Foreign exchange
Scottish independence not a threat to OTC contracts
Scottish government unlikely to force contract changes if 'Yes' campaign wins
CCPs clear less than 2% of NDF contracts
The appetite for market participants to clear NDFs is conspicuously absent, despite a number of CCPs offering the service
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
China Construction Bank set to become London renminbi clearer
Announcement due during Chinese premier's UK visit next week
CRT Capital shuts FX agency desk
CFTC regulations and prime broker conservatism over them have led to the intermediary's closure, according to its FX head
FX Focus - Editor's Letter
Sef equivalency problems point to wider trust issues among regulators
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
City Index on the money with ECB timing
City Index took a less dovish view on EUR/USD than consensus forecasts for the three months to June
Morgan Stanley cuts two in FX sales
Staff leave sales team at Morgan Stanley
Sef equivalency "back to square one" as CFTC takes hard line
WMBA’s Clark worries for future of equivalency regimes
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
ECB cut could bring back the carry
A rate cut and negative deposit rates from the ECB could bring back the popularity of the carry trade, strategists say
Price Markets launches Solid FX ECN platform
Both via GUI and API
Barclays cuts eight in FX sales, one in structuring
Senior departures in FX sales
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014
Fluent launches PB risk management solution
Product aims to solve the problem faced by prime broker banks lacking adequate pre-trade risk management systems
Norges Bank poised to complete shift from FX buyer to seller before year's end
Norwegian central bank sends strong signal it will make no foreign exchange purchases this year; analysts predict it to make ‘symbolic shift' to net-seller in Q4
Dealers still dominate activity in complex FX instruments- BIS
Findings contrast with latest Triennial Survey flagging non-dealer market participants as key drivers of growth
Saxo Bank wins with subdued euro view
Saxo Bank wins with one-month EUR/USD forecast
Industry requests clarity over extra reporting requirements
Esma quizzed on specifics of collateral and valuation reporting
Asset quality trumps hedging cost in volatile currencies
High cost of hedging out forex exposure in volatile currencies is unnecessary due to the correlation between the underlying asset and currency it is denominated in, investors believe
Indian exporters to increase hedge ratios on rising rupee
Indian corporate treasurers with exposure to rupee appreciation risk should look to increase their hedge ratios and use foreign exchange options to mitigate risk
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations