TD Securities
Repo and FX markets buck year-end crunch fears
Price spike concerns ease as September’s surprise SOFR jump led to early preparations for bank window dressing
HSBC claims top FX forwards spot as US banks fall back
Counterparty Radar: Morgan Stanley falls from pole position for first time since Q2 2021 amid wider volume decline
JP, Goldman and TD surge in FX forwards as Citi falls back
Counterparty Radar: Citi drops to fifth, losing a third of market share with US mutual funds
Wells Fargo adds Asia FX trading and sales heads
Weeli Goh joins from TD to head Asia FX trading; Yash Biswas moves from NatWest to run sales
Jumbo trades propel BNPP, TD up forwards rankings
Counterparty Radar: In Q1 2021 data, outsiders are eating into US banks’ business with domestic funds
Vanguard extends forwards dominance as Citi dips
Counterparty Radar: Fund giant responsible for more than a third of total forwards volumes and half of EUR/USD in Q4
Citi extends lead in FX forwards, BNP Paribas climbs
Counterparty Radar: Total value of forwards positions jumps 11% after second-quarter dip
Swaps platform aims to cut out the banks – but not entirely
Peer-to-peer newcomer FX HedgePool targets asset managers’ month-end hedging activity
TD Securities: renminbi to sink to 7.30 amid US-China tensions
Move will alleviate some pressure from US tariffs; bank expects interim gyrations in EM trading
TD Securities: cheap euro to rise if car tariffs don’t get in the way
Long-term risks play in single currency’s favour, says Canadian bank
Scanlan opts for TD Securities role
Tim Scanlan joins the Canadian bank’s EM sales team in London
‘New normal’ sees FX volatility remain muted
Dovish stance of major central banks means volatility unlikely to pick up significantly
Steck trades TD Securities for RBC
Currently on gardening leave, Tonia Steck is expected to start her new role in September
Dollar starting to look overbought, says TD Securities
As traders finish short covering, there is little to support the market building new longs
TD Securities: dollar rebound expected in near term
But political tensions could hinder the greenback’s rally
No flight to quality for dollar – TD Securities
With US macro and political worries on the front foot, the yen is likely to serve as the risk proxy
Convergence could ignite volatility, says TD Securities
As convergence of macroeconomic conditions gathers pace in 2018, rotation of capital will favour non-dollar assets
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
TD Securities: Trump stimulus may give dollar short-term boost
But if the fiscal package benefits mostly the rich, the greenback could lose in the long run as GDP might take a hit
Reflation next year could dampen multi-year dollar rally
But dollar strength is likely to play out until the first quarter of 2017
Dexeus hops over to Toronto Dominion
Former Credit Suisse FX sales director joins the Canadian bank in London