Liquidity
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Banks and prop shops expect more trading tie-ups
NDFs and FX swaps will increasingly trade on screen, but latter product gives banks advantage over non-banks
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
Gillespie joins Spotex in sales role
Based in London, Kevin Gillespie will target institutional and broker clients, besides banks
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”
Cboe FX unveils new relationship trading platform
Market participants can source top liquidity directly with no fees on Cboe FX Point
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
Eurex faces more delays to cross-currency swap clearing
Clearing house eyes June release; dealers voice concerns over liquidity and margining
Singapore’s edge in race between Asia’s FX hubs
Singapore is beating Tokyo and Hong Kong in volumes, changing the FX trading landscape in Asia. What is it doing to make sure it's No. 1?
ParFX takes first step for moving into NDFs
Trading platform has snapped up an MIC code as it explores building a platform for the growing FX segment
Northern Trust promotes Arteta to head of Americas sales
Based in Chicago, Arteta brings a wealth of FX and fixed income experience to the role
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
RBI to repeat FX swap following high demand for first auction
Second round of long-term liquidity will be on offer in late April
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
RBI buys $5bn in FX swaps auction
Unusual move to inject long-term liquidity into the system is heavily oversubscribed
Where prosecutors stumbled in Bogucki and Cartel cases
Courtroom losses suggest failure to read the FX industry correctly before jumping into action
LCH adds five currencies to non-deliverable swaps offering
Expansion in response to customer demand in Asia and Latin America