Foreign exchange
Onshore forex options debut in China
Foreign exchange options debuted in mainland China today with a number of deals taking place. China now has an onshore market for forex forwards, forex options, forex swaps and cross-currency swap, offering market participants more hedging tools as the…
EU Council leans towards special treatment for FX
Industry's concerns starting to be reflected in legislation proposals
Asia tops regulated derivatives league table in 2010
Asia became the largest exchange-traded derivatives contracts market for the first time last year. It now holds top spots in terms of contracts volumes for equity, metals and foreign exchange products.
Yen will strengthen as it did after Kobe, say currency strategists
The earthquake and tsunami that struck Japan on March 11 will not force a weakening of the yen, according to currency strategists focused on the region.
Barclays Capital reorganises forex structuring heads in Asia, US and Europe
Barclays Capital is moving several of its foreign exchange heads into new roles as it merges two structuring entities.
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
Forex structurers prepare for inflation
Preparing for inflation
Blossoming retail
Blossoming retail
Deal-contingent trades see pick up in activity
The deal hunters
BoAML debuts cross-currency swap with corporate onshore in China
Bank of America Merrill Lynch has conducted what is believed to be the first currency swap in China with a corporate client after Safe gave the green light for such transactions to start trading on March 1.
CLS considers membership category for CCPs
"Allowing CCPs to settle FX trades bilaterally would reintroduce Herstatt risk, so it would certainly be preferable to have CCPs become either direct or third-party members of CLS," says LCH.Clearnet executive
South African investors turn to Australian dollar in search for yields
South African investors bank on Australian dollar
Securities regulators at odds over OTC shift to trading platforms
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
SG profits boosted by interest rate and forex structured solutions
Société Générale's latest results highlight contribution of interest rate and foreign exchange structured products.
CLS committed to settlement risk mitigation under new regulations
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Israel’s Fischer calls for international FX rules
Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
HMT's Hoban: Beware of sweeping forex into EU derivatives reform
Advocates of an exemption from mandatory central clearing requirements for foreign exchange swaps and forwards have won the support of the UK government, as a senior treasury official admits to the risks inherent in regulating FX in the same way as other…
Emerging markets: braced for the end of the party?
Emerging markets: braced for the end of the party?
Spotlight on: Jeremy Hill, Royal Bank of Scotland
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
JP Morgan creates actively managed index with Permal
JP Morgan creates actively managed index with Permal
Choice of collateral currency
Collateral agreements are becoming popular in the over-the-counter derivatives market. Masaaki Fujii and Akihiko Takahashi demonstrate its significant impact on derivatives pricing with a direct link to the cross-currency market. The importance of…
CSRC to ban QFII quota use for China derivatives; ETF providers hit
The CSRC plans to ban derivatives dealers from using QFII quotas to on-sell derivatives mirroring CSI 300 index futures contracts to offshore clients. The move looks set to challenge ETF fund managers when hedging China index-tracking funds.