Bank of Mexico overhauls peso closing rate in fillip for derivatives

Home https://ift.tt/sjxB45o2e Dealers welcome changes which, they say, will iron out kinks in valuing swaps, forwards and other currency products

FX Markets Best Banks Awards 2021: Best bank for regional/domestic banks – BBVA

Home https://ift.tt/y3VtXLszG An unwavering committment to providing liquidity to smaller banks at competitive rates and allowing them to extend the liquidity to clients digitally garnered BBVA its win at the FX Markets Best Banks Awards

Citi rolls out revamped FX algo execution platform

Home https://ift.tt/3r45HRn US bank’s new-look platform aims to provide algos for Asia and Latam NDFs

Wells Fargo adds Asia FX trading and sales heads

Home https://ift.tt/3H2RA4m Weeli Goh joins from TD to head Asia FX trading; Yash Biswas moves from NatWest to run sales

Cboe to cut FX trading response times in half

Home https://ift.tt/3nWb1Ex Incoming policy will give liquidity providers 35 milliseconds to review last look orders

Fears over strong dollar put Asia’s hedgers on edge

Home https://ift.tt/3FZkiSr Local corporates look to manage US dollar exposures in response to inflation and Fed tapering concerns

NatWest Markets recognised in three categories in the 2021 Best Banks Awards

Home https://ift.tt/3AqRzVj NatWest Markets was recognised in three categories at the 2021 Best Banks Awards, testament to the success of its strategy in refocusing on areas of strength and fortifying its relationships with clients

Bloomberg recognised in two categories at the 2021 FX Markets Best Banks Awards

Home https://ift.tt/3fPQgpB Bloomberg dealt with strong customer demand for deeper liquidity and more efficient and consistent electronic trading solutions brought on by two years of remote working

Bitcoin futures ETF loses 9% a year to fees and contango

Home https://ift.tt/33CquTf Cost of rolling futures contracts from one month to another exacerbates ProShares ETF’s losses

Saxo Bank: Lagarde may declare monetary policy overreached limits

Home https://ift.tt/3IkFq6Z In one of its ‘outrageous predictions’ for 2020, the Danish bank says the ECB may wake up to the sad reality of negative interest rates

Can ESG trading and best execution coexist?

Home https://ift.tt/3nFOsDI Not everyone thinks making a statement on ESG would work against client interests

Direction of travel on last look becomes clear

Home https://ift.tt/33x9dL5 Hold time holdouts likely to fall into line in face of increased regulatory scrutiny

FX: a market in flux

Home https://ift.tt/33qX7Db Jens Quiram, global head of FX at Eurex, outlines how the changing nature of FX trading could open up new opportunities for market participants

LSEG beefs up non-cleared ambitions with Quantile deal

Home https://ift.tt/3ryQ1om Agreement to buy optimisation firm for £274m strengthens LCH’s FX foothold as SA-CCR bites

Euro/dollar crosses embrace RFRs, while other currencies lag

Home https://ift.tt/3Fna1z6 €STR becomes new standard for euro cross-currency swaps; CAD and AUD stick with legacy rates

Citi drops last look hold times for e-FX

Home https://ift.tt/3Kgn0q3 Bank joins Goldman Sachs, Morgan Stanley and UBS in ditching controversial practice after GFXC clampdown

Mexican government announces CBDC for 2024

Home https://ift.tt/3sZA10E Bank of Mexico has yet to comment publicly on the initiative

B2C2 platform seeks to bring banks into crypto derivatives

Home https://ift.tt/3ET85hv By using a Japanese bank as intermediary, market-maker hopes to tap into growing trading demand from dealers