Feature
Mifid delay downgrades workload from unrealistic to challenging
But the task facing firms working to comply with the regulation is still daunting
Negative rates held for too long could lead to a bank run
Panellists say negative rates could have detrimental effects on the banking sector
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Dealer-run platforms face hard choices under Mifid II
MTF, OTF or SI? Three options, but none that banks like
Dodgy discounts: DVA claims fly in cross-currency market
Funding benefits have helped bring down the cost of cross-currency swaps in the past couple of years, but as competition becomes increasingly cut-throat, traders claim their rivals are offering a dodgier discount – the own-credit effects of debit…
For a few dollars more: Japan banks tackle dollar/yen basis jump
The dollar/yen cross-currency basis has widened nearly 50% in recent months due to a surge in demand from Japanese banks and regulatory constraints curbing supply from US dealers. With trading costs soaring, Japanese banks are turning to more exotic…
Grand redesign
Non-bank market-makers are increasingly being viewed as serious players as they set about building customer franchises amid a wide-scale bank pull-back
New model army
With a global code of conduct for FX due in May 2017, industry participants are pushing hard to come together to avoid hard and fast regulation. By Mikael Latreille
Farewell to self-regulation, goodbye self-policing
With a global code of conduct for FX due in May 2017, participants are only too keen to see the back of an unregulated market
A window of opportunity
With opinion split on whether last look is the defender or villain of the piece, FX participants are campaigning to raise standards and boost transparency, but some say the timeframe for action is diminishing. By Alessandro Aimone
All-to-all FX to become commonplace by 2017
The divide between historic tiers of liquidity is rapidly disappearing, shows research from financial consultancy GreySpark
FX Week Asia 2015: the pictures
More than 200 delegates attended the conference at the Westin hotel in Singapore on September 11
Banks open labs worldwide to embrace blockchain
Some of the world's largest banks are experimenting with applications for the technology
Blockchain gets Wall Street's creative juices flowing
A report estimates that banks could save up to $20 billion in costs by 2022 using blockchain
China: the long march of the renminbi
A look at the evolution of the Chinese currency from 2005 and what to expect in the future
Exotic FX option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis, but in a more nuanced way
Minding the liquidity gap
Last year, murmurs started amongst FX market participants that liquidity was increasingly a cause for concern. Those fears have now become a reality, and the quest to find the cause and solution for diminished execution capacity is now well and truly on
Emerging markets liquidity hit as banks pull back from risk warehousing
The difficulties of trading currency positions in G10 markets are exacerbated in EM, according to traders
Banks and clients rebuild relationships post-SNB move
Trade pricing difficulties since the Swiss National Bank's removal of the franc's currency floor are causing friction with clients
China, the new land of opportunity for retail
The country's FX retail market has grown quickly in recent years and offers unprecedented opportunities. It is also about to undergo a major shift