Asia
Nomura’s tech revamp propels its global FX push
Bank hopes overhaul of pricing tech and new single-dealer platform will boost FX business
HKEX and LCH look to expand eligible collateral
Chinese government bonds in the frame as clearing houses seek to boost non-cash margin options
SGX’s new FX platform sees increased NDF trading from US firms
Sef exemption opens door to increased US buy-side interest
Why Isda ditched ‘off-cycle’ updates for Simm
Ad hoc updates riled industry, while regulators pushed for predictability in model recalibrations
NatWest’s plan to put the XVA into RFQs
Bank to launch approximation tool on its electronic pricing framework for FX forwards
MSIM revived RMB options activity in Q1
Counterparty Radar: Investment firm added $2 billion in dollar/renminbi options, mainly with JP Morgan and StanChart
FX house of the year, Malaysia: OCBC Bank (Malaysia) Berhad
OCBC Bank Berhad, the Malaysian subsidiary of the second-largest banking group in the region, impressed the judges with its agile and customer-centric multichannel FX offering, which allows clients access to the bank via a treasury dealer, its e-platform…
Best retail FX platform/FX house of the year, Singapore: OCBC Bank
OCBC Bank's wins are testament to its endeavours and innovation within the FX industry
China needs an RMB liquidity absorber – HK might be the answer
Increasing HKMA’s CNH debt issuance could help cement renminbi’s role in financial markets
Buy-siders to face rising settlement risks when 2 becomes 1
Non-US asset managers may miss crucial window to settle trades with CLS after switch from T+2 to T+1
Regulatory confusion clouds first annual IM recalculation
Firms dropping out of scope may need to continue posting non-cleared margin in some jurisdictions
SG1 growth slower than expected, say LPs
Despite sluggish take-up of Singapore FX matching engines, some hope a new NDF venue will offer a boost
Barclays’ global co-head of EM and G10 flow trading departs
James Hassett leaves UK bank after 17 years in various senior FX trading roles
Why NDF execution algos might still hit the spot
Products have yet to live up to initial hype, but their long-term potential is significant
Isda’s fork provision gives crypto market plenty to chew over
Not everyone is happy with the discretion new digital definitions offer to calculation agents
Asia FX Awards 2023: The winners
The FX Markets Asia FX Awards present 34 categories, which were determined by an esteemed judging panel comprising industry experts and FX professionals across the Apac region. They have paid attention to firms that brought unique and innovative ways to…
Best FX aggregator: oneZero
In addition to expanding its network and achieving strong revenue growth, oneZero hit an impressive stride in 2022 by processing 9 trillion quotes on average per month
Best FX technology provider: oneZero
oneZero’s market-neutral technology has built its brand and business on the success of its award-winning modular trading technology solutions
Best buy-side FX trading platform: Bloomberg
Bloomberg’s trading platform FXGO’s best-in-class FX trading solutions have cemented it as an indispensable platform, with impressive system integration and extensive liquidity gaining particular praise
Best FX analytics provider: smartTrade Technologies
The smartTrade LiquidityFX system has allowed smartTrade Techologies’ customers across Asia’s FX markets to optimise liquidity provision based on their specific FX needs
Chinese corporates step up FX hedging after reopening
Exporters eye hedges as RMB strengthens, but negative forwards points are a turn-off for some
Indonesia readies close-out netting after passing P2SK Law
Bankruptcy law changes remove close-out netting obstacles
Tales from the crypto prompt calls for FX-style market structures
Demands for interdealers and prime brokers to be brought into crypto market in wake of FTX debacle
Rising rates lead to greater interest in structured products
Trading volumes ‘could increase fivefold’ as a result of short-term rates rise