Currency
The rise of the red-back
Moves to automate the payment process are being matched by interest in RMB trade settlement. Saima Farooqi asks how much progress has been made so far, and talks to those with a yen for yuan
Amundi signs MIM for currency account
Risk-on, risk-off markets boost demand for active currency management
Fleschler returns to Hotspot FX
Industry veteran moves back to ECN
MAS tests new rules for margin FX trading
Singapore looks to reduce over-leveraging by retail FX traders
HKEx to launch RMB futures in Q3
Exchange to add RMB currency derivatives as part of internationalisation process
StanChart boosts CNH liquidity in European timezone
Landmark issuance to drive up liquidity out of London
Insight Investments installs interim management team for currency as Thomas leaves
Currency veteran leaves management firm
Emerging market central banks drive gold demand with reserve diversification
Mexico leads the way in reserve diversification in the first quarter
UBS to roll out new currency product to global clients
UBS has been granted a licence from FTSE Group to use its recently launched currency product, FTSE WPU (Wealth Preservation Unit).
Investing in the internationalisation of the renminbi
Despite a forecast slowdown in Chinese growth in 2012, Helen Lam, senior portfolio manager at Allianz Global Investors in Hong Kong, believes the long-term internationalisation of the renminbi will lead to continued currency appreciation this year. Saima…
China-focused hedge fund gains on domestic bets
Hedge fund CSV Capital Partners sees Chinese domestic sectors rising even as economic growth slows. The fund backs companies with exposure to the Chinese consumer as retail sales continue to grow.
Solvency II highlights need for currency risk management
Solvency II is expected to impose a specific capital charge on currency mismatches between assets and liabilities for European insurers and re-insurers, bringing currency risk under the regulatory spotlight for the first time. Although FX managers are…
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Buy side looks to cloud-computing for price transparency
Interest in cloud-based trading technology by buy-side institutions is rising as a way to improve price transparency, in the wake of lawsuits brought against US custodian banks over the mispricing of foreign exchange trades, say market participants
ADS Securities pitches to high-net-worth individuals
The Abu Dhabi-based trading firm last week launched ‘Prime’, a new service targeted at professional and high-net-worth forex and bullion traders
The quasi-extinction of free-floating exchange rates
Imran Ahmad and David Petitcolin of the emerging markets FX strategy team at Royal Bank of Scotland in London say the quest for growth by emerging and developed market nations has led to the quasi-extinction of free-floating exchange rates
Reserve managers cling to the dollar but shun the euro, survey finds
Many central banks have reduced their holdings of euro reserves and looked to diversify into non-traditional currencies as a result of the ongoing eurozone crisis
State Street back under spotlight as Connecticut attorney general investigates FX charges
US custodian bank in further pricing setback
Timing a reversal of fortunes for the euro and yen
John Hardy, chief FX strategist at Saxo Bank in London, picks out the shifts in the status quo in the months ahead
Currency risk in Africa more perceived than real, says fund manager
Speaking at this week's African Investment Summit in London, Els Boerhof said diversification and a longer time horizon can reduce hedging costs
Macquarie to offer bespoke beta and absolute return commodity products from June
Macquarie is extending its existing commodity sales and trading platform with the launch of a commodity investor products business, which will be led by ex-Goldman Sachs global head of commodities
Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
Thomson Reuters predicted markets would test SNB and BoJ's resolve
Thomson Reuters – IFR Markets tops the 12-month forecast rankings after accurate expectations in early 2011 that the yen and the Swiss franc would appreciate
Battle for clearing supremacy
Singapore Exchange (SGX) became the first of the major clearers to launch an OTC Asian FX forwards clearing business in October. But with bank-backed LCH.Clearnet and the CME hot on its heels with a non-deliverable forwards offering, can SGX maintain its…