FX primary venues seek reversal of fortunes

Home https://ift.tt/inFPO2k EBS and Refinitiv fight to restore market share – but bilateral trading may be too entrenched, dealers say

HKD de-peg bets gather steam

Home https://ift.tt/STIPzki Options struck outside the permitted band grew this year, with some dealers recycling flows via structured products

Proactively managing volatile market data with the rule of three

Home https://ift.tt/Ty1cI7q Data volumes have spiked on the back of increased market volatility, and many systems across the front and back offices have struggled to keep up. KX explores how financial institutions can optimise data management and analytics platforms to cope with a constantly changing investment landscape

PBoC eases rules to lure foreign bond investors

Home https://ift.tt/ulT5RH4 New rules include allowing foreign investors to conduct FX trades with more financial institutions

GFMA mulls FX determinations committee

Home https://ift.tt/NGZHLXS Creation of CDS-style board is one option on the table for managing forex market disruption events

How risk managers can stop the FTX infection from spreading

Home https://ift.tt/lrA3PRC Segregation and transparency can save investors from imploding crypto trading venues

CME eyes retail growth with new weekly FX options

Home https://ift.tt/70qmswI Exchange hopes to capture massive demand from the sector

FVA hedge omission from FRTB set to cause headaches

Home https://ift.tt/wXcxyKR Lack of carve-out for market risk hedges could create hedging issues, experts say

Should RMB be treated as a G10 currency?

Home https://ift.tt/3JK6PZw As it becomes the fifth most-traded currency, dealers weigh pricing and risk managing RMB like a G10 equivalent

Isda docs saved crypto startup that lent to Alameda

Home https://ift.tt/SfA35ZX Early termination clause allowed Cega to recover $13.6 million in loans to failed trading firm

European corporates scramble for alternative credit sources

Home https://ift.tt/U8Ik5fM Credit lines with traditional bank counterparties exhausted since dollar rally against euro

Crypto structured products come of age

Home https://ift.tt/YV58sNA After some growing pains, the space now offers the type of structures seen in TradFi equities markets

MSIM option strategy set for payout

Home https://ift.tt/LRwTynG Manager has spent over $400 million buying options that have yet to generate returns – until now

Regional banks beef up FX pricing tools

Home https://ift.tt/r2U6FQl TraderTools’ PriceOn tech enables regional banks to internalise FX flows similar to top-tier dealers

Regional banks beef up FX pricing tools

Home https://ift.tt/r2U6FQl TraderTools’ PriceOn tech enables regional banks to internalise FX flows similar to top-tier dealers

Best prime-of-prime broker and Best retail FX platform: Saxo Bank

Home https://ift.tt/fMLlU9K Saxo Bank bags two awards at the 2022 FX Markets e-FX awards

Corporates rush to hedge emerging market currency risks

Home https://ift.tt/FP0sOpc Falling forward points have reduced cost of hedging further drops in Chinese renminbi

Cost benefits: Could LPA provide clearer pricing?

Home https://ift.tt/6GFH58A Proponents say analytics tool is a game changer, but critics claim it is rebranded TCA

Vendors urged to curb toxic FX flows

Home https://ift.tt/39lOuUc FX Markets USA: Dealers may reward vendors that ‘self-regulate’, says Goldman Sachs’ Chattaway

Operational hurdles slowing buy-side NDF clearing uptake

Home https://ift.tt/Nhw34FJ FX Markets USA: Artisan Partners’ O’Brien says problems must be tackled to make clearing more attractive

Sterling shocks have traders back on the phones

Home https://ift.tt/zui79CM FX Markets USA: liquidity shocks herald a shift back to voice trading

Quants search for way to size crypto bets

Home https://ift.tt/RbvMqpa Standard models say as much as 4% of a diversified portfolio could go into digital assets

Hungary makes emergency intervention to defend forint

Home https://ift.tt/W9NCE3g Action comes after the central bank said it would cease rate rises

Gilt volatility to live on in IM and capital models

Home https://ift.tt/ZFJgoBh Even if sterling rates vol subsides, it will impact interest rate and cross-currency swap costs for years

Best market data provider: 360T

Home https://ift.tt/3n1ITrQ The return of inflation over the past year and the response by many central banks to rapidly hike interest rates have awakened hibernating FX volatility, which has spurred a flurry of trading activity

FX house of the year, Malaysia: OCBC Bank

Home https://ift.tt/Ax6fiuq Consistency, stability and client focus earn OCBC Bank the FX house of the year, Malaysia award

How request for quotes could amount to ‘insider information’

Home https://ift.tt/qQiJ7HU Lawyers say Esma’s incoming pre-hedging guidance could make firms liable for multimillion-euro fines

UK budget gives sterling options traders a wild ride

Home https://ift.tt/pJzFg9e Reaction to tax cuts sparks most active week for GBP/USD options traders since Brexit negotiations

Euronext is latest venue to demand FX code compliance from LPs

Home https://ift.tt/Xz2SWh5 From January 1, anonymous spot liquidity pools across the ECN will automatically switch to code compliant only

CVA exposures to UK corporates jump ‘hundreds of millions’

Home https://ift.tt/VgkGhOB Dash for credit protection triggered a doom loop in the CDSs of cross-currency swap counterparties

BoJ currency intervention spurs FX options traders

Home https://ift.tt/DBbQw8K Traders turn bearish on USD/JPY FX vol over further central bank intervention

FX house of the year, Japan: UBS

Home https://ift.tt/zae06ur Consistency, reliability, technology and range of products across multiple currencies wins UBS the FX house of the year, Japan award

Market weighs viability of spot FX clearing

Home https://ift.tt/wmKrja7 Supporters believe it could remove credit risks, but others say it would be unnecessary and add costs

Best FX options house: UBS

Home https://ift.tt/SXmhOdy Customer focus, innovation, depth and breadth of options offerings secures UBS the Best FX options house award

Best bank FX liquidity provider: UBS

Home https://ift.tt/B9YOuwA UBS’s focus on technology, innovation and client requirements wins it the Best bank FX liquidity provider award

Goldman brings ‘self-service’ pre-trade analytics to FX options

Home https://ift.tt/H8JWabD Mobile-based tool allows users to structure and price trades dynamically using data from the cloud

SGX launches new Clob for FX spot and NDFs

Home https://ift.tt/eOpidrS CurrencyNode to tap into new matching engines in Singapore, and eventually will look to offer futures-spot spreads

FX timestamping progress ticks on, slowly

Home https://ift.tt/jFthGT5 New fintechs may help with the problem, but lack of urgency holding back pace of change

GFXC set to focus on FX market data access

Home https://ift.tt/JGIgXa6 Costs of data needed for buy-side benchmarking exercises under spotlight

Best EM trading platform: Deutsche Bank

Home https://ift.tt/AvoR6gn Deutsche Bank’s high liquidity, cost efficiencies, innovative solutions and breadth of services secure it the Best emerging markets (EM) trading platform award at the FX Markets Asia FX Awards

JP Morgan increases FX options dealer lead as Goldman slips

Home https://ift.tt/PQS6bNF Counterparty Radar: GSAM up five manager spots amid market decline, while MSIM holds RMB positions steady

BNP’s new macro trading unit to make greater use of FX algos

Home https://ift.tt/HaWL5ti French bank plans to bring FX algos to US Treasuries for combined currencies and rates trading unit

HSBC claims top FX forwards spot as US banks fall back

Home https://ift.tt/DRVXB73 Counterparty Radar: Morgan Stanley falls from pole position for first time since Q2 2021 amid wider volume decline

BNY Mellon, NAB and RBC latest to ditch additional hold times

Home https://ift.tt/21DuGda Banks join a growing list of LPs to have scrapped the controversial practice

FX hedging dilemma vexes corporates as costs spiral

Home https://ift.tt/OP3kJqH High volatility jacks up option prices, forcing firms to reconsider hedging activities

Best liquidity provider for corporates and Best single-dealer platform: Citi

Home https://ift.tt/fiGvpO5 Citi discusses its win of two FX Markets e-FX 2022 awards, and the role its client-focused single-dealer platform had to play in its win

BofA rehires Velani to head transactional FX trading

Home https://ift.tt/on0uCBF Velani rejoins BofA as bank continues to strengthen its foreign exchange ranks

Margin costs leap on Simm rejig and rates hikes

Home https://ift.tt/4mK56kB Acadia finds roughly one-third jump in exposure following Simm recalibration, with higher funding costs adding to burden

Asia FX Awards 2022: the winners

Home https://ift.tt/q9Ootjc FX Markets has revealed the winners of the Asia FX Awards 2022. The annual event – now in its fifth year – recognises and showcases the best banks, dealers, brokers and currency managers in the Asia-Pacific (Apac) region.

EU Parliament creates multiverse of SA-CCR outcomes

Home https://ift.tt/LQ48AH7 Some MEPs want to ease rules further than EC draft; others want return to undiluted Basel text