Trading
Standardised OTC swaps spice up futurisation fight
March saw the launch of a template for a new standardised interest rate swap product – an attempt to protect swap market liquidity from the threat of futurisation. The first product based on the template could be launched within weeks, but even some…
Corporate cash seeks new home as money-market reforms loom
New regulation on both sides of the Atlantic threatens to make money-market funds less attractive for corporate treasurers. Banks are hoping this cash will flood into fixed-term deposits instead, helping them meet incoming liquidity ratios, but they’re…
Monex to launch tradable in Japan
Trading app platform enters largest retail FX trading market
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
BAML reshuffles rates and currencies
US dealer hires from Goldman Sachs, JP Morgan, Morgan Stanley and Deutsche Bank as it expands global footprint
Breakdown in correlations leads to forex discrimination
Risk aversion has returned, breaking down correlations between assets and leading to investor discrimination between currencies. Mitul Kotecha looks at who stands to gain from this shift in appetite
CFTC investigates breaches of 60-second clearing rule
Commissioner O'Malia says agency has requested data from FCMs – Risk reported last month that some firms had broken rule 1.74
Gold ETFs can weather latest turmoil as speculative selling eases, say providers
The crash in the gold price in mid-April had dramatic effects on gold ETFs, but some providers say investors' allocations are holding firm
MetaTrader 5 live with Warsaw Stock Exchange (WSE)
Margin foreign exchange broking system adds Polish listed securities
Interdin targets 25% share of Spanish retail foreign exchange market
More brokers look to rapid growth in retail margin foreign exchange trading in Spain
Identifying the winners from Bank of Japan easing moves
Japanese investors will diversify overseas as the BoJ steps up its quantitative easing. Adam Cole follows the capital outflow to identify the currencies most likely to benefit
FXCM launches unregulated FXCM Markets
Margin foreign exchange broker targets traders outside of US, Canada, UK, France, Germany, Australia and Japan
Betfair rejects CVC-led £912m takeover bid
A £912m takeover offer led by CVC Capital Partners has been rejected by UK–based online gambling business Betfair
Gain rejects FXCM, buys GFT for $107 million
FXCM's $195 million offer has been rejected, and Gain instead seals an acquisition deal with GFT
EBS and Moscow Exchange unveil plans for dollar-ruble fix
EBS says venture comes in response to market concerns about methodology of existing rate
Resilience in the euro fails to dent krona strength
A hands-off policy on the part of Sweden's central banks and good fundamentals mean the krona's ascendance will continue throughout 2013, say Swedish trading heads
Return of currency trends a boon for macro managers, says Insight Investment
The strong currency trends in 2013 have been good news for the asset manager, which uses strategies aiming to generate alpha from currency positions
US domestic oil production provides energy boost for the dollar
Cheaper available energy in the US could attract foreign direct investment to the country, making the structural outlook for the dollar much brighter
Banks beef up quant solutions for FX in response to buy-side demand
Morgan Stanley and Commerzbank are investing in quantitative offerings as a part of their FX strategy, but other banks are pulling back from the business
Standardised OTC swaps to launch within weeks
Isda-Sifma working group discussions continue but trueEX prepares to list OTC swaps with standard coupons and IMM dates
US futures brokers to meet new capital requirements from June 30
Regulators push to prevent abuse of loophole in capital requirements between retail forex and futures brokers
Saxo Capital Markets UK rolls out targeted spreads as gold price collapses
Danish dealer moves to encourage trading on SaxoTrader as precious metals prices fall
Smartphone user trends push mobile currency trading
Trevor Young, senior director of product management at margin trading company Oanda in Toronto says app developers should keep on top of changing technologies to capitalise on explosion of mobile activity
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap