Asia
Corinne Neale joins Credit Suisse for Asia foreign exchange client risk advisory
Credit Suisse has added to its Asia foreign exchange risk advisory in line with the bank's strategy to expand forex business in Asia
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
Vol drops as BoJ intervention proves successful
TOKYO - Yen volatility dropped sharply as intervention by the Bank of Japan (BoJ) last Wednesday (September 15) proved successful, leaving the dollar/yen range-bound into the end of the week.
StanChart takes Solace for FX data messaging
Standard Chartered has rolled out hardware-based messaging vendor Solace Systems’ 3260 message routers, to provide low-latency data distribution between the bank’s offices to support its new global FX trading platform.
Citi expands investor sales in Asia Pacific
HONG KONG - Citi has made key hires in the Asia Pacific as part of efforts to expand its investor sales coverage.
Société Générale adds three to strengthen flow derivatives and cash equities
Société Générale reinforces Asian cash equity and derivatives businesses with new appointments
Triple hire for Macquarie Private Wealth Asia
Macquarie hires three senior executives to boost its private wealth operation in Asia
Morgan Stanley hires trading head in Asia
David Hong has joined Morgan Stanley as a managing director and head of FX and emerging markets trading for Asia, based in Hong Kong.
JP Morgan slashes commodities desks
Fate of other prop desks unclear ahead of enactment of Volcker Rule
The risks of ongoing imbalances
Pete Luxton, global economic adviser at Informa Global markets in London, looks at the implications of the ongoing external imbalances
Citi appoints Asia ex-Japan strategy chief
Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.
Malaysia liberalisation sparks ringgit rise
KUALA LUMPUR - The Malaysian ringgit reached 13-year highs against the dollar last Thursday, as officials relaxed currency controls on corporate hedging and international trade settlement on August 18.
Ability of Bric nations to revive global economy exaggerated, say analysts
The contribution of Brazil, Russia, India and China to the world economy is still too small to compensate for low demand in advanced economies.
Asian banks in OTC derivatives reconciliation drive
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
Clearers pile into Asia
The region seizing the opportunity to offer central clearing for over-the-counter products seems to be the Asia-Pacific, which explains LCH.Clearnet’s plans to aggressively push into that market.
What to watch in Asia
Albert Leung and Subodh Kumar, Asian strategists at Citi in Hong Kong and Singapore, say China's July macro data and the Shanghai Composite Index are the key indicators of Asia's performance
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
Exclusive: LCH.Clearnet in a raft of Asia deal talks
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
CIBC continues FSG build
TORONTO - CIBC has made four key hires in its financial institutions group (FSG) in London, Toronto and Hong Kong, as it builds up its global capabilities.
ParkerFX makes small gain in May
STAMFORD, CT - The Parker FX Index has reported a return of 0.14% for May, as currency markets were marked by risk aversion amid fears of a double-dip recession, increased risk contagion from the European sovereign debt crisis and significant declines in…
Credit Suisse continues Asia build
HONG KONG - Credit Suisse made a significant push to expand its presence in the foreign exchange market in the Asia-Pacific, with six sales hires in Japan, Singapore and Hong Kong.
Korea moves to restrict FX derivatives leverage
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure
BNP Paribas boosts Asia electronic trading capability
TOKYO - BNP Paribas plans to launch electronic trading in won and Taiwan dollar non-deliverable forwards (NDFs) on its single-bank system, FX eTrader, this year, according to a senior official in Tokyo.
New rules for new markets
It’s all about the emerging markets managing their exposure to the eurozone. Last week, Hong Kong and Malaysia also moved to offer a common bond-settlement system.