Whilst it is heartening that providers are still investing in their e-commerce efforts, it is noticeable that a great deal of the recent effort has been away from foreign exchange. This is not a huge surprise, for as we have ...
“It’s not just hype,
we’re in a perfect hype storm,” said Lee Braine from the investment bank CTO
office at Barclays at the 2016 Blockchain Symposium hosted by the Depository
Trust & Clearing Corporation (DTCC) in New York on Wednesday.
A turning point year for the Chinese currency, 2015 foretold a new era for the RMB. As the currency gains in prominence, China faces decisions around settlement mechanisms, which will be crucial to its acceptance as a truly international currency. Galen ...
In the latest issue of its Asset Manager Perspective, Norges Bank
Investment Management investigates the role of last look in FX markets.
The fund acknowledges that the practice
“serves a legitimate need” of liquidity providers and can improve liquidity
The big news this week was the announcement by the
International Monetary Fund (IMF) that the Chinese renminbi will
be included in its Special Drawing Rights (SDR) basket.
But is this decision purely symbolic or does it have broader
Goldman Sachs has released the first six of
its ten top trades for 2016, including two FX recommendations, against an
“unusually uncertain” backdrop of Fed rate hikes, ECB easing and volatile oil
and metal prices.
The bank says that while the ...
The news, reported last week by Profit & Loss, that XTX Markets has
joined 360T’s platform as a streaming liquidity provider, has raised a few
eyebrows in the FX market.
Given that 360T is generally perceived to
be an FX ...
The introduction of SEFs was just one piece of the overall puzzle in the G20 swaps reform mandate. To see
the whole picture, Galen Stops looks at the impact of swaps infrastructure rules on market participants'
workflows and why MiFID ...
Market participants remain concerned about liquidity conditions in markets, but as Colin Lambert reports,
central bankers are less than sympathetic.
If 2016 is the year in which Swap Execution Facilities (SEFs)
ramp up their market presence and seek to take their
As the pace of regulatory reform for the swaps market slows, Galen Stops finds market participants divided
on the impact that SEFs have had on the market.
Ask two different swaps market participants about the
impact that Swap Execution Facilities (...