Articles tagged by Fx
The Mexican peso is expected to underperform
most of its peers in the emerging markets, according to a survey of FX
corporate and sales executives, traders and strategists attending Bloomberg’s
FX16 Symposium found.
Out of more than 120 respondents, some
TradAir, a front office technology provider, has signed a contract to
supply UOB Bullion and Futures (UOBBF) with its platform for trading leveraged
FX, non-deliverable forwards and precious metals.
UOBBF is the Singapore-based
brokerage arm of United Overseas Bank Limited.
Continued market uncertainty following the UK’s
vote to leave the European Union vote has led to a flight to safe haven
currencies and raised questions about the future of financial regulation,
although corporates appear to be coping well with ...
I don’t think there is anyone out there who
doesn’t think the FX market performed well under the stress of the surprise
outcome from the UK referendum last week, but I suspect the real test is only
Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled ...
The Bank of England (BoE) is expecting that
some “monetary policy easing will likely be required over the summer” as the
“economic outlook has deteriorated” on the back of the UK voting to leave the
EU, the BoE governor Mark ...
The first three platforms to confirm data
for June show that FX volumes rose across the board driven, of course, by
activity around the UK’s vote on European Union membership.
FastMatch recorded average daily volume
(ADV) of $16.1 billion in ...
Former Barclays FX trader Chris Ashton is
to appear at a hearing at the East London employment tribunal on July 13
against the bank, which he is suing for unfair dismissal, confirms his lawyer
Ashton is suing Barclays for ...
Societe Generale Prime Services’ CTA
Indices show positive performance for commodity trading advisors in the two
full days of trading after the UK referendum results – Friday 24 June and
Monday 27 June.
In the immediate aftermath of the result
on Friday, when ...
Asian corporates and CFOs cited FX risk as the financial
risk that they are most concerned about, according to a new survey from Thomson
Reuters and Asset Benchmark Research.
In the report accompanying the research results, it notes
that as ...
Do risk managers need
to fundamentally re-think their approach to markets? Specifically, are they
paying enough attention to liquidity risk, assuming, of course, that there is
even a way to accurately and dynamically determine this risk in markets?
I ask ...
The US National
Futures Association (NFA) has adopted a new compliance rule (2-36) to govern
foreign exchange transactions.
NFA says that it has
done so because, “Given the differences between off-exchange transactions and
traditional exchange-traded futures and options, the board ...
Informed sources say that National
Australia Bank has a new global head of foreign exchange trading following the
departure of David Jones, who had held the role since mid-2013.
The sources say that Sydney-based Mark
Lawler has been named to ...
With the dust having
settled somewhat following the UK’s historical referendum decision to leave the
European Union, there are some clear winners and – unfortunately – some losers
emerging in the aftermath.
It should be noted
that this list is by ...
Citi is on the wrong end of a third unfair
dismissal trail according to sources familiar with the matter who say that Rob
Hoodless has won his claim against the bank.
In an email statement, Hoodless says, “The East London ...
Sydney-based Hunter Burton Capital has
launched a second FX fund to compliment its existing HBC Alpha fund.
The new fund, the HBC Income Fund, will be
managed by Rob Lerpiniere, who joined
the firm last month and will target 8-10% ...
Although the clamour for transaction cost analysis (TCA)
tools is growing amongst buy side firms, they face numerous challenges if they
are going to use them effectively, said panelists at Profit & Loss’ Forex Network New York conference.
“Best execution has ...
Trying to decipher platform performance
during last month’s UK-inspired mayhem is almost as difficult as keeping track
with the latest shenanigans in UK politics following the vote to leave the EU –
but I’ve had a go and there ...
In a release to accompany a new survey
taken by the firm, LMAX Exchange casts doubt on the ability of the FX Global
Code of Conduct to deliver industry reform in a timely fashion.
While noting that the first release ...
CLS Group has
announced that Wells Fargo has joined as a settlement member.
Wells Fargo joins 64 other settlement member
banks in becoming a direct participant in CLS’s settlement and risk mitigation
system – which settles approximately $5 trillion a day on ...
hearings of former Barclays FX trader Chris Ashton’s unfair dismissal and
whistleblowing claim against the bank started on Tuesday at the East London employment
the tribunal said they will decide by Wednesday whether to take ...
Michael Spencer, the group CEO of Icap, claimed to be
“cautiously optimistic” about his firms’ future prospects despite heightened
uncertainty surrounding the macroeconomic outlook for the UK and the global
In a trading statement for the period April 1 2016 to ...
Strap yourselves in –
this one is a little controversial. Regular readers know I like a good FX
industry survey, the semi-annual FX turnover reports, for example, bring out
the anorak in me and I spend hours poring over the electronic ...
Ashton’s claim of whistleblowing against Barclays, where he was formerly head
of spot FX voice trading, is “absurd”, according to Justin Bull, the bank’s former
global chief operating officer.
Bull - who co-chaired Ashton’s disciplinary
The average daily
input value submitted to CLS was $5.19 trillion in June, up 12.6% from the
previous month and up 3% year-on-year.
Average daily input
volume submitted to CLS, combining the settlement and aggregation services, was
1.16 million in June.
This represents a