Feature
FX Focus - Is Sef equivalency still solvable?
Negotiations for an equivalency system to allow European platforms to offer Sef-like liquidity to US persons fell apart in mid-May. Participants blame CFTC intransigence and warn of permanent fragmentation of the market. Can a solution still be found?…
Market participants lose out as renminbi volatility increases
The renminbi’s depreciation in early 2014 caused a scramble among FX users, and there may be more volatility on the way
NDF liquidity in doubt as clearing approaches
Central clearing has been a long time coming for the non-deliverable forwards market and participants worry its eventual arrival may damage liquidity. By Robert Mackenzie Smith
Tarf trouble in Taiwan: Sliding renminbi threatens heavy losses
Derivatives linked to the US dollar-renminbi exchange rate have been successful during the Chinese currency’s four-year rise. But now it is sliding, corporate users are looking at heavy losses
The squeeze on spot FX
Market-makers battle compressed margins in spot currency trading
FX Focus - Currency managers see brighter days ahead for FX markets
Currency managers are attracting more interest from clients as differentials grow between developed-world economies, but patience may still be required in the wait for higher returns
FX Focus - EM currency markets face fragmented 2014
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
Currency managers report pick-up in investor interest
Buy-side firms are starting to see some opportunities following a decoupling of central bank policy that has in turn sparked client interest in FX markets
Fixing scandal could become biggest crisis FX market has faced
Apart from senior traders, the Bank of England has become the first central bank to take action in connection with the global regulatory probe
Known unknowns: preparing for Sef-traded FX options
Robert Gray of Dion Global comments on recent regulatory developments
A brief guide to employment law for FX market participants
Suspensions, dismissals and redundancies- what does the law say?
FX Week Europe: Industry outlook for 2014
Senior market participants, including Paul Chappell from C-View, Will Patrick from CME Group and David Mercer from LMAX Exchange, tackle the key trends of 2013, and their expectations for 2014
FX market participants express concern and confusion over Sef trading
Trading on swap execution facilities in the US was introduced in a cloud of confusion and uncertainty. The market seems to have recovered from the initial shock, but there are concerns that Europe’s take on Sef trading will do longer-lasting damage. By…
Systematic FX traders search for solutions after tough year
Some say systematic trading’s reliance on macro events and its slaveish dependence upon automation produces inconsistency, but is discretionary trading any better? Maybe a combination of both could be the answer. Michael Watt reports
FX Week Forum: Citi tops Best Banks survey
Joel Clark interviews Anil Prasad, Citi's global head of foreign exchange and local markets, after Citi was voted top in FX Week's annual market survey
Citi investment in FX pays off as it regains top position
After four years in second or third place, Citi has returned to first place in this year's Best Banks survey as a result of its focus and investment in foreign exchange
ANZ navigates Aussie dollar depreciation
Australian bank retains the award for best bank for the Australian dollar following the currency's steady depreciation this year
HSBC retains EM and Asia-Pacific awards
HSBC wins best bank for emerging Asian and Emea currencies, as well as best bank for FX in Asia-Pacific
SuperDerivatives wins again in options pricing and risk management
Technology vendor launched a low-cost market data product at the start of this year that has seen greater success than it initially anticipated
Deutsche retains eight awards, despite low interest in eurozone FX
Slipping into second place this year, Deutsche Bank nonetheless retains eight awards, including in new categories such as best bank for FX for investors
Tullett Prebon retains forwards gong amid Sef chaos
The interdealer broker retains its hold on the forwards market, despite the disruption caused by the start of the Sef regime
Thomson Reuters investments pay off with three awards
Company wins best vendor for dealing technology and best broker for emerging markets, while FXall retains best professional e-trading venue
Standard Bank scoops inaugural rand award
A focus on market-making into as many liquidity pools as possible has won Standard Bank recognition as best bank for the South African rand
Bloomberg continues to deliver in FX market data
Best market data provider for FX goes to Bloomberg, as the vendor continues to invest in its foreign exchange trading and information services