Asia
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.
Trading Places, June 14, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
The euro's new clothes
Nick Beecroft, senior markets consultant at Saxo Bank in London presents a gloomy prediction of the next phase in the 2007-2010 debt crisis
FXall targets Japan expansion
TOKYO – FXall continues to expand its presence in the Asia-Pacific region, with a key hire from Deutsche Bank in Tokyo.
SEB targets Asia growth
SINGAPORE - SEB has relocated Seppo Leskinen, chief investment officer of the SEB Multi-Manager Currency Fund, to Singapore from London, to leverage demand for currency management by investors in the Asia Pacific region.
Asia's currencies steady under pressure
Callum Henderson, global head of foreign exchange research at Standard Chartered in Singapore, says the Asia play is far from over, despite the recent pullback in the region’s currencies
UBS continues to bolster FICC group
HONG KONG & SINGAPORE - UBS has continued to expand its fixed-income, currencies and commodities (FICC) team with the hires of Andy Kleeger and Frank Suen, and the promotion of Gerald Chan.
A global power shift
Gerard Lyons, chief economist at Standard Chartered in London, believes the balance of power could shift as the global economy recovers in 2010.
Consistent liquidity makes HSBC best bank in Asia-Pacific
HSBC has held on to the title of best bank for FX in the Asia-Pacific with a commitment to providing consistent liquidity, as the market turmoil forced competitors to cut their exposure to the region.
Global banks cause pricing bother in Asia
SINGAPORE - A change in foreign exchange options pricing convention by global banks is making it difficult for regional dealers to compete, according to Elliott Hann, head of sales in the data and analytics group at GFI.
Asia congress: Collateral issues crucial post-crisis
SINGAPORE - Terence Oh, head of foreign exchange prime services for the Asia-Pacific at UBS, called for better collateral management in light of the lessons learned from the global crisis, at the FX Week Asia congress in Singapore last Tuesday.
CLS settlement: the challenges ahead
This week marks the one-year anniversary of the collapse of Lehman Brothers. FX Week and Rob Close, president and CEO of CLS Bank, discuss the past 12 months and the future of the industry utility