Currency derivatives
In a bit of a fix: Refinitiv seeks ideas to improve WM/R
Operator launches consultation following criticism of 4pm fixing rate
Brexit: Pound Set For Volatile Fall after Calm Summer?
If U.S. Dollar Weakens, Who Benefits?
Equities & the Fed: A Dependent or Codependent Relationship?
From early 2014 through 2018, expectations for rate hikes by the Federal Reserve (Fed) moved almost in lockstep with U.S. equity markets.
FX Options Skews: Economics and Implications
Nearly all options markets exhibit some kind of natural skewness.
Surprise RMB strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says forex structuring head
Documentation concerns slow CNY forex derivatives growth
Foreign fund managers need clarity before market can take off, say banks
Legacy booking models impede NDF clearing, banks say
Novation lag holds up clearing of forex products; some say dealers are dragging feet
Forex swap margin treatment uncertain ahead of VM deadline
With one month to go, market participants are still unsure how to treat foreign exchange derivatives
China M&A boom presents unique hedging headaches
Crackdown on ‘fake’ deals adds to risk in contingent hedges
M&A mania: deal-contingents re-emerge but risks remain
Price of forex hedges plummets as dealers flock to offer high-risk, high-reward product
Margin rules lead to NDF clearing surge
Banks look to finally clear forex products, but options remain a challenge
Currency spoofing probe could spell trouble for forex options
Some class action attorneys are watching developments closely
China approves Isda framework for central bank forex trades
Debut for international standard agreements in China
IFC risk management directors wrestle with strong dollar
Weak emerging markets and commodities downturn are also posing a challenge
JP Morgan and UBS compress forex books via start-up
NYC-based LMRKTS first broke cover two years ago; third bank participant is unknown
RMB fall forces Chinese corporates to rethink hedges
Exporters dump forwards; others hedge for the first time
Chinese corporate hedging costs soar after PBoC forex clampdown
New rule leads to 400bp price hikes as companies hedge renminbi fall
Taiwanese banks reinvigorate Tarf market hit by loss and scandal
Industry well prepared for renminbi turbulence after learning lessons of 2014
Corporates face paper structured forex losses from RMB slide
China central bank intervention causes unrealised corporate hedging losses
Banks' NDF withdrawal hits emerging markets currency trading
Banks pull back from warehousing risk ahead of Volcker rule completion
Forex platforms seek new ways to curb last look abuse
Limiting response time for market-makers may become outdated method
India regulator mulls launch of offshore rupee market
RBI explores possibility of capital convertibility through offshore INR trading