Trading
Barclays creates macro products business
Mike Bagguley leads new business group at the investment bank, which comes soon after Barclays announced 7,000 job cuts over the next three years
Standardisation reaches back-office functions
The fragmented nature of FX has made client management on platforms costly and cumbersome
EBS Live moves to 50 millisecond updates
EBS Live set to update twice as fast as previously, while minimum quote lives will be halved
Corporates defend macro-hedging strategies
UK corporates defend their risk management strategies, unconcerned by the prospect of a Scottish currency affecting their UK portfolios
Corporates worry over post-clearing NDF liquidity
Corporate treasurers fear likelihood of higher costs for cleared NDFs, reducing liquidity in the sector
FX dealers work with Nasdaq OMX to launch trade monitoring service
Nasdaq OMX and six major currency trading banks collaborate on further transparency efforts
FX Focus - Editor's Letter
The renminbi rise is good news for some, but bad news for others. Michael Watt introduces the latest edition of FX Focus
FX Focus Q&A - Francois Masquelier
The renminbi may be looming large in the minds of FX market-makers, but many corporates with exposure in China are still some way behind the curve when it comes to hedging, according to Francois Masquelier, chairman of ATEL, Luxembourg’s association of…
Market participants lose out as renminbi volatility increases
The renminbi’s depreciation in early 2014 caused a scramble among FX users, and there may be more volatility on the way
NDF liquidity in doubt as clearing approaches
Central clearing has been a long time coming for the non-deliverable forwards market and participants worry its eventual arrival may damage liquidity. By Robert Mackenzie Smith
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Morgan Stanley comes top with restrained dollar view
Morgan Stanley believes the greenback is set to benefit as US economy regains momentum
Tarf trouble in Taiwan: Sliding renminbi threatens heavy losses
Derivatives linked to the US dollar-renminbi exchange rate have been successful during the Chinese currency’s four-year rise. But now it is sliding, corporate users are looking at heavy losses
Bitcoin trading needs bank liquidity, says Saxo chief
Digital currencies need banks to support liquidity formation but stronger framework needed, says Saxo's chief executive
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
Non-bank market-makers to increase role in FX
Non-bank market-makers to gain ground against banks in the increasingly commoditised business of market-making in FX
Translation risk hits corporate earnings
Millions have been wiped off corporate profits last quarter as a result of converting back earnings from depreciating currencies
StanChart looks to cut reliance on human traders
Changes come amid wider refocus of FX operations, including moving some FX derivatives to London and Singapore
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
ITG study finds fixing time "irrational and expensive"
ITG looked at eight currency pairs on Thomson Reuters Matching, one of the data sources for the now controversial WM/Reuters fix
ANZ wins with bullish view on cable
ANZ has correctly predicted that cable would rise rather than drop to the 1.65 area by end of April
State Street centralises Currenex liquidity access
Firm aligns trading and clearing processes across asset classes
The squeeze on spot FX
Market-makers battle compressed margins in spot currency trading
Senior FX departures highlight changing market structure
Issues ranging from low volatility, benchmark investigations to regulatory change have led to senior participants leaving the the market either temporarily or permanently