Singapore staves off threats to its FX crown

Singapore staves off threats to its FX crown

Singapore is steadily fending off threats to its position as Asia’s largest FX trading centre, threats that include liquidity concerns, growing volumes in Hong Kong and the rise of Shanghai.

FX scandal: in the spotlight

FX scandal: in the spotlight

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.

FX: Pragma unleashes algo traders on NDF market

FX: Pragma unleashes algo traders on NDF market

The non-deliverable forward (NDF) market has been among the fastest growing corners of the FX market, as investors looking for yield increasingly turn their attention to emerging market (EM) currencies.

Prime-of-primes play down fears of FX systemic risk

Prime-of-primes play down fears of FX systemic risk

Prime-of-prime providers reject any suggestion that their existence could undermine the FX industry, but they acknowledge that further investment in pre-trade risk control will be required to maintain customer confidence.

Brexit-related FX mis-selling claims hitting hurdles

Brexit-related FX mis-selling claims hitting hurdles

Claims of FX derivatives mis-selling have spiked since the EU referendum, although the limited number of court cases brought to date indicates the difficulties faced by companies who feel they were sold products not appropriate for their hedging requirements.