Trading

• Trading

Locals give cautious welcome to exotics’ passage to India

Corporates still wary about structured derivatives five months after lifting of trading ban

• 12 May 2022

• Trading

Market braces for end of Russia central bank sanctions carve-out

Isda AGM: general licence expires on May 25, threatening bond payments and deliverable ruble settlement

• 11 May 2022

• Trading

Revival of FX carry strategy leaves quants unconvinced

Record returns in March give little comfort that strategy is ‘back’

• 10 May 2022

• Trading

Pricing data is key to unlocking FX swaps e-trading

Digitec’s Stephan von Massenbach on why automation is needed for e-trading to reach its potential

• 10 May 2022

• Trading

Fortunes of VAR: dealers decry effect of war on risk models

European banks with large Russian derivatives exposures face risk of backtesting exceptions – and higher capital requirements

• 09 May 2022

• Trading

MSIM's baffling $400m options splurge

Funds owned or advised by the manager have spent vast sums on a USD/CNH strategy that appears not to have paid off

• 05 May 2022

• Trading

Banks turn to analytics playbook to take on FX platforms

Dealers aim to lure clients from high-fee multi-dealer platforms with improved investment analytics

• 27 Apr 2022

• Trading

What every FX client should be asking their order provider

Commerzbank’s head of eTrading services, Nickolas Congdon, discusses the FX industry’s challenges around FX resting orders, streamlining manual processes and enabling objective order execution

• 26 Apr 2022

• Trading

SA-CCR hits Citi’s FX forwards pricing

Four clients say US bank has quoted “less competitive” spreads as a result of new capital regime

• 22 Apr 2022

• Trading

Yen exotics re-hedging fuelled vol surge, say traders

USD/JPY spike forced dealer stampede into call options, pushing FX vol even higher

• 14 Apr 2022

• Trading

Russian ruble trading steps back in time

Wild spread swings see offshore RUB market and electronic trading disappear

• 13 Apr 2022

• Trading

New FX trading engines power growth for banks in Singapore

Influx of banks setting up electronic matching engines drives trading volumes in city-state

• 05 Apr 2022

• Trading

FX class action case to go ahead on opt-in basis

Firms will have to sign up to US-style class action against six banks accused of FX manipulation in UK

• 01 Apr 2022

• Trading

EMTA facing calls from FX industry for alternative RUB fixings

Sources also concerned about Ukrainian NDF fixing, which hasn’t changed since invasion began

• 31 Mar 2022

• Trading

Optiver aims to gatecrash FX options private party

Dutch non-bank hopes to exploit shift to electronic markets in OTC options, following record $7bn trading day

• 29 Mar 2022

• Trading

OTC nickel contracts stuck despite trading resumption

Contracts still unable to settle using new prices, but Isda solution may solve the issue

• 24 Mar 2022

• Trading

Ruble fixing conundrum sparks new debate on pricing benchmarks

Uncertainty over Russia-linked hedges raises prospect of a replacement for Moscow Exchange fix

• 22 Mar 2022

• Trading

MSIM holds half of FX options notionals among US funds

Counterparty Radar: Manager tops up on USD/RMB calls to extend lead and helps Goldman into second place among dealers

• 18 Mar 2022

• Trading

Market braces itself for EBS’s great migration

FX industry prepares for tectonic shift as venue moves to CME Globex

• 17 Mar 2022

• Trading

Pimco, Franklin Templeton affiliates top for Russia derivatives exposure

Counterparty Radar: Funds had biggest long exposures to Russia across credit, rates, FX at end of Q4

• 15 Mar 2022

• Trading

JP, Goldman and TD surge in FX forwards as Citi falls back

Counterparty Radar: Citi drops to fifth, losing a third of market share with US mutual funds

• 15 Mar 2022

• Trading

‘Broken’ euro FX options market facing liquidity concerns

Traders worry about market depth as surge in put buying sees risk reversals hit extremes

• 10 Mar 2022

• Trading

‘Dead’ derivatives market leaves big Russia dealers unhedged

VTB and Sberbank face directional exposure to local corporates after mass unwinds by foreign banks

• 09 Mar 2022

• Trading

Market poised for further trading time reductions across ECNs

As Cboe FX halves trade response times, others are expected to follow – for better or worse

• 08 Mar 2022