LSEG adds market risk optimisation for FX options – FX Markets Skip to main content End of drawer navigation content Tool attracts eight dealers and could be expanded to rates and equity options London Stock Exchange Group’s (LSEG) post-trade division has launched its first market risk optimisation tool, initially aimed at helping foreign exchange options […]
Pimco piled into euro put options in Q2 – FX Markets Skip to main content End of drawer navigation content Counterparty Radar: EUR/USD buying spree takes Pimco’s FX options book to $7 billion Pimco has typically been a light user of foreign exchange options. But as the tariff turmoil raged in Q2 this year, the
Row breaks out over cause of FX settlement fails – FX Markets Skip to main content End of drawer navigation content One European bank blames T+1 for a 50% jump in FX fails, but industry groups dispute the claims A surprising disagreement has broken out between a large European bank and industry groups tasked with
XTX alleges Currenex entered own trades ahead of users – FX Markets Skip to main content End of drawer navigation content Market-maker claims venue used triangular arb tool to trade before users XTX Markets has demanded Currenex disclose details of a tool it claims allowed the venue to execute its own triangular arbitrage trades ahead
Spot crypto should begin trading on at least one of the designated contract markets regulated by the US Commodity Futures Trading Commission (CFTC) by year-end, according to acting chair Caroline Pham. “It’s a crypto sprint,” she said. “I’m very serious about that, so we are moving quickly.” Pham, speaking to the annual meeting of the
The popularity of hybrid options is expanding beyond hedge funds, with a growing number of asset managers, pension funds and insurers taking advantage of dislocated correlations between asset classes for yield enhancement and cheap long-term hedging. “The biggest chunk has been with hedge funds, but some of the largest trades have been done with asset
Speakers at IIF conference believe dollar selloff is cyclical rather than a structural decline Source link
The investors who aren’t fretting over Trump’s stat sulk – FX Markets Skip to main content End of drawer navigation content Some see dismissal of statistics agency chief as an assault on US institutional integrity; for others it offers a chance to throw off outdated methods When the US Bureau of Labor Statistics revised down
As developed countries continue to rack up deficits, the big question looming over markets is, who will buy the growing pile of sovereign debt? Hossein Zaimi, global head of macro at Barclays, doesn’t have the answer, but he is pretty sure the prevailing view in financial and government circles is wrong. “The sustainability of the
HSBC, Goldman prevail in shake-up of FX Markets’ Dealer Rankings – FX Markets Skip to main content End of drawer navigation content The pair thrived serving US retail funds, while Morgan Stanley retained title with life insurer clients The third edition of FX Markets’ annual exercise in identifying the top dealers in foreign exchange derivatives
Fool me once, shame on you. Fool me twice, shame on me. It’s a maxim on many traders’ minds as they try to gauge the authenticity – or otherwise – of US president Donald Trump’s pronouncements. When news broke on July 16 that Trump had drafted a letter to remove Federal Reserve chair Jerome Powell, the
US mutual funds and exchange-traded funds went into April’s tariff turmoil holding the highest net long US dollar position in recent years. According to FX Markets’ Counterparty Radar data, mutual funds’ net long USD notional position, via foreign exchange forwards, stood at $455.7 billion by the end of the first quarter, the highest long USD position
Investors hope US rate cuts will lower FX hedging costs – FX Markets Skip to main content End of drawer navigation content European investors in US assets set to boost hedge ratios as implied yields rise As the US dollar has continued its fall after April’s tariff turmoil, foreign investors in US assets have had
One of the last bastions of cash-only payments in the financial markets is showing signs of wavering. Global banks accepted $325 billion of non-cash variation margin (VM) at the end of 2024, according to the International Swaps and Derivatives Association’s latest margin survey – accounting for a record 31.6% of the roughly $1 trillion in total
Foreign exchange structurers are seeing increased demand from US corporates for options-based hedges that can limit losses on their net investment hedges caused by the US dollar’s selloff. While the economic value of derivatives hedges offsets changes in foreign assets, when those positions hit maturity companies can face hefty mark-to-market payments. Bank structurers, though, say
When the economist and geopolitical strategist Brunello Rosa was finalising drafts of his book Smart Money last year, he noted presciently that critical events might unfold before its publication in paperback. The book, written with co-author Casey Larsen, envisages a new cold war unfolding between the US and China in which “digital de-dollarisation” plays a
Goldman Sachs was the top US dealer for foreign exchange trading revenues in 2024, which more than doubled at the firm thanks to increased trading activity at the end of the year, according to regulatory filings. The investment bank generated revenues of $6.3 billion for the year, up 125% from $2.8 billion in 2023, thanks
