Trading
Questions remain on clearing and collateral
While confirmation of the US Treasury exemption came as a welcome development last month, further issues must be resolved in the coming months on the clearing of FX options and margin for uncleared trades
Aussie strength causes problems for corporates after commodities fall
Australian mining companies have historically relied on the correlation between the Aussie dollar and commodity prices as a natural hedge for their AUD exposures, but a recent dislocation has made that hedge less reliable
High-frequency trading: managing the nuclear power supply
New York-based AienTech likens HFT to nuclear power that can be used for both positive and negative purposes, and chief executive Ugur Arslan is preparing to distribute his technology to the broader market in 2013
Almost $1 billion in MF Global UK client assets recovered
Findings of six-monthly progress report published by special administrator of defunct broker
Newscape Capital launches quant FX fund
London-based Newscape believes investors have too much focus on fixed income and equities and should have more capital committed to the FX market
GKFX selects Gold-i Gate Bridge to connect to liquidity providers
Online broker expands product coverage with new connectivity to liquidity providers
NFA takes enforcement action against KS Global Strategies and Khaled Salama
Retail regulator continues to crack down on fraudulent activity
Bloomberg launches CNY market data service through Cfets
New service provides live interbank rates on USD/CNY and eight other renminbi pairs, priced from 26 participating banks
Saxo Bank cuts 266 jobs
Danish bank becomes latest victim of tighter regulatory controls on margin and contracts-for-difference trading
FX Invest latest edition now available
Read the about the latest developments in forex and cash management; alpha vs beta in currency; the true value of high-frequency trading and the challenges facing the emerging markets
FX Week Europe: Aggregation here to stay, say tech providers
The growing fragmentation of trading venues and liquidity streams means the demand for aggregation is as strong as ever, say speakers at FX Week conference
FX Week Europe: Op risk requires greater focus in FX post-Sandy
Investment in business continuity and the robustness of electronic platforms is increasingly important in the light of Hurricane Sandy, say conference speakers
FX Week Europe: Disaster in the eurozone still plausible, warns Neil Record
Founder of Record Currency Management favours a new type of hedging product that protects investors from the exit of eurozone members
FX Week Europe: Corporates go back to basics in tough market conditions
Regulatory change and the increasing costs arising from credit risk mitigation measures on the sell side are a growing concern, according to four corporate treasurers that spoke at the FX Week Europe conference
Euro will survive and RMB will be convertible by 2017, say industry leaders
Speaking in the final panel discussion at the FX Week Europe conference, senior market participants made their predictions about how the FX market will evolve over the next five years
Margin for longer-dated uncleared FX would be unpopular, FSA official admits
While the idea behind a maturity threshold for FX collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition
FircoSoft expands its solutions within India through its new partner Peocit
Transaction monitoring technology gains traction in India
Alpari registers in New Zealand, signalling pursuit for safe-haven markets
Retail brokers pushes out to New Zealand
Low volatility driving FX turnover down, says Bank of England FX chief
Speaking at the FX Week Europe conference, Michael Cross explains why turnover in FX spot is declining for the first time in a decade
Europe not obliged to follow US on FX exemption, warns senior MEP
The European Parliament's position on FX is that it should be included in the scope of organised trading rules under Mifid, vows Markus Ferber MEP
A reality check for emerging markets
Are things a little too good to be true in emerging markets? SLJ Partners’ Stephen Jen thinks so, and warns that healthy GDP figures are not telling the whole story of what lies beneath. Saima Farooqi reports
The case for gold
Axel Merk and Kieran Osborne at Merk Investments believe recent financial shocks and ongoing turbulence provide major incentives for those considering gold, not just as a safe haven, but also as a protection against inflation
Taking HFT to task
As a small group of high-frequency traders (HFTs) rise to prominence as market-makers in spot FX, the reliability of their prices during times of market stress has been called into question – so much so that electronic trading platforms are taking steps…