Trading
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon
PBoC eases despite continued depreciation fears
China's central bank cuts reserve requirements amid intricate balancing act between buoying slowing growth, maintaining financial stability, and safeguarding the value of its currency
Rabobank wins with a close cable call
Jane Foley, senior currency strategist at Rabobank, sees political uncertainty over Brexit as the catalyst for more sterling volatility
Asset managers need better handle on costs, processes
Panellists highlight the challenges they face in the pursuit of best execution
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
PBoC’s Zhou dismisses talk of renminbi devaluation
China’s governor says the country is “opposed” to competitive devaluation and capital outflows are likely to subside
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
UBS reshuffles FXPB ranks
Oh makes his exit, Connolly and Bader take on global co-head roles, and Rosoman moves up
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Marquard takes on strategy role at CLS
He is still general counsel and representative for legal matters to CLS's executive management committee and CLS Group board
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
Goldman's Patel joins XTX Markets
Jigar Patel will head the market-maker's e-commodities business
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Wells Fargo takes top spot with five close calls
The US bank expects another Fed hike towards mid-year
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Volatility to be persistently higher as uncertainty rises
But Goldman Sachs Asset Management's head of international market strategy sees recovery in the global economy
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison