Trading
Bad clocks block FX best-ex
To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t
Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
R5FX: rupee NDF volumes will grow after CNH-type setup
Offshore rupee trading will increase despite RBI’s move to encourage onshore trading, it is claimed
FX cartel UK class action case receives nod to proceed
UK judge sets timetable of hearings to be heard
IMF praises Bank of Mexico for not intervening in FX market
Peso strengthens against regional peers
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline by curbing digital assets
Turkish central bank supplies lira through stock exchange
Governor acknowledges unconventional short-term liquidity provision, as traditional repo operations come to a halt
Morgan Stanley leads US bank peers in Q3 Ficc revenues
Unlike other US banks, Morgan Stanley’s Ficc revenues made significant gains on a quarterly and yearly basis
BoE’s Tenreyro comes to the defence of flexible exchange rates
Policy-maker challenges conventional wisdom in several areas of economics
Angola abandons currency trading band
Central bank floats currency in bid to alleviate FX shortage, after IMF raises concerns
Argentina tightens currency controls following Macri’s defeat
Left-wing opposition leader Alberto Fernandez wins October 27 presidential elections
ECB and PBoC renew bilateral currency swap
Euro-renminbi currency swap agreement will stay in place until October 2022
First cross-currency swap cleared at Eurex
Morgan Stanley and JP Morgan first to use service and two more banks are onboarding as CCP hopes to extend offering to clients in 2020
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
Algo adoption at inflection point, driven by buy side
Usage in FX is rising, but there are inherent limitations to overall take-up
Spotex introduces risk engine to aid PB expansion
Periscope allows multiple levels of brokers to extend access to the firm’s institutional ECN
The significance of a well-capitalised prime broker
Andrew Wood, business development manager at CMC Institutional, explores the pivotal connection between capitalisation and the future success or failure for funds starting up, and the importance of minimising order rejection.
Refinitiv to launch NDF matching and streaming next year
Matching and streaming of NDFs could create larger liquidity pool and boost their electronic trading
Exchange rate shocks gaining importance for eurozone inflation – research
Core inflation less influenced by exogenous factors, Bank of Spain research paper says
Large FX dealers key to asset pricing – Bundesbank paper
Capital ratios of large forex dealers are important in explaining asset price movements, paper says