in wave of post-trade tie-ups, as SA-CCR bites
FOMC surprise led to hedge fund losses, say traders
Fast money caught out by June dollar bounce after Fed’s surprise hawkish tone
Cross-currency swaps set to ditch Libor in ‘RFR first’ drive
A plan to oust Libor in September is expected to spur voluntary RFR adoption for euro legs
PoP goes FXPB: prime of prime fizzes, but isn’t to all tastes
Sources report ebullient growth among PoPs, despite lingering wariness around risk redistribution
PBs get new help in war on generosity
Big FX venue operators offer way to reduce overallocation of credit
Time trials: how fast can you trade FX?
XTX calculations reveal how long different pairs take to trade throughout the day
How long should TWAP algos run?
BestX says modelling typical durations by notional per pair could be used to create a new algo benchmark