Trade war hits Asian FX

Trade war hits Asian FX

October 04, 2019

Asiamoney ranks the top five counterparties and top three Asian counterparties in 11 different Asian jurisdictions as part of our 41st annual survey of liquidity consumption in the global FX markets.

FX market bounces back on swaps, forwards growth

FX market bounces back on swaps, forwards growth

September 19, 2019
By PAUL GOLDEN

While spot volumes remain below 2013 levels, the latest BIS triennial central bank survey notes that FX markets have recovered from the decline recorded in 2016 on the back of strong growth in swap and forward transactions.

Treasurers need to move out of risk-management comfort zone

Treasurers need to move out of risk-management comfort zone

August 28, 2019
By PAUL GOLDEN

Cash flow at risk and earnings at risk can help ensure FX risks are reported correctly, but treasurers need to do more to convince senior management to move away from tried and trusted methods that are no longer fit for purpose.

Liquidity-hunting algos the next big thing in FX NDFs

Liquidity-hunting algos the next big thing in FX NDFs

August 23, 2019
By PAUL GOLDEN

Other players are expected to follow Goldman Sachs and BNP Paribas in introducing algos designed to source both internal and external liquidity for FX NDFs, despite limited liquidity in many non-deliverable currencies.

EMS survey highlights FX traders’ platform predicament

EMS survey highlights FX traders’ platform predicament

August 09, 2019
By PAUL GOLDEN

A reluctance to dispense with legacy technology, combined with heightened regulatory oversight and changing liquidity provision from banks, has seriously complicated the execution management system (EMS) selection process for FX traders.

Euromoney FX: 40 and fabulous

Euromoney FX: 40 and fabulous

July 31, 2019

While Euromoney turns 50 this year, our first big survey was launched 40 years ago – and to this day, the FX survey remains the benchmark for the foreign exchange industry.

FX: Different testing no guarantee of better outcomes

FX: Different testing no guarantee of better outcomes

July 26, 2019
By PAUL GOLDEN

While the ability to run simulations based on hypothetical future as well as historic data is appealing, there is no guarantee that testing algos against both types would make them operate more efficiently in stressed market environments.

Hedging complacency adds to corporate FX risk, Citi finds

Hedging complacency adds to corporate FX risk, Citi finds

July 22, 2019
By PAUL GOLDEN

Citi’s latest global corporate benchmarking survey shows that companies are worryingly complacent about their potential exposure to emerging market currencies and remain reliant on manual processes to manage risk.

FX: Brokers cannot afford an identity crisis

FX: Brokers cannot afford an identity crisis

July 02, 2019
By PAUL GOLDEN

The recent withdrawal of Stater Global Markets from the prime-of-prime broker market has underlined the need for providers to continue to prove their value to clients.

FX Survey 2019: Results index

FX Survey 2019: Results index

June 11, 2019

Euromoney magazine has released the results of its 41st annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets.

FX: It's co-location, but not as we know it

FX: It's co-location, but not as we know it

June 10, 2019
By PAUL GOLDEN

Space constraints in data centres, coupled with cost considerations, have encouraged firms to seek creative solutions to the challenge of getting access to the main liquidity hubs.

FX: Corporate hedging goes forwards – and backwards

FX: Corporate hedging goes forwards – and backwards

May 17, 2019
By PAUL GOLDEN

While all the conditions for increased corporate enthusiasm for foreign exchange hedging appear to be in place, uneven demand suggests lack of consensus on how best to manage currency volatility.

In FX, clients are looking more like regulators

In FX, clients are looking more like regulators

May 10, 2019
By PAUL GOLDEN

The absence of a regulatory imperative has not deterred FX traders from increasing their use of transaction cost analysis tools, in turn increasing the pressure on brokers at a time when margins are already thin.

FX: Brazil needs to grasp the real problem

FX: Brazil needs to grasp the real problem

April 26, 2019

The 100-day mark of Brazil’s new president, Jair Bolsonaro, has recently passed; no one – not even the government itself – pretended the time had been well spent.

FX: Making the best of a bad situation

FX: Making the best of a bad situation

April 12, 2019
By PAUL GOLDEN

Determining when a client is in distress is not always a straightforward process – banks and FX platforms need to have processes in place to ensure losses are not compounded.

Special focus

The future of the RMB: special focus

The future of the RMB: special focus

March 19, 2019

Euromoney's latest coverage of how Beijing is seeking to globalize the renminbi, through currency swaps and trade-financing facilities; the rise of the offshore bond market; and how fee-hungry banks are salivating at the prospect of the RMB’s growth.

FX scandal: in the spotlight

FX scandal: in the spotlight

October 05, 2018

The market tremors from the FX-fixing scandal and subsequent probe – triggering a flurry of fines, litigation cases and prosecutions – is set to reverberate for years to come.

SEFs (swap execution facilities): Special focus

SEFs (swap execution facilities): Special focus

October 10, 2017

Swap execution facility (SEF) regulations, intended to increase transparency and reduce swap market risk, have been reported to impact market makers’ margins and liquidity, creating wider spreads for end-users.