Buy side
Futures aim to put a dent in FX swaps supremacy
Advent of margin rules sharpens appeal of exchange-traded instruments for buy-siders
New benchmark aims to break 4pm fix hegemony
Siren uses 20-minute trade window in a bid to combat fears of manipulation
Invesco bets on new tech to refine its FX trading
Home-grown tool will improve order routing and execution strategies, asset manager believes
Esma plan ‘won’t help’ fix Mifid swaps data problem
Dealers say proposal to force disclosure of all big-bank OTC derivatives trades won’t improve data
Flexi forwards see rise in corporate interest post-Covid
Treasurers seek flexibility in cashflow hedging as pandemic-related supply chain disruptions bite
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra to retain communications data for longer than two years
Franklin Templeton and Citi top for FX options
Counterparty Radar: Data shows US bank as top dealer for mutual funds in Q3 and Q4, while Californian manager is biggest user
FX industry shows little appetite for single API
Market players sceptical over need for standard programming code to connect clients with services
FX HedgePool targets Europe as volumes grow
Platform eyes expansion, as swaps volumes hit $1.5 trillion since inception
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
OTC FX options market gears up for faster electronification
Share of electronic trading remains low but host of factors promise to change that for good
State Street to look after bitcoin, just don’t call it custody
The second-biggest custodian will provide “record-keeping services” for the unregulated asset
First P2P trade completed on Siege FX
Dark pool aims to match algo orders among its 30 buy-side clients
Citi extends lead in FX forwards, BNP Paribas climbs
Counterparty Radar: Total value of forwards positions jumps 11% after second-quarter dip
Asset managers hold the key to any FX revival
For a regime shift to truly occur, long-term investors need to get on board
Guy Debelle on the FX Global Code and the rise of the buy side
Code’s creators considering updates to sections on last look and pre-hedging
Markets search for FX factor as rates fall flat
Traders signal shift to currency strategies, but is it passing fad or permanent fixture?
Vanguard signs FX Global Code
World’s second largest asset manager adopts code after seeing evidence of positive impact on the market
Algo users seek apples-to-apples info
BIS study raised concerns; standards now a work in progress at GFXC
Machine learning will create new sales-bots – UBS’s Nuti
Technologists working to automate indications of interest from trading desks
Asia’s FX markets step to the algorithm
Buy-side use of automated trading programs builds, albeit from a low base
Benchmark rigging scandal: a remake in the making
Regulators should act now to prevent any repeat of the fixing scandal of 2013
How low can you go: falling cost of FX fix sparks concern
Algorithms are reducing fixing fees, but some dealers are willing to go even lower – perhaps dangerously so
Unleashing the potential of NDFs
Trading in non-deliverable forwards is on a roll, despite concerns over liquidity