Trading
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
Non-bank market-makers to increase role in FX
Non-bank market-makers to gain ground against banks in the increasingly commoditised business of market-making in FX
Translation risk hits corporate earnings
Millions have been wiped off corporate profits last quarter as a result of converting back earnings from depreciating currencies
StanChart looks to cut reliance on human traders
Changes come amid wider refocus of FX operations, including moving some FX derivatives to London and Singapore
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
ITG study finds fixing time "irrational and expensive"
ITG looked at eight currency pairs on Thomson Reuters Matching, one of the data sources for the now controversial WM/Reuters fix
ANZ wins with bullish view on cable
ANZ has correctly predicted that cable would rise rather than drop to the 1.65 area by end of April
State Street centralises Currenex liquidity access
Firm aligns trading and clearing processes across asset classes
The squeeze on spot FX
Market-makers battle compressed margins in spot currency trading
Senior FX departures highlight changing market structure
Issues ranging from low volatility, benchmark investigations to regulatory change have led to senior participants leaving the the market either temporarily or permanently
Suspended traders prepare to fight back
Traders prepare to defend actions that have led to suspension of dozens in connection with the global FX probe
Three-quarters of RMB participants feel depreciation pain
RMB volatility rises as PBOC forces currency down against USD
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
European Court of Justice knocks back UK Treasury’s FTT challenge
Treasury must wait until FTT is properly fleshed out before challenging again
Sterling strength cuts £3.5 billion off UK dividend payments
Rises in sterling against the US dollar and the euro have wiped billions off UK investors' dividend payments from some of the largest companies
Richard Farrell joins Integral as managing director
Integral hires Farrell in New York as managing director for business development and sales
Best execution driving demand for pre-allocation aggregation, says Traiana
Settlement and reporting of block trade made easier under new service
Buy side needs to attach costs for execution
Investigation into currency benchmarks is the result of asset managers outsourcing execution to banks at no cost
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Currency derivatives - regulating with consistency
The chief executive and chairman of the Wholesale Markets Brokers' Association (WMBA) say regulatory complexities have left market participants in the dark on derivatives
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly