Foreign exchange
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in foreign exchange markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
Special report: Foreign exchange
Asian currencies on the rise
Corporate FX hedging surges in Asia
Surge in structures
Electronic FX trading in Asia may switch to multi-dealer platforms
Changing channels
Questions raised over UK’s forex volume surge
Market participants attribute a range of factors to the 23% rise in foreign exchange turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
Greece’s second bail-out met with relief
Traders and strategists believe latest rescue package is a positive development, but expect further pain ahead as it is implemented
FX Week USA: Niche services rather than volume set to dominate FX
Conference speakers discuss the changing nature of the foreign exchange market, and agree successful providers in future are likely to be those that can offer a range of niche services rather than those with the highest volumes
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
Linking autocall phoenix structures to FX and emerging markets
From Phoenix to forex
Structured credit landscape revives the basics
Credit goes back to basics
Further liquidity fragmentation in foreign exchange predicted
Market-damaging behaviour should be controlled, but separation or elimination of high-frequency trading would be damaging to the market’s equilibrium, ClientKnowledge argues in research published today
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Investors should avoid a flight from risky assets, says Barclays Capital
Investors should avoid dumping risky assets despite concerns over slow growth and eurozone debt, according to a BarCap report, as opportunities may arise in equities and credit later this year
iShares launches local currency emerging market debt ETF
iShares has listed an exchange-traded fund in London in response to institutional demand for access to emerging market bonds and currencies
Repricing the cross smile: an analytic joint density
Repricing the cross smile: an analytic joint density
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for foreign exchange in partnership with Swift
Australian regulators suggest clearing exemption for foreign exchange
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
Leuschke quits RBS
Royal Bank of Scotland loses its global head of foreign exchange sales