Trading
Inequality and deflation will be key trends in 2014, Saxo predicts
Danish bank publishes its 10 'outrageous' predictions for 2014, mooting the possibility that five fragile EM currencies could fall by as much as 25% against the dollar
Perspectives on 2014: Nigel Khakoo, Nomura
The market is now better prepared for the Fed to scale back quantitative easing than it was when the idea was first mooted in May, but concerns remain over regulatory issues and the buy side should be more involved, says Nigel Khakoo, head of Emea FX at…
Perspectives on 2014: James Kemp, global FX division
As the regulatory pendulum shifts from the US to Europe next year, there will be new challenges ahead, particularly as new trade reporting requirements come into force in February, says James Kemp, managing director of the GFMA’s global FX division
Perspectives on 2014: David Tait, Credit Suisse
By integrating FX, rates and commodities under a single umbrella, global macro products, Credit Suisse hopes to embed a radical change of culture that will cater more directly to the cross-asset needs of its clients, says business co-head David Tait
Perspectives on 2014: Axel Merk, Merk Investments
The timing of QE tapering will remain a dominant theme in the coming months as many currencies remain beholden to central bank decisions, while the eurozone crisis is still far from over, warns Axel Merk, president and chief investment officer of Merk…
Integral to roll out second-by-second FX benchmark rates
New product is to be introduced in January amid the international regulatory probe into alleged manipulation of the FX benchmarks by traders at top-tier banks
Thomson Reuters ‘considering’ randomisation on Matching platform
The largest FX trading platform by volume could be the latest trading venue to apply randomised pauses, following EBS and ParFX
Caplin launches hosted single-dealer platform service
Caplin Direct managed service is designed to provide an out-of-the-box platform for banks looking to distribute FX liquidity
Sberbank looks to FX growth as ruble accelerates
As Russia's central bank looks to a free-floating currency regime by 2015 and CLS pushes the addition of the ruble, Sberbank's new FX trading head Steven Weller sees significant growth opportunities
Buy side could miss Emir reporting deadline
Banks are racing to meet a February 12 deadline for trade reporting under European rules, but buy-side firms might not be ready to meet their obligations in time
SG CIB joins ParFX as latest bank member
The French bank has become the 12th founder member of ParFX, while Bank of America Merrill Lynch started trading last month without becoming a member
Rising cost of credit drives corporates back to voice trading
Corporate treasurers have been facing up to the increased costs of hedging as their bank counterparties deal with regulation, but some say rising credit charges are driving them to revert from electronic platforms to voice trading. Joel Clark and Miriam…
StanChart looks to eclipse rivals in OTC derivatives
New 'Eclipse' business under Andrew Sterry and Luke Brereton will focus on execution, clearing, liquidity and portfolio services in over-the-counter derivatives
FX Week Europe: 'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials
FX Week Europe: Eurozone break-up ‘inevitable’, says ECU currency chief
Short-term policies have delayed the break-up of the eurozone, but a disorderly exit of debt-laden countries is inevitable, says chief investment officer Michael Petley
FX Week Europe: Currency managers need to react to short-term trends
Buy-side speakers at the conference divided on prospects for the euro, but all agree investment needs to adapt to short-term trends in currencies
FX Week Europe: Fix reform must address risk-reward imbalance
Banks should be better compensated for the risk they take when executing trades at benchmark rates, say panellists at London conference
FX Week Europe: Fed is in ‘La La Land’ on monetary policy
SG CIB's chief currency strategist hits out at Federal Reserve's failure to appreciate the implications of its QE and interest rate policies
Industry in discussions to change FX benchmark calculation, says ECB official
Senior market participants have suggested widening the time window in which benchmark exchange rates are set in FX, following allegations of manipulation
Mifid rules could force FX swaps onto OTFs
Trialogue negotiations on Mifid II are expected to conclude by February, but traders fear they could include a mandate for FX swaps to be traded on organised trading facilities
FX market participants express concern and confusion over Sef trading
Trading on swap execution facilities in the US was introduced in a cloud of confusion and uncertainty. The market seems to have recovered from the initial shock, but there are concerns that Europe’s take on Sef trading will do longer-lasting damage. By…
Lynn Challenger talks to FX Invest
Michael Watt asks Lynn Challenger, managing director of global trading at Mellon Capital Management, about the ups and downs of 2013, the merits and demerits of FX trading styles, and his outlook for 2014
Systematic FX traders search for solutions after tough year
Some say systematic trading’s reliance on macro events and its slaveish dependence upon automation produces inconsistency, but is discretionary trading any better? Maybe a combination of both could be the answer. Michael Watt reports
FX Week Forum: Citi tops Best Banks survey
Joel Clark interviews Anil Prasad, Citi's global head of foreign exchange and local markets, after Citi was voted top in FX Week's annual market survey