Foreign exchange
Industry establishes STP guidelines for offshore yuan
Swift releases guidelines to improve processing for offshore yuan transactions
FXall listing gets off to a soaring start
Shares in FXall surged on the first day of its IPO on the New York Stock Exchange, with participants expecting it to move into new initiatives as a public company
Euro sentiment turns upbeat after Greek deal
Politicians and strategists are cautiously optimistic on the euro, despite the considerable challenges that might lie ahead
LCH’s ForexClear awaits regulatory approval
FX clearing platform for NDFs is ready for launch, pending regulatory approval, LCH.Clearnet confirmed in its annual report today
Faros Trading continues hiring spree
Tom Doyle joins the Stamford-based firm from Morgan Stanley in New York
Afme liquidity conference: Buy side urged to stand up and be counted on regulation
Speakers at Afme conference call on buy-side firms to join the sell side in lobbying regulators and ensuring the future market structure is appropriately calibrated
HSBC builds out London RMB centre
Key appointment made to drive growth and strategy for the development of London as an offshore renminbi trading centre
Bonus season sees mixed results for US bankers
Recruiters covering the foreign exchange market report better-than-expected bonus packages at Citi and JP Morgan
Corporate backlash on costs of regulation continues
Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate
Barx architects unveil MahiFX retail platform
David and Susan Cooney, who both worked on Barclays Capital’s flagship e-commerce platform in its early days, expect MahiFX to be available for trading later this month
EMFX: Go with the flow
Imran Ahmad, emerging markets strategist at Royal Bank of Scotland in London, says Hungary, Turkey and India stand to benefit from renewed support for emerging markets in 2012
FX clearing - the opportunity that never was?
Clearing of non-deliverable forwards has yet to get off the ground, despite clearers having switched their focus to the product during the course of last year
Strategists adjust processes to forecast politically driven currencies
Most FX market participants recognise the growing importance of politics in driving the direction of major currencies as a result of the eurozone crisis. But how do FX strategists digest the multitude of political statements and developments when making…
Fusion AM pitches FX liquidity hedge to corporates
Options-based strategy was developed after a request from a large European exporter, and protects corporates from the liquidity risk arising from volatile currency moves
Emir set for Q2 completion, Barnier insists
Trialogue negotiations between the European Parliament and Council on derivatives reform are due to complete next week, with a view to finalising the text by April, says Michel Barnier
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
AUDIO: Heading into the perfect storm
Nick Beecroft, senior markets consultant at Saxo Bank in London, takes a critical look at the year ahead and says markets could be heading for the perfect storm.
Spotlight on: Daniel Wong, British American Tobacco
The tobacco manufacturer’s global dealing room manager talks to Miriam Siers about the firm’s FX hedging programme, and how recent market volatility has driven changes to its currency risk management
Citi seeks to 'revolutionise' FX trading with platform upgrade
Latest version of Velocity seeks to compete on speed, cost and enhanced user experience
Offshore RMB remains a challenge for corporates
UK chancellor George Osborne is pushing hard for London to become the next financial centre for the trading of renminbi, but despite the blaze of publicity surrounding his visit to Asia this week, some corporates remain daunted by the new currency…
Exemption for FX swaps and forwards should hold, says GFMA’s Kemp
James Kemp, managing director of the global FX division, talks to FX Week about the biggest regulatory challenges of 2012
FX Week meets James Kemp, GFMA
The managing director of the GFMA's global FX division talks about the biggest regulatory challenges for the FX industry in 2012
What’s in store for 2012?
At the dawn of a new year, FX Week speaks to senior traders, strategists, technologists and lobbyists about their expectations for 2012. The eurozone crisis, implementation of regulation and technology upgrades top the agenda for many participants…
Markets braced for tough 2012 in FX
Market participants share their expectations for a challenging year ahead in the foreign exchange industry