Emerging markets
NDF access will help tame rupee volatility, say dealers
Lifting of restrictions stopping Indian banks trading rupee NDFs allows RBI to intervene offshore
Philippines traders shrug off mid-month jitters from Covid shutdown
March’s pricing blip was a tremble, not a quake, in a market used to disruption from natural disasters
FX data shows hold, reject divide in G10 vs the rest
Use of analytics can help reduce last look and improve FX Code adherence, says EBS executive
More NDF changes could follow Argentine chaos
LatAm contracts may be tweaked to avoid repeat of contentious peso freeze
Exchange rate pass-through patterns are changing – RBI paper
Pass-through in emerging markets is non-linear, asymmetric and falling, the authors find
Refinitiv: innovation in 2020 will be evolutionary, not revolutionary
Firms will focus on ongoing projects before embarking on market-changing initiatives
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
Best bank for Australian dollar: ANZ
ANZ was voted Best bank for Australian dollar at the 2019 FX Week Best Bank Awards
JP Morgan trader Aiyer guilty of price-fixing conspiracy
Akshay Aiyer is second currency trader to be convicted in US’s ongoing probe into FX market
Best Bank Awards: BNP Paribas
BNP Paribas is voted Best bank for FX in the eurozone at the 2019 FX Week Best Bank Awards
Best Bank Awards: HSBC
HSBC is voted Best bank for EUR/GBP, FX in Asia-Pacific, emerging Emea currencies, emerging Asian currencies and the renminbi
Best Bank Awards: Barclays
Barclays is voted Best bank for GBP/USD at the 2019 FX Week Best Bank Awards
BNPP appraisal challenges Katz’s credibility
Former trader’s supervisor highlighted poor performance on FX swaps and bad risk management in 2011 review
Katz: 'I couldn’t compete with Aiyer'
Former trader said Akshay Aiyer had more resources and that he would sometimes quote the defendant’s prices
Cummins walks back co-ordination comments
Chris Cummins confronts insecurity with certain currencies and trading styles as defence pulls back curtain on chat snippets
Ex-JP Morgan trader on trial for rigging
Justice dept claims fake trades duped market but defence argues against overly simplistic view
TD Securities: renminbi to sink to 7.30 amid US-China tensions
Move will alleviate some pressure from US tariffs; bank expects interim gyrations in EM trading
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
Former JP Morgan FX trader faces trial for price fixing
New York resident Akshay Aiyer is accused of conspiring to manipulate prices in CEEMEA currencies
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
State Street hires Harry Xu for Asia FX
Xu joins in Boston from Nomura in New York
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength