News/Risk Management
Options clearing on track, says LCH's new head of FX
While options clearing is still in the pipeline, cleared NDFs peak
FXCH clears first institutional FX spot trade on blockchain
FX Clearing House from Ireland-based Baxter FX sets its sights on becoming the go-to CCP for all spot FX participants
Some asset managers remain overweight in EM currencies
Some buy-side firms expect them to outperform their European counterparts
Brexit will give non-banks a spot-market boost
Adding to dealer banks' decreasing risk appetite could spell trouble
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson
Non-banks charge ahead, but HFTs see warning signs
New risk-warehousing models are outpacing non-bank players that rely on latency advantages
Retail brokers tighten margins ahead of EU referendum
Saxo, FXCM and IG Group have already taken the first steps to reduce risks for their clients, while others stand ready to act
Global Code architects pledge to keep principles updated
The FX code of conduct will evolve to reflect market changes
Corporates explore new risk management paths
Understanding and resolving internal issues comes to the fore
ADS sees $1.3 trillion credit gap as it launches prime-of-prime
ADS Securities says it is ready to step up to fill the gap left by FX prime brokers with a true PoP service
April CLS volumes point to higher BIS figures
Bumper month will be basis for BIS triennial survey; ticket sizes likely grew as instruction number fell but value rose
Non-bank LPs boosted by TCA developments, study finds
Financial consultancy Greenwich Associates sees counterparty diversification as a strong trend
FX piques interest of institutional investors
Volatility in currency markets keeps asset managers busy as clients question the impact of FX on investments
ThinkLiquidity partners FX Bridge
Deal aims to strengthen risk management offerings for brokers
Compliance officers should look beyond third parties
The risks facing firms are usually at other levels of the business relationship, say financial industry experts
Liquidity woes are curbing FX growth
Difficulties in accessing alternative liquidity pools and the rising cost of trading are creating unexploited opportunities
FX risk worries grow for US pension funds
Currency risks have risen on the list of priorities for pension funds amid fears of future negative cashflow
LatAm investors urged to watch FX exposure
Fitch Ratings says currency volatility increases risk for infrastructure projects
Sell-side shift creates opening for OMS vendors
With the buy side moving in a multi-asset direction, sell-side firms are tailoring their desks to meet new demand. Broker-dealers now want their order-management systems to do more
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
Regulation will change markets, but slower than expected
But market participants say they are in the early stages of a transformation that could accelerate in the coming years