Foreign exchange

• Infrastructure

Central banks must mobilise their FX reserves

Pandemic and climate crises call for bold action, write Gary Smith and John Nugée

• 22 Jan 2021

• Regulation

A peek inside GFXC’s algo cover sheets

Order priority and segregation policy among the items under discussion

• 21 Jan 2021

• Our take

Asset managers hold the key to any FX revival

For a regime shift to truly occur, long-term investors need to get on board

• 14 Jan 2021

• Our take

Benchmark rigging scandal: a remake in the making

Regulators should act now to prevent any repeat of the fixing scandal of 2013

• 20 Nov 2020

• Tech and data

FX markets start to test sentiment data

Already widely used in equities trading, data derived from news and social media is now being applied to foreign exchange

• 17 Nov 2020

• Infrastructure

Bilateral streams slash FX trading costs by 80%, dealers claim

Risk Live: FX dealers report 70% of spot traded in bilateral feeds, at least four times cheaper than RFQs and venues

• 13 Nov 2020

• Tech and data

Why bigger can be better with FX options

Large notionals often trade at significantly tighter spreads than smaller ones. Simon Nursey at Digital Vega explains why

• 04 Nov 2020

• Trading

On dealer and currency choices, big US funds differ

Pimco, Vanguard and other fund giants account for up to 60% of forwards trades – but have very different hedging needs and dealer panels

• 22 Oct 2020

• Tech and data

Banks rent ready-made algos for FX trading

NatWest, XTX Markets and others develop new outsourcing model for tech

• 14 Oct 2020

• Trading

Argentina allows peso to fall faster

Central bank increases repo rate as currency falls and inflation rises, despite severe GDP contraction

• 06 Oct 2020

• Our take

Tackling settlement risk is a serious business

Unless market participants come together, the risk in the system is here to stay

• 06 Oct 2020

• Tech and data

BNY Mellon, Deutsche Bank to extend FX API for Indonesia and India

Chatbots cut through delays in dealing with custodians

• 13 Aug 2020

• Our take

FX swaps clearing redux

SA-CCR could unleash the potential of clearing, and may ignite some big changes

• 27 Jul 2020

• Trading

FX research bounces back amid volatility

Dealers report sharp rise in client demand for research

• 22 Jul 2020

• Tech and data

Avoiding market impact – it takes two

Dealer hedging practices have a big part to play in quiet execution, but so does client behaviour, writes UBS's Ciara Quinlan

• 14 Jul 2020

• Infrastructure

SA-CCR adoption may spur wider FX swaps clearing

With up to 90% lower exposures on offer, dealers say capital benefits could outweigh margin costs

• 07 Jul 2020

• Tech and data

Sell at dawn and go away – but come back after lunch

Historic and well-known intraday seasonal patterns can deliver return-to-risk ratios in excess of 1. Tradefeedr’s Alexei Jiltsov explores whether execution desks should employ these factors

• 15 Jun 2020

• Trading

Investors trade the drama out of the crisis

How LGIM, Axa IM, Manulife and other buy-siders tackled the toughest markets since 2008

• 13 May 2020

• Tech and data

Ion’s wrists slapped in probe of Broadway deal

Competition watchdog extends initial investigation after Ion failed to comply with call for info

• 24 Apr 2020

• Our take

Who revived FX volatility?

The reports of FX vol death were greatly exaggerated. For now, anyway

• 14 Apr 2020

• Tech and data

CLS data scientists try to decode FX volatility

New team has flood of info to work on, after Covid-19 trading surge pushes March volumes up 27%

• 30 Mar 2020

• Tech and data

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

• 24 Mar 2020

• Regulation

India preps margin regime as parliament debates netting law

Lawmakers thrash out bill on close-out netting; margin rules likely to follow in H1

• 11 Mar 2020

• Trading

FX options see record volumes as yen goes off-script

Coronavirus outbreak and recession fears trigger frenzied trading in USD/JPY options

• 26 Feb 2020