Risk management
Taking HFT to task
As a small group of high-frequency traders (HFTs) rise to prominence as market-makers in spot FX, the reliability of their prices during times of market stress has been called into question – so much so that electronic trading platforms are taking steps…
Integrate to accumulate
Increased volatility, lower availability of credit and emerging market expansion is accelerating the integration of cash management and FX, says Laurence Neville
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Sucden Financial builds up Gold service
Institutional broker extends gold trading size to enable hedging in size
Hong Kong insurers hedge out their US dollar exposure
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
NAB eyes further expansion after technology overhaul
National Australia Bank completed a three-year technology overhaul in August and now its head of FX and commodities trading is planning further geographical expansion. Miriam Siers reports
Currency managers speak out on currency risk, safe havens, regulation and China
Saima Farooqi asks four industry experts to describe their experiences during 2012, and what they are looking forward to in 2013
Are currency managers adding value?
Latest edition of FX Invest now available
Offshore deliverable renminbi derivatives market grows despite fall in trade volumes
Despite a fall in offshore renminbi trade volumes, dealers say corporates are making increasing use of CNH forwards and options markets to hedge price exposure. Joti Mangat investigates
Central banks turn to RMB assets
Central banks in Asia are diversifying their holdings into RMB, marking the latest stage in the currency’s internationalisation
Optim Invest launches as BNP Paribas IP exits currency management
D'Hautefort revives Overlay Asset Management as Optim Invest, says demand for currency management buoyant
Shining a light on high-frequency trading
Forex trading platforms are intent on tackling any negative effects of high-frequency trading, but the speed of the practice makes it tough to manage the risks. Robert Mackenzie Smith reports
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
FX options initiative of the year: GFI Fenics
GFI Fenics wins the inaugural e-FX award for FX options initiative of the year in recognition of the successful launch of Fenics Trader in 2011
Diverse netting approaches create OTC headache
A lack of legal statutes over netting in several Asian countries means OTC trades could become prohibitively expensive in a post-Basel III world, potentially pushing international banks out of some markets in the region
Managing currency risk: the buy-side perspective
Saima Farooqi asked six industry experts to describe their strategies to navigate through a challenging 2012
Tail risk cheap, but few takers
Market dislocation has created attractive tail risk hedging opportunities, but demand is failing to take off, writes Joti Mangat
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
Insight Investments installs interim management team for currency as Thomas leaves
Currency veteran leaves management firm
Europe’s institutional investors look to alternatives and cost-effective exposure
Institutional investors in Europe favour fixed-income and alternative assets as they continue de-risking their portfolios, with a focus on cost-effective market exposure and downside protection
Gain Capital adopts StreamBase LiveView
Real-time analytics platform will enable Gain Capital to ensure its liquidity partners are providing consistent FX prices
UBS to roll out new currency product to global clients
UBS has been granted a licence from FTSE Group to use its recently launched currency product, FTSE WPU (Wealth Preservation Unit).
Offshore renminbi bond market to take off in 2012
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports