Trading
Non-bank market-makers step into the breach as banks turn to agency
Buy side continues to worry about the reliability of non-bank market-makers, despite their presence during a technical glitch and volatile trading times
Patten and Jones cash in on Liquidity Pool sale to Xenfin
Former Mako FX platform taken on by technology firm
Standard Chartered creates new head of RMB sales role
Zhou Cheng Gang to lead development of RMB capabilities
Investment managers ramp up leverage with NDFs
Both pension and mutual funds have become increasingly interested in the higher leverage achievable on cash-settled products compared to physically-settled derivatives
More currency floors a possibility in deflation fight - HSBC
Deflationary pressure is the key driver of potentially new currency floors in European currencies, says Bloom
GFI board to review BGC buyout offer
Board still states preference for pre-existing CME deal
Buy side joins calls for delay to NDF Sef trading
NDF trading should not begin on Sefs until rates and credit issues are resolved, say market participants at Risk USA
Benchmarking fines could cost banks $40 billion, says Citi
Analysts believe the impact is already priced in as Ficc revenues rise
FXSpotStream finds niche in cash-strapped times
Intense focus on cost cutting has benefited multibank aggregator service FXSpotStream, which is on course to introduce streaming for forwards from November 30
How volatility eats itself and why everyone should care
Helen Thomas, author of popular financial blog Blonde Money (http://blondemoney.co.uk/helen-thomas/) says the market is set for a serious pick-up in volatility
Esma kicks off NDF-clearing consultation
Timeline for implementation still vague, with options clearing also lagging
BBVA wins with upbeat view on US economy
The US dollar should extend its gains as the economy takes off in contrast to other major developed economies
Product launches, October 20, 2014
Swissquote unveils information portal, Caplin systems publishes white paper on mobile trading, and more
FX Focus - Corporates accused of pricing complacency
Corporates are in a pricing ‘nirvana’ at the moment. Hedging is cheap, transparent and easy, but how long will this last? Some treasurers have concerns over complacency towards the impact of market volatility, while regulatory reform could push up prices…
FX Focus - No corporate love for Clobs
Corporates have yet to yield to the charm of central limit order books, as regulatory pressures and pricing issues keep them tied to the request-for-quote model. Meanwhile, swap execution facility liquidity is improving, but worries over market…
FX Focus - Editor's Letter
Senior corporate treasurer warns current 'nirvana' in corporate hedging costs is coming to an end
Electronic trading grows tenfold in some EM currencies
Delegates at the FX Week Asia conference in Singapore heard about the challenges and opportunities Asian electronic trading offers
Would-be Sefs fear ability to access market
On-Sef FX dominated by just five providers, and start-up costs are high
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
EBS hit by outage
Spot platforms down for 25 seconds, affecting London-based traders
Marano joins Gain Capital's GTX
Industry veteran joins from Hotspot FX and will be based in New York
G-20 needs to arrest currency wars to stop Asian deflation
Callum Henderson, global head of FX research at Standard Chartered calls for leaders to put a stop to currency wars; says SGD is an ideal candidate for funding relative value carry trades in Asia
Systemic risks in the market on the rise, says Iosco economist
Risk-taking activity yet again at near all-time highs and return of complex financial instruments is another troubling sign
Tech and infrastructure demands of reporting data put pressure on banks and regulators
The terabytes of data regulators receive every day is challenging for both banks and supervisors