Asia
Asian buy side faces non-cleared margin currency penalty
Global banks charge premium for accepting local securities instead of major currencies
SGX sees 75% of listed CNH futures volume, Lam says
Singapore Exchange boasts 200% growth year-on-year in renminbi in August; hits two consecutive records for Indian rupee in September
ADS promotes Chow to head Apac business development
Matt Chow joined ADS Securities in 2012 as a senior vice-president
Asian corporates bullish on euro and sterling
Research by East & Partners shows a bullish case for EUR/USD and GBP/USD from business across Hong Kong, Singapore, Malaysia and the Philippines
CFH Systems opens regional office in Singapore
The office will be headed by Alex Mackinnon, who gains overall responsibility for Asia
GTX to launch full-amount trading on its ECN
Gain Capital’s trading venue offers full-amount execution as it seeks to reduce market impact
CME's Pandit: NDFs and FX options in focus
CME Group gears up for launch of cash-settled FX options clearing in Q4 2017, following a busy first half
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
Michelmore to become Apac head of buy-side sales at EBS
Based in Singapore, Michelmore will continue to report to Patrik Nagel, global head of buy-side sales
Trade barriers could see RMB weaken in retaliation – panellists
China dealt with unpredictability of US administration by letting RMB appreciate, but a trade barrier could reverse this trend
SocGen appoints Dumas for institutional sales role
Florian Dumas joins Societe Generale from BNP Paribas in newly created Asia-Pacific role
LMAX Exchange appoints Moffat as MD for Apac
Scott Moffat will be based in Singapore
Crédit Agricole CIB appoints head of global markets in Seoul
Silvia Kim, formerly of Barclays, reports to Franck Dargent and Jean-Pierre Trinelle
EBS Direct is moving to automatic full-amount for some orders
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5
EM/USD has upside over medium term – Wells Fargo
Most EM currencies will have moderate appreciation against US dollar, but BRL or MXN could be more affected at margin
Malaysian central bank strengthens onshore hedging
Bank Negara is complementing last year's NDF restrictions with a more open onshore market
Asia strongly supportive of Global Code of Conduct – GFMA
Backing from local central banks for the principles will filter down to participants, says John Ball
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
Documentation fears slow CNY FX derivatives growth
Foreign fund managers need clarity before market can take off, say banks
2017: year of the dollar and high-yielding EM currencies
Expensive valuations and low yields make some Asian currencies unattractive investments
HSBC targets the top spot in FX and takes RMB title
HSBC has been voted Best Bank for the Renminbi, Best Bank for EM Asian currencies and Best Bank for FX in Asia-Pacific