Trading
No need for Sef Clarification Act, says CFTC's Gensler
Dodd-Frank requires transparency for derivatives trading, CFTC chair says - and final Sef rules will reflect that
Investing in the internationalisation of the renminbi
Despite a forecast slowdown in Chinese growth in 2012, Helen Lam, senior portfolio manager at Allianz Global Investors in Hong Kong, believes the long-term internationalisation of the renminbi will lead to continued currency appreciation this year. Saima…
China-focused hedge fund gains on domestic bets
Hedge fund CSV Capital Partners sees Chinese domestic sectors rising even as economic growth slows. The fund backs companies with exposure to the Chinese consumer as retail sales continue to grow.
CME to launch portfolio margining on interest rate swaps and futures
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
CME kicks off client clearing ahead of competitors
CME stole a march on rivals when it cleared its first NDF last week, as the Brazilian real contract was a client trade
The year of the dim sum bond
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports
LCH.Clearnet splits default fund
UK-based clearer gets member approval to break up default fund - part of a package of measures responding to CFTC limits on clearing house membership criteria
Ex-Credit Suisse e-FX head joins RBS
Nicholas Barker, who left Credit Suisse in November 2011 and had previously worked at UBS for 10 years, has joined RBS
Solvency II highlights need for currency risk management
Solvency II is expected to impose a specific capital charge on currency mismatches between assets and liabilities for European insurers and re-insurers, bringing currency risk under the regulatory spotlight for the first time. Although FX managers are…
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Buy side looks to cloud-computing for price transparency
Interest in cloud-based trading technology by buy-side institutions is rising as a way to improve price transparency, in the wake of lawsuits brought against US custodian banks over the mispricing of foreign exchange trades, say market participants
Shake-up in UK council pension schemes’ currency mandates
UK local government pension schemes are focusing attention on currency exposures in overseas assets, resulting in a shake-up in currency mandates
HSBC hedge fund sales head to join JP Morgan
Michael Spencer, who has resigned from HSBC, is expected to join JP Morgan to work in hedge fund sales
FX repository moves to production ahead of October launch
The DTCC began user testing of its new trade repository on May 1, and plans to have full regulatory and public reporting up and running by the fourth quarter to meet CFTC deadlines
Eurozone crisis is a 'bomb about to explode', says Neil Record
The founder and chairman of Record Currency Management believes the euro has been mortally wounded and will struggle to survive in its current form
Spotlight on: Neil Record, Record Currency Management
The founder and chair of Record Currency Management talks to Robert Mackenzie Smith about the growth of the firm over the past three decades, as well as the challenges posed by the financial crisis and his shortlisted entry for the Wolfson Economics Prize
Spotlight on: Sven Carlsson, Ericsson Group
The head of markets at Ericsson talks to Joel Clark about the change in the telecommunications group’s treasury function and FX hedging strategy over the past 17 years, as well as his views on new regulation
Weighing up renminbi prospects
Despite the high-profile attention to London's potential as the western hub for renminbi business, central bank and corporate appetite for the currency appears lukewarm
Why the Q1 risk rally was a glass half empty
Following a risk rally in foreign exchange markets during the first quarter, several of the positive drivers of that rally have now dissipated. Looking ahead to the rest of the year, Callum Henderson explains why investors should continue to short…
Danske wins with range-bound euro forecast
The Danish bank accurately forecast on March 23 that EUR/USD would remain at 1.32 in a month’s time – a view that proved entirely accurate
Investors flock to the Mexican peso
Following significant appreciation of the Mexican peso during the first quarter of 2012, the currency has become a favourite emerging market bet for investors, and market participants believe it will stay that way. Melanie White reports
Overcrowded market for forex options platforms will lead to consolidation
With at least six new multibank options platforms now competing for market share, differentiation is crucial for participants, but some believe consolidation of platforms is also inevitable. Chiara Albanese reports
FX Invest North America: Eurozone crisis resolution still unclear
Panellists at FX Invest North America divided on whether the eurozone crisis will lead to the exit of Greece from the currency union
Economic recovery on track but risks remain, warns IMF
Global growth should rise from 3.5% to 4.1% next year, although capital flows into emerging markets give some cause for concern, according to a senior IMF official