Trading
JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
Top 10 stories of 2019: a retrospective
FXPB pricing disputes, debate over last look and court cases were keenly followed stories
FX HedgePool: move to clearing may be irresistible
Jay Moore says balance sheet pressures will redefine buy-side credit relationships
Debelle: last look will not be banned
GFXC head says market participants have a choice of whether to use a liquidity provider that employs the practice
Smarter trading in a fragmented world
FX Week recently hosted a webinar in partnership with Refinitiv to ask FX industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped FX markets in Asia.
XTX: top 10 banks will move to zero hold times in 2020
Awareness and competitive pressures will compel market-makers who have held out to cut holding times
Volatility becalmed, trade in FX options plummets
With central banks in tandem on policy, market churn lessens considerably
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
Green FX hedging tipped to grow after BNPP/Siemens Gamesa deal
If the energy company misses ESG score it will pay a “sustainability premium” towards forestry projects
Greater exchange rate flexibility warranted in Peru – IMF
Limiting interventions would help reduce dollarisation further, says fund
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Chile’s FX intervention likely to stabilise peso
But much depends on the reform programme the government chooses to adopt
Buy side still not adopting FX Global Code – Debelle
FX committee wants asset managers to embrace standards; shifts focus to algo trading
Chile to sell $400m a day in first week of FX interventions
Central bank selling $200 million in spot market and $200 million in 30-day forwards
Chile launches biggest FX intervention in 20 years
Chilean peso has fallen by 14% against dollar since mid-October amid massive street protests
Artificial intelligence in FX ‘may be hype’
Relevance for AI in foreign exchange does not stack up compared with other classes
Brazil sells dollars as real falls to record low
Currency declines 11.3% against dollar since July, as central bank cuts interest rates by 150bp to new low of 5%
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
First all-RFR cross-currency swap traded
Goldman Sachs and Morgan Stanley strike landmark €STR v SOFR trade
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
