Trading
A spot of bother
Traders exploiting the spread between CNH deliverable forwards and CNY NDFs got a nasty surprise in September last year, when the basis trade blew up amid a reversal of the spread. Georgina Lee looks at what investors can learn from this turn of events
Frontier currencies gain traction with investors
FX strategists and currency managers report growing interest in frontier currencies such as the Kenyan shilling, Ugandan shilling and Nigerian naira
Timing a reversal of fortunes for the euro and yen
John Hardy, chief FX strategist at Saxo Bank in London, picks out the shifts in the status quo in the months ahead
Depressed FX trading volumes continue in March
Average daily spot volume on EBS and Thomson Reuters remained low in March in comparison to previous years, both platforms have reported this week
UK Lords committee takes on financial transaction tax
The model proposed by the European Commission for a financial transaction tax would not meet its objectives and the UK government should redouble its efforts to veto the proposal, says the House of Lords
Oanda unveils new social networking-based spot platform
Oanda's fxUnity platform, unveiled this week, is aimed at making FX trading simpler and more user-friendly for aspiring currency traders
FX Invest April-June now LIVE!
Read about risk-adjusting exposure to the renminbi; growth of the electronic FX options market; Solvency II and currency risk management; profiles with UK'as Financial Services Authority and Allianz Global Investors
Isda working group close to finalising standard CSA
Latest proposal extends number of silos from five to 17, mirroring approach taken by LCH.Clearnet
Tradeo to launch with social trading network
New social networking site will allow FX traders to connect to their peers – and to trade
ITG eyes April launch for new FX TCA tool
Second iteration of the technology provider's transaction cost analysis tool for forex will launch in April, two years after the first version
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
LCH’s ForexClear gets off to a solid start in NDFs
The launch of clearing of non-deliverable forwards on LCH.Clearnet's new ForexClear platform went smoothly last week, according to participants
Testing euro exit scenarios
London-based think tank Policy Exchange is now judging the entries to the Wolfson Economics Prize, which asked entrants to propose the best way for a country to leave the eurozone. Following the relatively mild impact of Greece’s default earlier this…
Weighing up the rupee
The growth of the Indian economy and the appreciation of the rupee in early 2012 have made the currency an attractive focus for forex investors, but strategists remain divided on the currency’s potential to rally further this year
Correlation breakdown tells a cautionary tale
John Hardy, chief currency strategist at Saxo Bank in London, discusses his views on the currency markets, sounding a note of caution about the risk rally seen since the start of the year
Euro crisis could cause full EU break-up, warns ex-BoE official
John Gieve, former deputy governor for financial stability at the Bank of England, warns of an "explosion" waiting to happen in the EU
Transparency of public listing will boost FXall’s growth, says Weisberg
In his first series of interviews since its IPO last month, FXall chief Phil Weisberg says the public disclosure and neutrality that results from being publicly listed will improve its public standing and growth potential
FXCM and SuperDerivatives to add new pairs to options platform
Since its launch in July last year, the DCX joint venture has now attracted nine liquidity providers and plans to add new emerging market pairs
Currency risk in Africa more perceived than real, says fund manager
Speaking at this week's African Investment Summit in London, Els Boerhof said diversification and a longer time horizon can reduce hedging costs
Spotlight on: Valérie Perez, Deutsche Bank
Deutsche’s head of foreign exchange distribution for France, Benelux and Switzerland talks to Chiara Albanese about the changing demands of the bank’s corporate clients in continental Europe
Ice throws down FX clearing gauntlet to competitors
Competition in forex clearing intensifies as LCH receives regulatory approval and Ice explains how its rival offering will differentiate itself
Saxo continues global expansion with SA office
Saxo is now targeting growth in the Middle East and South America, following its Johannesburg launch this week
Macquarie to offer bespoke beta and absolute return commodity products from June
Macquarie is extending its existing commodity sales and trading platform with the launch of a commodity investor products business, which will be led by ex-Goldman Sachs global head of commodities
CCPs need to provide margin efficiency, says industry panel
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies