Asia
Offshore renminbi futures set new record at SGX
Number of USD/CNH contracts traded on May 10 rose sixfold in a week
Avelacom establishes point of presence in Thailand
Second connectivity centre established by the provider in Asia this year
Westpac: yuan remains resilient despite upward pressure on USD
Yuan could be supported by China’s fiscal stimulus and balanced capital outflows; Indian rupee faces pressure from oil prices and deficits
Singapore’s edge in race between Asia’s FX hubs
Singapore is beating Tokyo and Hong Kong in volumes, changing the FX trading landscape in Asia. What is it doing to make sure it's No. 1?
What FX industry thinks will spur Asia's derivatives growth
Close-out netting certainty and liberalisation of local markets are key, Isda survey finds
Hong Kong moves carefully on swaps trading reform
Regulator SFC fears disruption to Hong Kong's position if it forces trades on venue, Isda AGM hears
Noisy data hinders financial firms' use of machine learning: survey
Financial firms have adopted machine learning and AI, but poor quality of data means the technology isn't used to the fullest
Philippines joins regional payment settlement network
Malaysia, Indonesia and Thailand already in system that aims to spur local FX markets
How the MAS is using AI to spot rogue trading behaviour
Trained using machine learning, the Apollo tool scours trading data for suspicious patterns
Gain taps McGonagle for growth in Japan
He will focus on increasing retail opportunities in the firm’s largest market in the Apac region
Singapore’s banks eye internal models for FX desks
New market risk regime dangles capital savings for own-models approach
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
The EM units to watch as US and China make peace – Swissquote
Currencies such as the Thai baht, which trades heavily with China, should benefit from easing tensions
SocGen offers won-hedged indexes for Korean autocall clients
Local currency benchmarks cut FX hedging costs for clients and boost yields, bank says
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
LMAX reports 21% increase in trading volumes
Activity in New York and Asia reportedly boost activity across group’s exchanges
HKMA interventions may help open new USD/HKD carry trades
Repeated defences of peg should keep HK dollar weak; it could be used to buy assets in currencies other than US dollar
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
LCH adds five currencies to non-deliverable swaps offering
Expansion in response to customer demand in Asia and Latin America
Kuppe becomes adviser to 360T’s executive board
Mathew Kuppe has worked in various capacities at the trading platform since co-founding it in 2000
Refinitiv to keep Klibor contract with Bank Negara Malaysia
The firm will continue to administer the country’s interest rate benchmark
Wei Zhong Lim joins Nomura from State Street
The e-FX sales specialist continues to be based in Singapore
Fragmentation keeps yen flash crash cause murky, says RBA
But points finger at double whammy of low-volume Asia morning and algo trading
Bank of America names Su as co-Apac chief
Jin Su, co-head of Ficc for Asia-Pacific, is named alongside Jiro Seguchi as new co-presidents for the region