Foreign exchange
Foreign Exchange House of the Year
Foreign Exchange House of the Year
RBS launching gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
Thaker quits Bank of America Merrill Lynch
Global head of structured rates and currencies trading Neh Thaker leaves bank
Multiple repositories must adhere to common standards, says CPSS-Iosco
International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards
Banks departs BNP Paribas
BNPP's global head of forex and local market sales left the bank last week and is expected to leave the industry altogether after 24 years
Swiss franc strength attributed to 'absolutely no liquidity'
Dramatically reduced liquidity in August, coupled with sovereign debt concerns in the eurozone, have combined to strengthen the Swiss franc, say strategists
New proposals could take the sting out of Sefs, say industry experts
The appearance of the Sef Clarification Act last month, coupled with a changing mood in Washington, DC, has given rise to a more positive outlook among e-commerce experts
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in foreign exchange markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
Special report: Foreign exchange
Asian currencies on the rise
Corporate FX hedging surges in Asia
Surge in structures
Electronic FX trading in Asia may switch to multi-dealer platforms
Changing channels
Questions raised over UK’s forex volume surge
Market participants attribute a range of factors to the 23% rise in foreign exchange turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
Greece’s second bail-out met with relief
Traders and strategists believe latest rescue package is a positive development, but expect further pain ahead as it is implemented
FX Week USA: Niche services rather than volume set to dominate FX
Conference speakers discuss the changing nature of the foreign exchange market, and agree successful providers in future are likely to be those that can offer a range of niche services rather than those with the highest volumes
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
Linking autocall phoenix structures to FX and emerging markets
From Phoenix to forex
Structured credit landscape revives the basics
Credit goes back to basics
Further liquidity fragmentation in foreign exchange predicted
Market-damaging behaviour should be controlled, but separation or elimination of high-frequency trading would be damaging to the market’s equilibrium, ClientKnowledge argues in research published today
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants