Foreign exchange
FX industry shows little appetite for single API
Market players sceptical over need for standard programming code to connect clients with services
IMF weighs up $650 billion SDR issuance
Figure would allow Biden administration to avoid a vote in Congress
FX HedgePool targets Europe as volumes grow
Platform eyes expansion, as swaps volumes hit $1.5 trillion since inception
Could private match-making sink public market?
Rise in internal hedging sparks debate over its threat to price discovery
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
Deutsche Börse eyes quantum computing
Pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes
GFXC sees no changes to code on pre-hedging
Committee rejects calls to set more strict boundaries to controversial practice
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
Optimisation firms prep for SA-CCR boom
FX expected to be big focus of industry’s new slimming drive – and vendors are jockeying for position
Foreign corporates rally round new Thai baht hedge rules
Cheaper onshore pricing draws non-Thai corporates to Bank of Thailand’s new FX hedging scheme
Banks nervy over GFXC plan for algo cover sheets
Disclosing inner workings of algorithms could result in loss of intellectual property, banks warn
Central banks must mobilise their FX reserves
Pandemic and climate crises call for bold action, write Gary Smith and John Nugée
A peek inside GFXC’s algo cover sheets
Order priority and segregation policy among the items under discussion
Asset managers hold the key to any FX revival
For a regime shift to truly occur, long-term investors need to get on board
Benchmark rigging scandal: a remake in the making
Regulators should act now to prevent any repeat of the fixing scandal of 2013
FX markets start to test sentiment data
Already widely used in equities trading, data derived from news and social media is now being applied to foreign exchange
Bilateral streams slash FX trading costs by 80%, dealers claim
Risk Live: FX dealers report 70% of spot traded in bilateral feeds, at least four times cheaper than RFQs and venues
Why bigger can be better with FX options
Large notionals often trade at significantly tighter spreads than smaller ones. Simon Nursey at Digital Vega explains why
On dealer and currency choices, big US funds differ
Pimco, Vanguard and other fund giants account for up to 60% of forwards trades – but have very different hedging needs and dealer panels
Banks rent ready-made algos for FX trading
NatWest, XTX Markets and others develop new outsourcing model for tech
Argentina allows peso to fall faster
Central bank increases repo rate as currency falls and inflation rises, despite severe GDP contraction
Tackling settlement risk is a serious business
Unless market participants comes together, the risk in the system is here to stay
FX swaps clearing redux
SA-CCR could unleash the potential of clearing, and may ignite some big changes