Dealers lose over $300 million in scramble to hedge autocallables
KSD lost the tender to be the domestic TR but will operate the LEI process
Potential losses for global banks and local firms estimated at $300 million
Attempts to reboot a stalling Kospi will fall short according to market players
Move to mandate non-deliverable forward clearing could drive forex futures market
Fresh uncertainty over Esma's recognition of KRX's OTC clearing house
KRX set to receive no-action relief from the CFTC later today
Further liberalisation of Korea's capital markets gives securities firms a chance to expand
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
Legislative hold-up means Korea OTC derivatives clearing will be delayed
Costing stressed VAR
Prime brokers speaking at Risk/Return Korea voiced concerns over the potential for regulations to strangle the country’s nascent hedge fund sector
The US exchange operator hopes to create a transparent, liquid futures contract for renminbi, offering an alternative to the privately negotiated market. But the launch was delayed due to settlement system problems and some traders believe the exchange...
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory...
The FSC in South Korea has introduced new measures aimed at stopping scalpers from making undue profits in the warrants market. But dealers are concerned the new rules are inadequate and may shrink the market unnecessarily as a consequence.
Bank of Korea wrong-foots market with rate hold; questions raised on anti-inflation stance and bank NPLs
The Bank of Korea held interest rates yesterday in a surprise move which caught fixed-income traders who had factored in a 25-basis point rise by surprise. The move questions Korea’s efforts to tackle inflation and raises concerns that the central bank...
Looking both ways
Playing with four currencies
Primed for portfolios