Asia
Qureshi replaces McAuley as DBS Bank’s head of trading
Former head of GBP rates trading at SocGen joined the firm this month
Refinitiv to launch NDF matching and streaming next year
Matching and streaming of NDFs could create larger liquidity pool and boost their electronic trading
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
More global custodians approved as FX settlement banks by China
But list of eligible Bond Connect entities incomplete and some global custodians unable to provide CNY funding
City Index: yuan likely to weaken as US-China trade war drags
China could depreciate its currency further if tensions escalate
LCH and StanChart tout rival routes to cheaper margin
Panellists at FX Week Asia conference say participants should start thinking about margin optimisation sooner rather than later
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Markets look for yuan to reach 7.50 amid rising trade tensions
Scaling up of tariffs could weaken the renminbi further, say panellists at FX Week Asia conference
Asia awaits term SOFR solution for local benchmarks
Singapore, Thailand and the Philippines look at ways to replace Libor in benchmark calculations
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
Dual IM relief may slash 2020 docs burden by 90%
Isda sees around 8,000 counterparty relationships lifted from phase-five repapering
LMAX to launch matching engine in Singapore
London-based firm is latest to join plans to transform the island into global risk centre
IM big-bang split confirmed with new $50bn threshold
Addition of sixth compliance phase looks set to slash September 2020 in-scope entities by more than half
Bank of Thailand voices concerns over baht appreciation
Thai central bank says it has cut supply of short-term bonds to curb hot money inflows
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
Chandiramani joins TradAir Singapore in sales
Previously, Haresh worked in cross-asset e-trading and e-commerce sales at Bloomberg
Three Asian central banks rebuff US claims of currency manipulation
Malaysia, Singapore and Vietnam respond to being placed on US Treasury watchlist
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Nomura grows digital wholesale office with global e-trading strategy team
Bank accelerates expertise in electronic trading space with group of 100 international specialists
Moscow Exchange expands Asia and Middle East presence with Avelacom
Co-operation with tech firm lets exchange improve PoP in London, reducing latency by five milliseconds
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Marsden becomes head of e-FX quant trading at NatWest Markets
Previously, he managed the e-FX Asia trading business in Singapore
Wallis promoted at Morgan Stanley, Hong Kong
New role follows 10 years in prime brokerage sales at the bank
SEB: tariffs won’t dampen China’s growing influence on global economy
But in the short run, threats will knock renminbi and other emerging market currencies