Volatility
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
Pragma calls for flash crash definition
Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
CFTC approves CME and Cboe bitcoin futures
But warns investors it has limited statutory authority over the underlying cash markets and exchanges for bitcoin, which are largely unregulated
BitFlyer launches US-based platform
BitFlyer USA is designed for professionals trading $100,000-plus in virtual currency each month
Convergence could ignite volatility, says TD Securities
As convergence of macroeconomic conditions gathers pace in 2018, rotation of capital will favour non-dollar assets
Oh swaps Mizuho for BNP Paribas
FX options specialist will focus on expanding the French bank’s Latin America footprint
CME to launch bitcoin futures
Pending regulatory approval, the cryptocurrency will become available on the world’s largest derivatives exchange operator by the year-end
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Cairn treasurer denies knowing HSBC would pre-hedge order
Yet neither the corporate nor its adviser instructed the bank how to deal with the $3.5 billion order
FX market braces for Brexit night
As Britons head to the voting booths to decide the future of the UK, all eyes are on sterling pairs
Policy divergence is biggest macro risk – reserve managers
Survey of central banks shows monetary policy, negative rates and China are top concerns
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
G10 implied volatility hovers at extreme lows
Lowest levels since January 15 suggest investors are expecting a quiet summer
How volatility eats itself and why everyone should care
Helen Thomas, author of popular financial blog Blonde Money (http://blondemoney.co.uk/helen-thomas/) says the market is set for a serious pick-up in volatility
What will revive fallow FX?
In more than 40 years since the collapse of the Bretton Woods system, rarely has FX volatility been so low. IG's Patrick Foot examines current conditions
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Corporates eye FX options as hedging tool
Treasurers are becoming increasingly interested in FX options to fights rising costs, but face a battle to implement them at their firms
Translation risk hits corporate earnings
Millions have been wiped off corporate profits last quarter as a result of converting back earnings from depreciating currencies
Lack of FX volatility helps banks with staff shortages
A significant market event is likely to stretch fewer FX traders at banks, which could lead to advantages for those not embroiled in the FX investigation, say market participants
FX Week Europe: Low volatility blurs distinctions in e-FX
Only the return of volatility will determine which new and incumbent platforms have gained or lost market share, says SEB's Alastair Crane
Political risk biggest challenge for Mena investors
Unable to predict the outcome of current turmoil in Syria and Egypt, investors have mixed outlooks for the Mena region over the coming months
Tarns gain favour as investors seek to exploit range-bound pairs
Target accrual redemption notes have regained some popularity after losing favour during the crisis, but investors are keeping a firmer eye on the risks, say dealers
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher