Trading
Industry requests clarity over extra reporting requirements
Esma quizzed on specifics of collateral and valuation reporting
Asset quality trumps hedging cost in volatile currencies
High cost of hedging out forex exposure in volatile currencies is unnecessary due to the correlation between the underlying asset and currency it is denominated in, investors believe
Randomisation allows smaller players to compete
The fightback against HFTs is well under way in FX, where major trading platforms have embraced the idea of randomised orders in a bid to escape the technology arms race
Indian exporters to increase hedge ratios on rising rupee
Indian corporate treasurers with exposure to rupee appreciation risk should look to increase their hedge ratios and use foreign exchange options to mitigate risk
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations
Instantaneous hedging is not market-making, says GSA
Rise of hot potato trading is direct result of instant hedging from market-makers, says GSA Capital
Latam reserve managers experiment with renminbi
Renminbi viewed as an attractive reserve asset in Latin America due to growing business links with China; renminbi statistics may not be showing up in IMF data
Raiffeisen Polbank selects TradAir FX rate engine
Raiffeisen Polbank goes live with rate engine and market-making distribution network
Indian rupee set for limited post-election gains
The INR is set to gain against the USD after BJP secures a strong parliamentary majority
Eurex finalises FX futures and options launch date
Exchange to launch new products in July after ten-month delay
Citadel expands into FX market-making
One of the largest non-bank players in US equities has joined the ranks of market makers in FX
Levinson appointed as chief FX strategist at Sberbank
Levinson will be based in Moscow, reporting to Alexander Kudrin
Yoshida joins Deutsche Bank as global head of rates sales
Yoshida to head Deutsche Bank's global rates sales from September
SocGen FX options Asia head departs
Options head is the second senior departure this year, following Serge Topolanski's exit in Paris
Corporates eye FX options as hedging tool
Treasurers are becoming increasingly interested in FX options to fights rising costs, but face a battle to implement them at their firms
European corporates see rise in hedging costs
Corporate treasurers are moving towards shorter tenure contracts to hedge FX risks
UniCredit wins on euro contrarian view
UniCredit foresaw a stronger-than-expected eurozone recovery, despite global sentiment betting for a USD rally on the back of anticipated Fed tapering
Lucera launches FX trading platform
Clients have separate servers to avoid crowding and improve failure management
European corporates past the worst of reporting hurdles
Francois Masquelier says European corporates got through the implementation of trade reporting "largely in one piece"
Voice brokers in full support of EBS eFix Matching
The balance of power between voice brokers and e-teams reaches a new equilibrium
Yen weakness unlikely in near term, says ING IM
Long USD/JPY positions predicted to suffer over next few months, according to ING Investment Management
Black Phoenix glitch highlights PB dangers
A Chicago-based firm's rogue algorithm highlights the dangers of running PB relationships without appropriate credit risk controls
Scottish referendum set to spur cable volatility
The increasingly unpredictable result, long rally against the dollar and current low volatility levels favour the rise
EU elections could reopen old euro wounds
Anti-EU success in elections this week could cause long-term damage to the eurozone's future, participants warn