Swaps

• Our take

FX swaps clearing redux

SA-CCR could unleash the potential of clearing, and may ignite some big changes

• 27 Jul 2020

• Infrastructure

SA-CCR adoption may spur wider FX swaps clearing

With up to 90% lower exposures on offer, dealers say capital benefits could outweigh margin costs

• 07 Jul 2020

• Trading

Banks tout early roll dates for FX swaps as quarter-end looms

Asset managers open to more flexible hedging strategies since March turbulence, say dealers

• 11 Jun 2020

• Trading

Investors trade the drama out of the crisis

How LGIM, Axa IM, Manulife and other buy-siders tackled the toughest markets since 2008

• 13 May 2020

• Trading

Forwards spreads fall but won’t hit January levels, say traders

While bid/offers have shrunk since March’s highs, dealers expect them to remain elevated

• 06 May 2020

• Trading

How carbon-cutting Drax manages currencies and credit

Interview: UK power giant uses option selling – and other tactics – to create hedging headroom

• 02 Apr 2020

• Regulation

Fed extends dollar funding to more central banks

New repo facility aims to ease strains caused by global flight to the safety of dollars

• 01 Apr 2020

• Trading

First SOFR versus CORRA cross-currency swap hits market

JP Morgan and National Bank of Canada extend SOFR cross-currency trading into Canadian market

• 21 Feb 2020

• Tech and data

Average reported daily UK FX turnover hits record high

Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April

• 04 Feb 2020

• Trading

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

• 04 Feb 2020

• Wholesale

FX HedgePool: move to clearing may be irresistible

Jay Moore says balance sheet pressures will redefine buy-side credit relationships

• 18 Dec 2019

• Awards

Best Bank Awards: Standard Bank

Standard Bank is voted Best bank for South African rand/African currencies excluding ZAR at the 2019 FX Week Best Bank Awards

• 20 Nov 2019

• Clearing and settlement

Rising initial margin costs tilts the balance in favour of clearing

As international standard-setters have extended the implementation period of the lowest threshold for the uncleared margin rules (UMR) to 2021, Kahyang Chong, head of ForexClear product, Europe, the Middle East and Africa at LCH, explores the options…

• 18 Nov 2019

• Technology

CLS introduces first data product for FX forwards market

In the past, CLS only provided data products for the FX spot market

• 14 Nov 2019

• Awards

Collaborative solutions for better and wider access to liquidity, leading to improved management and hedging abilities

HSBC explores how its collaboration-based offerings and solutions can provide greater and more efficient access to liquidity, and explains why opening up direct access to its global network gives corporate and institutional clients improved management…

• 23 Oct 2019

• Foreign Exchange

Best FX analytics award – Bloomberg

Satisfying diverse market needs in Asia has proven a challenge, as firms demand efficient workflows and greater access to international markets. Bloomberg explores how its analytics offerings can meet the needs of clients, increase transparency in the…

• 23 Sep 2019

• Awards

FX house of the year – Malaysia

Thomas Tan, CIMB’s Kuala Lumpur-based global head of treasury sales and FX, explains how the bank has responded to the call for improved efficiency and more accessible FX liquidity via such platforms as Clicks and BizChannel, and a night desk serving…

• 19 Sep 2019

• Trading

BIS: FX volumes rise to $6.6 trillion, London trading soars

While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up

• 16 Sep 2019

• Awards

FX house of the year – Japan

It is said that smooth seas don’t make for skilful sailors – and today’s foreign exchange market is no exception. This year, corporates and institutions in Japan looking for a steady hand in the storm of geopolitical uncertainty have looked to Nomura for…

• 04 Sep 2019

• Wholesale

MUFG eyes financial institutions, pension funds in expansion

Japanese bank wants to build a broader client base beyond corporates

• 15 Aug 2019

• Trading

FX trading in London hits record high

UK capital cements position as largest FX hub; New York sees significant fall in daily turnover

• 25 Jul 2019

• Trading

trueEX to shut; deal done with crypto venue

Would-be disruptor will exit swaps business on July 19

• 11 Jul 2019

• Foreign Currency

Renminbi internationalisation gathers pace

China is continuing its drive to make the renminbi an international currency, as well as opening up its onshore financial system to international investors, thus increasing opportunities to hedge investments in China. Volkan Benihasim, head of FX cash…

• 08 Jul 2019

• Trading

US-China trade war: market complacent in underpricing ‘no deal’

Options or swaps said to still be cheap to hedge if tensions persist

• 10 May 2019