Risk management
Sell at dawn and go away – but come back after lunch
Historic and well-known intraday seasonal patterns can deliver return-to-risk ratios in excess of 1. Tradefeedr’s Alexei Jiltsov explores whether execution desks should employ these factors
Ion’s wrists slapped in probe of Broadway deal
Competition watchdog extends initial investigation, after Ion failed to comply with call for info
FSB outlines 10-point plan for stablecoin risks
Some powers already exist but stablecoins may cut across regulatory boundaries, report says
Treasurers turn to AI in bid for sharper forecasting
Wider automation could usher in future of 'hands-free-hedging', but obstacles lurk in data standards and sharing
FX HedgePool goes live with three buy-side firms
Two US buy-siders trade with European firm on peer-to-peer utility created for them to source liquidity from each other
BIS calls for wider adoption of FX Global Code
Yet some industry participants question the benefits of asset managers signing up to the voluntary principles-based document
Refinitiv pledges FX brokerage to Australian bushfire relief
The area already burned is triple the size of the land destroyed by the 2018 California fires and six times that of last year's fires in the Amazon
Morgan Stanley more than doubles Q4 Ficc revenues
All US banks see Ficc revenues improve substantially in Q4 versus a year ago
Colombia culls external reserve manager to boost competition
From 2016–18, the central bank reduced the number of institutions from seven to six
Cboe plans comeback in crypto markets
US exchange plans to offer crypto derivatives after previous attempts at regulatory approval to list crypto ETFs thwarted
Rival FX class action suit complicates cartel rigging claims
Only one can prevail, says judge of O’Higgins and Evans suits
Citadel Securities: more TCA in 2020 to expose liquidity recycling
TCA should show difference between providers who hold risk and recyclers of liquidity, says market-maker
Top 10 stories of 2019: a retrospective
FXPB pricing disputes, debate over last look and court cases were keenly followed stories
XTX: top 10 banks will move to zero hold times in 2020
Awareness and competitive pressures will compel market-makers who have held out to cut holding times
Volatility becalmed, trade in FX options plummets
With central banks in tandem on policy, market churn lessens considerably
First all-RFR cross-currency swap traded
Goldman Sachs and Morgan Stanley strike landmark €STR v SOFR trade
SVB Financial Group invests in TickTrade Systems
Parent company of Silicon Valley Bank partners Toronto-based fintech to strengthen FX offering as client base goes global
Bad clocks block FX best-ex
To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t
BNPP appraisal challenges Katz’s credibility
Former trader’s supervisor highlighted poor performance on FX swaps and bad risk management in 2011 review
FX cartel UK class action case receives nod to proceed
UK judge sets timetable of hearings to be heard
First cross-currency swap cleared at Eurex
Morgan Stanley and JP Morgan first to use service and two more banks are onboarding as CCP hopes to extend offering to clients in 2020
Deal misfires expose risk of contingent hedging
Banks hike premiums on deal contingent swaps amid Brexit uncertainty
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities