Feature
Banks raise concerns over liquidity in new FX options ventures
New York-based interdealer broker GFI Group last week completed the launch of its FX options trading platform, joining a handful of entities rolling out such platforms. Will banks provide liquidity to the new ventures? Farah Khalique reports
Foreign exchange concerns prompt investors to seek diversification
People on the buy-side give their thoughts on the prospect of a currency war, as central banks grapple with the problem of how much to intervene in their FX markets
Corporates assess their hedging options
Ben Nicklin, FX structurer at Royal Bank of Scotland in London, looks at the rise of option-owning corporate hedging strategies
PPP still has legs in the USD/CAD market
Irene Aldridge, quantitative portfolio manager at Able Alpha Trading, and Steven Krawciw, wealth management executive at Credit Suisse in New York, look at the value of PPP in quant strategies
Ban on rehypothecation could increase derivatives costs
Investors have become more aware about the security of collateral since the collapse of Lehman Brothers. A number of hedge funds are now insisting margin posted on derivatives trades is not rehypothecated – a trend that could drive up costs. By…
Voting now open for the FX Week Best Bank Awards!
Submit your vote for the 2010 Best Bank Awards, organised by FX Week.
Lufthansa wary of OTC regulations
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest rate…
2010 e-FX Awards are presented to winners in New York
Each year, FX Week holds the e-FX Awards, recognising innovation and success in the electronic foreign exchange trading industry.
The challenges of CVA
The onset of the financial crisis spurred banks to charge for counterparty credit risk in their forex dealings. But how to do that is proving theoretically and practically challenging. By John Ferry
The hedge costs explosion
High volatility in foreign exchange markets over the past year has forced many corporates to reassess their hedge books. A number of banks have increased their advisory services to help companies conduct an in-depth analysis of their exposures as a…
Regulatory fears will boost offshore markets
Offshore markets to gain from regulatory arbitrage
Market spooked by 'dollar demise'
Is the US dollar set to lose its "unique status" among world currencies? Nikki Marmery reports on what the experts say
Prop traders continue shift to independents
The flow of proprietary foreign exchange traders to independent prop trading houses shows no sign of abating, as uncertainty over remuneration and reduced risk appetite continue to plague global banks.
UK's FXJSC puts brakes on forex CCP
The London Foreign Exchange Joint Standing Committee (FXJSC) has ruled out the immediate need to implement a central clearing facility to manage counterparty risk (a CCP) in foreign exchange, citing a series of mismatches in market conventions in a white…
CCPs may need public sector support
BASEL - Central counterparties (CCPs) could require public sector support in the event of simultaneous defaults of a number of participants, according to economists at the Bank for International Settlements (BIS).
FX prime brokers adjust pricing
The financial crisis has caused foreign exchange industry executives to take a wide variety of steps to adjust to changing circumstances.
Obama reform holds back on OTC derivatives
US Treasury white paper fails to provide new details on how central counterparty clearing in OTC markets would operate.
Sharia forex products take off
HSBC and other banks are expanding their offerings of sharia-compliant foreign exchange products.
Trading on stat-arb
Irene Aldridge, managing partner at Able Alpha Trading, in New York examines the stat-arb technique
Dealers welcome CLS JV
Icap and CLS joint venture seeks to reduce operational risk and post-trade costs in foreign exchange trading
G-20 plans global systemic risk regime
Greater role for Financial Stability Forum to help combat international systemic risk and prevent another banking crisis
Fit for forex
A variety of online trading and analytics platforms are being offered by banks to their clients. FX Week looks at the functionality and benefits of some of these systems. By Ryan Davidson