Risk management
CTAs are an inexpensive and effective tail hedge, says AHL
Momentum strategies are rooted in observable market phenomena and tend to perform well in times of financial stress, says AHL’s chief scientist.
Japan institutional investors start unwinding dollar/yen hedge after steep yen drop
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
FX Invest latest edition now available
Read the about the latest developments in forex and cash management; alpha vs beta in currency; the true value of high-frequency trading and the challenges facing the emerging markets
FircoSoft expands its solutions within India through its new partner Peocit
Transaction monitoring technology gains traction in India
The case for gold
Axel Merk and Kieran Osborne at Merk Investments believe recent financial shocks and ongoing turbulence provide major incentives for those considering gold, not just as a safe haven, but also as a protection against inflation
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