Asia
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
Yuan takes key international step on Myanmar move
Yuan and yen added as trade-settlement currencies, as dollar use falls
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
IFRS 9 drives appetite for long-dated hedges in Asia
New accounting standard helps manage mark-to-market volatility of long-term trades
Gill to head Asia-Pacific G10 FX trading for Barclays, Singapore
UK bank’s second senior FX hire in as many months in the city-state
LMAX Exchange hires two in FX sales in Asia
Appointments come on the back of the platform’s strong growth in the region
Cross-currency swaps could hasten RFR shift in Australia
Adoption of new risk-free rate for both swap legs likely to turbo-charge wider benchmark change, say sources
Martin becomes head of Apac at State Street
Ian Martin moves up, CEO Wai-Kwong Seck steps down
OTCXN adds OSL as core liquidity provider
OSL is among the largest digital asset brokerage firms in Asia-Pacific