Asia
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
Australia corporates revisit FX hedging after AUD slide
Currency risk management is now a major focus for Aussie firms
EBS partners SGX to boost Asian FX footprint
Singapore Exchange-listed FX futures are set to be offered on EBS platforms, subject to regulatory approval
Electronic trading grows tenfold in some EM currencies
Delegates at the FX Week Asia conference in Singapore heard about the challenges and opportunities Asian electronic trading offers
Electronification of Asian FX only just beginning
Jay Hibbin, VP of capital markets services at Colt, says Asia offers opportunities for latency sensitive traders
BAML replaces G-10 FX forwards head in Asia
On its FX forwards desk, BAML has replaced Stephan Wenger, who left to rejoin the buy side this month
Lack of hedging options for RQFII ETF market-makers
Difficulty in accessing onshore market means liquidity providers are having trouble hedging China A-share exposure
HSBC retains EM and Asia-Pacific awards
HSBC wins best bank for emerging Asian and Emea currencies, as well as best bank for FX in Asia-Pacific
BMO retains Canadian dollar award for a third year
A focus on growing its international presence as interest in the Canadian dollar comes from multiple geographies keeps Bank of Montreal in top place
BBH's new sales head taps into the European buy side
Having recently relocated from Hong Kong back to London, Brown Brothers Harriman's Chris Gothard is now responsible for FX sales and relationship management in Europe. He talks to Robert Mackenzie Smith
BNP Paribas embarks on three-year hiring spree in Asia
The French bank has plans to hire 1,300 staff in the Asia-Pacific region by 2016, with the aim of bolstering revenue by at least €1 billion
Barclays hires head of Ficc research for Asia-Pacific
David Fernandez ends a 15-year career at JP Morgan to join Barclays in Singapore as it continues to expand its Ficc offering
BNP Paribas hires e-FX sales head for Asia-Pacific
Ex-Citi product manager Ashvin Parkash is the third senior hire made by BNP Paribas in recent weeks
Reserve managers seek alternatives to USD and EUR
Following the IMF’s publication of its FX reserves data for the second quarter, Steven Saywell assesses why reserve growth has slowed and central banks are looking to diversify
Benchmark overhaul brings substantial improvement, says Lenny Feder
In the aftermath of the Libor scandal, Singapore’s financial industry has opted to overhaul its existing benchmarks to focus on transaction data
StanChart expands e-FX experience into credit and rates
Following a reorganisation of its electronic trading business at the start of 2013, Standard Chartered’s Chris Knight now has responsibility for e-commerce in the eastern hemisphere across three asset classes. He talks to Joel Clark about what credit and…
MIG Bank launches subsidiary in Hong Kong under MIG Capital Asia
Online broker targets rapid growth in foreign exchange trading in Asia with the establishment of a licensed office in Hong Kong
KC Lam exits CME in Asia
Exchange group merges FX and interest rates coverage in Asia-Pacific
BNP Paribas releases corporate trading platform
Bank's digital strategy combines tailored solutions for specific client types with an 'app store' model
US volumes dive after Sandy hits FX survey data
Average daily FX volume fell again in the US, UK and Canada in October 2012, but the fall was sharpest in the US, partly due to the effects of Hurricane Sandy
SEB eyes FX growth in London under new regional head
In his new role as head of FX for London, Shaun Barham has a mandate to grow the bank’s forex business in the city, as well as to bolster the FX prime brokerage business, which now reports directly to him. He talks to Robert Mackenzie Smith
Asian currency hedgers to be hit by ‘fatal flaw’ in new accounting rules
A major change is needed to correct new hedge accounting rules that could restrict derivatives use by Asian firms hedging their foreign currency exposures
LMAX management team buys majority stake from Betfair
Management buyout will give LMAX Exchange the necessary flexibility to evolve into a leading FX venue within three to five years, says chief executive David Mercer
Credit Suisse concentrates Asia FX in Singapore
The Swiss bank is seeking to focus its FX business for the region in one location, except for small teams in Tokyo and Hong Kong