Day: 18 August 2020

BoA Survey: Investors Increase Equity Holdings

Global investors polled in August were confident enough about global growth to increase their equity holdings and pare back their bond underweight, according to the findings of the BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 79% of fund managers looked for global growth to strengthen in the coming year, […]

Primary FX Venues See Volume Drop

The primary spot FX venues had mixed fortunes in July, with Refinitiv Matching and EBS decreasing and CME offering mixed news. Refinitiv says spot average daily volume (ADV) was $74 billion in July, a 10.8% decrease from June as well as 7.5% drop from July 2019. It was the platform’s equal quietest month of the […]

US Housing Starts Suggest Supply Surge

The US July home building data, released Tuesday, were much stronger than expected and show that the record low mortgage rates are encouraging an increase in supply to meet the demand for new homes. The pace of housing starts rose by 22.6% to a 1.496 million annual rate, well above the 1.240 million pace expected, […]

CLS Volumes Dip

The average traded FX volume submitted to CMS in July was $1.66 trillion, down 5.3% from the previous year and down 6.8% from June 2020. FX swap volumes were 1.191 trillion, down 4.7% year-on-year and down 3.6% from June, while outright forwards activity was $80 billion per day, down 27.9% year-on-year and down 20% from […]

Barclays Launches NDF Algos

Barclays has become the latest bank to extend its FX algo execution product site to NDFs, adding one-month NDFs across multiple algorithms to Gator, its liquidity aggregation and algo platform. The algos are available in seven Asian currency pairs, USDCNY, USDIDR, USDINR, USDKRW, USDMYR, USDPHP, USDTWD and the bank says the launch is in response […]