Taxonomy term view

Trading

Cross-currency swaps set to ditch Libor in ‘RFR first’ drive

A plan to oust Libor in September is expected to spur voluntary RFR adoption for euro legs

30 Jul 2021

Trading

How long should TWAP algos run?

BestX says modelling typical durations by notional per pair could be used to create a new algo benchmark

27 Jul 2021

Trading

US mutual funds’ crypto holdings doubled to over $1bn in Q1

BlackRock and MSIM are among 16 US fund managers dipping their toes into crypto investing

20 Jul 2021

Trading

Updates to FX Global Code include pre-hedging guidance

GFXC updates 11 of code’s 55 principles, including advice on controversial practice of pre-hedging

16 Jul 2021

Trading

FOMC surprise led to hedge fund losses, say traders

Fast money caught out by June dollar bounce after Fed’s surprise hawkish tone

09 Jul 2021

Trading

Futures aim to put a dent in FX swaps supremacy

Advent of margin rules sharpens appeal of exchange-traded instruments for buy-siders

06 Jul 2021

Trading

The future of FX clearing and where the market could end up

Uncleared margin rules (UMR) implementation is a large undertaking for firms and there remains a great deal of preparatory work to ensure UMR readiness, with complex infrastructure and resources needing to be put in place. FX is not part of the new rules…

05 Jul 2021

Trading

Renminbi splurge lifts BNPP, MSIM in Q1 options data

Counterparty Radar: Morgan Stanley IM is largest options user, following series of huge renminbi calls

01 Jul 2021

Trading

Hedging valuation adjustment gets cold shoulder from banks

Dealers back the idea of charging for hedging costs – including FX options – but not as part of a new XVA

29 Jun 2021

Trading

Jumbo trades propel BNPP, TD up forwards rankings

Counterparty Radar: In Q1 2021 data, outsiders are eating into US banks’ business with domestic funds

24 Jun 2021

Trading

Inside Wells Fargo’s bid to take on big FX players

The third-largest US bank by assets plans to use large corporate flows to lure institutional clients

17 Jun 2021

Trading

Crypto market structure pushing institutions towards synthetics

Credit risk and custody challenges with spot could push investors to derivatives and ETPs

11 Jun 2021

Trading

BNP and Deutsche add new Brazil NDF algos

The banks add USD/BRL to their respective suites, with tenors tied to the onshore futures expiries

10 Jun 2021

Trading

Algos on parade: how top FX algo providers stack up

New FX Markets algo database shows differences across internalisation, analytics and client data handling

08 Jun 2021

Trading

Swissquote banks on swaps and forwards for institutional clients

Institutional FX liquidity manager Maxime Mordelet explains Swissquote’s plans to broaden its product range, with a focus on becoming more competitive in FX swaps and forwards

02 Jun 2021

Trading

Is ‘retail’ FX flow becoming more challenging?

With retail flow on the up, there is a need to capture and grow into the new opportunities being presented. Finalto is doing just that with its expertise and innovative, flexible offerings

02 Jun 2021

Trading

Chinese exporters urged to ramp up US dollar hedges

Dealers join China’s Safe in sounding alarm at mounting unhedged FX exposures

27 May 2021

Trading

Quant fund aims to tame bitcoin, and 39 other digital assets

Ex-Morgan Stanley, Winton vets reimagine institutional risk management for volatile crypto markets

26 May 2021

Trading

FX code adherents may get better pricing, say LPs

If trading platforms reveal buy-siders’ code status, signatories could see lower prices

13 May 2021

Trading

The global FX code – Digging deeper on ‘last look’

The global FX code has – at a top level – succeeded in improving the quality of the eFX market in recent years. A set of common principles has been laid down and received well but, with a public consultation that could result in further reform, Richard…