Something that has bemused me a little over the past couple of years is platforms’ desire to throw plenty of resources at the NDF market – it ranks up there in mystification levels with why the authorities insisted on mandatory clearing for such a relatively low-key product. I am not quite sure why I think […]
Inter-dealer brokerage firm TP Icap is in “advanced discussions” with equities and fixed income trading technology provider Liquidnet for between $600-700 million. The firm says the deal will bring it a buy side client base as well as opportunities to build a dealer-to-client business line. Although Liquidnet is mostly known for its equities dark trading […]
BGC Partners has reported a year-on-year increase in revenues, however in what was a pretty decent set of financial results, FX performance was the only asset class to see a drop with the ‘energy and commodities’ and ‘equities, insurance and other asset classes’ segments driving the growth. The company, which also announced plans to become […]
Chris Soriano, executive director, head of cash emerging markets, Americas at EBS, will be speaking at the Profit & Loss Latin America event in Mexico City on March 25. Ahead of the event, he discusses the key opportunities and challenges facing firms trading NDFs, both in LatAm and globally. Profit & Loss: What do you […]
Greg Wood joined Standard Chartered on Monday as its new e-trading business manager for FICC, based in London. He reports to London-based executive director, Goncalo Lima. Wood most recently worked in Washington for the Futures Industry Association (FIA) as senior vice president of global industry operations and technology. Prior to FIA, he worked at Deutsche […]
Although the availability of liquidity remains the biggest daily concern for market participants, according to JP Morgan’s annual e-trading survey, the results also suggest growing concerns about the availability of data and an increased focus on data services. The annual survey, now in its fourth year, invites institutional and professional traders to share their views […]
Singapore’s efforts to make itself the leading FX hub in Asia has seen several players in the spot market locate their pricing engines in the city state, but on January 27 that centre’s FX offering will be boosted by the opening of an institutional FX options trading platform with SynOption due to start trading. Initially […]
With the disclaimer that one only has a degree in English Literature (the other keeps his 5 O levels quiet) Colin Lambert and Galen Stops ignore their lack of expertise and dive back into the legal world in this week’s podcast as they look at the big issues in the FICC world. Stops explains the […]
This column may come across as irritable, confused or just an incoherent babble – but all I can say is that the nation you love only wins the world championship in a sport you love for the first time once, but unfortunately I had to sit up until 5am to actually see it (and actually […]
Volumes in NDF markets have increased dramatically in recent years, but what is behind this accelerated activity and will it continue? More importantly, what role are the lessons learned from the G10 markets playing? Colin Lambert finds out.
The biggest growth story in foreign exchange over the past two years since the Bank for International Settlements’ 2016 Triennial Survey of FX Turnover has largely taken place in the shadows, for while spot volumes have largely plateaued, activity in the non-deliverable forward segment has grown exponentially. NDF average daily volumes, as reported by the UK and US foreign exchange committees, is 50% in the two years from April 2016 – a pace of growth no other product can match.