Liquidity
FX Invest North America: Technology delivery poses 'huge conundrum'
A difference of opinion between technology experts on the merits of cloud-based platforms emerges at FX Invest conference in Toronto
Brakes remain on FX options clearing, despite regulatory easing
CPSS-Iosco working group ruled last week that CCPs do not have to guarantee settlement, but participants recognise the issue still has some way to run before options can be centrally cleared
Guidance on central bank risk management is needed, says BoE’s Fisher
The Bank for International Settlements should provide guidance on best practice for central bank risk management, says the Bank of England’s Paul Fisher
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
Commerzbank taps smartTrade for liquidity management
The new technology creates a single liquidity pool at Commerzbank, with internal matching engines, external routing and execution, as well as clearing, settlement and pricing functionality
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
StanChart scoops double whammy for Asia-Pac
Asian bank picks up awards for FX in Asia-Pacific and for emerging Asian currencies, up from second place in both categories last year
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
Best liquidity distribution system: Saxo Bank
Saxo wins liquidity distribution award after adopting a prudent approach to sourcing the best liquidity for its white-label offering
Best liquidity management system: TraderTools
TraderTools wins liquidity management award for its exclusive focus on FX and strong growth over the past year, including the launch of LightFX in partnership with Citi in April
FX Invest: US margin proposals could lock down $2 trillion in assets
Requirement for banks to post initial margin when trading with each other will result in huge amounts of liquid assets being locked down, according to analysis by one US prudential regulator
Deutsche Börse targets FX options after taking stake in Digital Vega
German exchange’s acquisition of a minority stake, announced on July 5, gives it a new-found foothold in foreign exchange options, according to Deutsche Börse official
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
Lack of liquidity could hinder offshore RMB centres
Former US Treasury official cautious on prospects for offshore renminbi
ClientKnowledge wins over Standard Bank with LMS
South African bank Standard Bank went live with ClientKnowledge’s liquidity management system (LMS) for its FX spot business in August, it announced last week.
CCP turf war simmers as OTC regulations head to the European Parliament
LCH.Clearnet could be prevented from clearing euro swaps under central bank liquidity proposals being pushed by some European regulators
smartTrade upgrades clients with StudioAir
smartTrade is migrating clients from smartTrade Studio to StudioAir, an upgraded version of its front-end trading application that enables traders to customise desktop views.
Tech takes lead over regulation in 2010
Technology has been the main focus for the market in 2010, according to a delegate poll at the FX Week Europe congress held in London last Tuesday (November 16).
BoE: High-frequency traders raise risks of liquidity event
The foreign exchange market needs to address the increasing role of high-frequency traders as market-makers to insure against a liquidity event, says Michael Cross, head of the foreign exchange division at the Bank of England (BoE).
Insurers, not banks, driving liquidity trade
Insurance sector's hunger for high yields, rather than banks' thirst for short-term funding, driving liquidity trade
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.
Homogeneous regulations could contribute to risk, says former Brazil central bank chief
Arminio Fraga warns about the use of globally standardised methodologies for regulatory capital, as well as the dangers of multiple central counterparties
BNPP: Euro value to drop following G-20 meeting
BNP Paribas (BNPP) has topped this week’s one-month forecast rankings with a bearish dollar stance amid threats of further quantitative easing (QE) from the Federal Reserve.
FX - After the trade is made: the future of the CLS relationship
How will CLS fare as new regulations take hold? Olaf Ransome, director at forex operations consultancy, 3C Advisory in Zurich examines the future for the FX infrastructure