Trading
DTCC expands repository footprint into Asia
The DTCC this week unveiled a data centre in Asia to support global reporting but the October launch of its FX repository may slip as a result of CFTC delays, the firm has warned
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
Wiltshire County Council switches out Record for Berenberg Bank
More UK councils switch currency mandates to participate in sterling upside
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Oanda promotes Asia head to CEO
K Duker, head of Oanda's Asia-Pacific division, is to relocate to Toronto to succeed Michael Stumm as chief executive
StanChart boosts CNH liquidity in European timezone
Landmark issuance to drive up liquidity out of London
HSBC builds out offshore renminbi crosses
Rates continuously streamed on interbank platform for direct offshore renminbi crosses for the first time
Nomura’s former hedge fund sales co-head to join UBS
UBS has hired Louis Curran, formerly of Nomura, as co-head of institutional FX sales in Singapore
HFT adds value to the forex market, says Bank of England
While the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the FX market, a senior Bank of England official has argued
All FX derivatives will be cleared by 2014, say CCPs
Senior FX clearing officials expect strong demand to clear the full FX derivatives product set - within two years
South Africa’s Rand Merchant Bank goes live on TraderTools
The implementation of the technology vendor’s liquidity management platform has been completed in record time and is proving very effective, says senior trader
A man of standing: Michael Cross, BoE
During nine years in the markets division of the Bank of England, including three years as head of foreign exchange, Michael Cross has been at the forefront of the central bank’s response to the financial crisis. As chair of the FX Joint Standing…
EU regulators prepare for frenetic countdown to Emir deadline
Senior officials expressed concern yesterday about the volume of work on derivatives reform that must be completed in a very short timeframe
Insight Investments installs interim management team for currency as Thomas leaves
Currency veteran leaves management firm
Greece will stay in the eurozone, says Deutsche’s FX strategy head
Alan Ruskin explains why a Greek exit is less likely than some have suggested, with several factors supporting the country’s future in the eurozone
Chinese yuan tracks regional sentiment, despite fixing
Spot onshore Chinese yuan (CNY) and offshore yuan (CNH) tracked regional sentiment despite USD/CNY fixing coming in at 28pip higher at 6.3233 today (May 17).
Emerging market central banks drive gold demand with reserve diversification
Mexico leads the way in reserve diversification in the first quarter
Europe’s institutional investors look to alternatives and cost-effective exposure
Institutional investors in Europe favour fixed-income and alternative assets as they continue de-risking their portfolios, with a focus on cost-effective market exposure and downside protection
Natixis hires FX sales veteran
Darren Barker has joined Natixis from UniCredit to work in FX sales in London
VIDEO: Euro outlook amid Greek exit fears
John Hardy, global head of FX strategy at Saxo Bank in London, looks at the implications of a Greek exit from the euro.
Forex markets absorb political chaos in Europe
Participants reacted relatively calmly to political developments in Europe last week, and the absence of credible alternative currencies prevented a major sell-off
Gain Capital adopts StreamBase LiveView
Real-time analytics platform will enable Gain Capital to ensure its liquidity partners are providing consistent FX prices
Questions raised over LatAm growth potential
Former head of FX macro sales at Goldman Sachs believes growth in Latin America may have reached its limit, despite widespread focus on currencies such as the Brazilian real
Spotlight on: Jaime Roblesgil, Citi
Citi’s managing director of markets and regional head of Latin America talks to Melanie White about the bank’s growth strategy in the region, and the changes in client appetite for emerging market currencies as a result of the crisis