Lebanese pound sees end of dollar peg

Lebanese pound sees end of dollar peg

May 07, 2020
By VIRGINIA FURNESS

The six exchange-rate system is now untenable, with the currency losing more than 50% of its value since October, but analysts say floating the currency will cause more pain without IMF support.

FX outsourcing is quick, but not always easy

FX outsourcing is quick, but not always easy

February 14, 2020
By PAUL GOLDEN

Margin pressures on buy-side clients such as asset managers have prompted increased interest in outsourced FX solutions, but firms must know exactly what they are paying for.

Euromoney FX Survey 2020: Voting now closed

Euromoney FX Survey 2020: Voting now closed

January 16, 2020

Euromoney's 42nd annual survey of the world's foreign exchange markets the most authoritative and comprehensive ranking possible was live from 16th February and closed 28th February 2020.

Technology vendors eye FX client onboarding opportunity

Technology vendors eye FX client onboarding opportunity

January 10, 2020
By PAUL GOLDEN

Regulatory technology vendors are relishing the prospect of helping banks minimize FX client onboarding errors, but in a world where legacy systems remain commonplace, regtech is not always an easy sell.

Eurex joins the cross-currency swap clearing party

Eurex joins the cross-currency swap clearing party

November 28, 2019
By PAUL GOLDEN

The international exchange’s clearing offering for EUR/USD and GBP/USD cross-currency swap transactions marks another modest step towards wider use of central clearing in FX.

Independent TCA still a challenge in FX market

Independent TCA still a challenge in FX market

November 08, 2019
By PAUL GOLDEN

Implementation of FX transaction cost analysis (TCA) appears to have stalled, with the impracticality of conducting analysis across every available venue encouraging many parties to rely on venues or dealers to measure execution, despite concerns over transparency and impartiality.

Corporates revisit options for reducing FX exposure

Corporates revisit options for reducing FX exposure

November 01, 2019
By PAUL GOLDEN

Corporates often perceive options as an expensive means of hedging FX risk compared with forwards, but a number of market developments have increased their attractiveness as a tool for reducing currency exposure.

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.

Special focus

The future of the RMB: special focus

The future of the RMB: special focus

February 12, 2020

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 04, 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 09, 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.