Risk management
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
BIS warns of $13 trillion hidden debt hole
Trillions of dollars of FX derivatives are not being accounted for when calculating the level of debt in the global economy
US super-regionals step up FX game
Citizens Bank and SunTrust Bank have been expanding and investing more in their FX platforms and talent
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
Active managers outperform in first half of 2017
Moderate risk portfolios outperform 60/40 portfolio represented by S&P 500 & Bloomberg Barclays US Aggregate Bond Index
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
JP Morgan clears first client NDF trade on ForexClear
The trade comes ahead of this month's widened bilateral margin rules
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
CFTC to boost resources to study HFT impact
Acting CFTC chief hopes to get better analytics to discover the effects of high-frequency trading on the market
Platform operators step up surveillance after FX Global Code
FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through
Caxton launches multicurrency account for SMEs
The new service provides access to 34 currencies with a single IBAN number
Nex Group’s Knott untangles banks’ trade challenges
Post-trade business reorganises with a focus on cost cutting and simplification
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
CME Clearing and TriOptima clear first client trades in Mexican peso
Until now, only clearing brokers or FCMs were eligible to use the triReduce service to compress trades
Modern technology to salvage reputational risk management
Long-term benefits of adopting cloud-based surveillance will far outweigh initial high costs, says Greenwich Associates report
FX operations: the case for mutualisation
To reduce costs, firms need to pool operational functions across multiple firms to generate economies of scale
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
Hedging strategies unchanged, despite turbulent markets – Citi
Corporate hedging strategies rarely differentiate between developed and emerging markets
Le Pen is biggest threat to European economy
A win would raise questions about France's membership of the European Union and the future of the euro
Politics heightens FX risk for sterling and yen investors
Risk models show the yen to be the riskiest developed currency
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
Underwood FX builds out expert offering
The firm brings in legal, futures and other OTC professionals as it expands into traded markets intelligence