Asia
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
Documentation fears slow CNY FX derivatives growth
Foreign fund managers need clarity before market can take off, say banks
2017: year of the dollar and high-yielding EM currencies
Expensive valuations and low yields make some Asian currencies unattractive investments
HSBC targets the top spot in FX and takes RMB title
HSBC has been voted Best Bank for the Renminbi, Best Bank for EM Asian currencies and Best Bank for FX in Asia-Pacific
Fears rise that Asia will miss March 2017 margin deadline
India, Australia, Singapore and Hong Kong have yet to publish non-cleared margin rules
Bank e-FX Initiative of the Year: DBS Bank
"The idea is that any customer from Europe or the US can use DBS as a one-stop convenience bank for Asia" – Peter Soh
Retail FX hots up in Australia as traders' risk appetite grows
Volatility in 2015 boosts retail activity, but traders prove fickle with platforms
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January
Outlook for Asian FX in 2016 looks bright
There is a 50/50 chance that China will scrap its dual-currency system in 2016, says one analyst; others worry about the impact of a strong dollar and uncertain trajectory of Fed rate hikes
Non-banks up the ante in Asia's FX markets
Primary providers are seeing their market share for spot and derivatives erode as corporates turn increasingly to non-banks, new research shows
Best Bank for Australian Dollar: ANZ
The Australian bank has taken advantage of global players reducing their business in ANZ's core markets to strengthen its own presence there
Best Bank for Asia, EM Asia and EM Emea: HSBC
HSBC continues to dominate emerging Asian and Emea currencies, and it is also voted best bank for FX in Asia-Pacific
TPP countries strike ‘unprecedented' deal against currency manipulation
The 12 member states of the Pacific free-trade deal sign a declaration vowing comprehensive disclosure of FX data; members will have to abide by rules against competitive devaluation
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Asian currencies reach multi-year lows
Ringgit and rupiah worst hit as China stock plunge reverberates through FX markets; worst day since ‘taper tantrum', says strategist
Exotic FX option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis, but in a more nuanced way
Survey reveals Asian treasurers' penchant for single-dealer platforms
Preference for one-bank solution partly due to region's many managed exchange rate regimes, according to Bank of America Merrill Lynch survey
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
Australia corporates revisit FX hedging after AUD slide
Currency risk management is now a major focus for Aussie firms