The 2019 Global Foreign Exchange Committee (GFXC) survey of attitudes towards the FX Global Code finds that satisfaction with the document remains high and that adoption is growing. The latest survey had 354 respondents, up from 303 in 2018 and as with the previous survey the majority came from Asia Pacific with 44%, namely Singapore […]
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 […]
A new Artificial Intelligence/Machine Learning survey launched by Refinitiv has found that while the use of these techniques is pervasive in the financial community, poor quality data impedes their ability to leverage the advantages.
The survey found that 90% of the c-level executives and data scientists surveyed have already deployed machine learning, while all of the c-level participants said it is core to their business strategy.
On the downside, 43% cite poor quality data as the biggest barrier to adoption followed by a lack of data availability (38%).
National Australia Bank (NAB) has launched its biennial 2019 Superannuation FX hedging survey, the ninth such survey that seeks to provide detailed analysis of how Australian super funds manage their currency exposures. Australia has the fourth biggest superannuation pool in the world, as at December 2018 assets stood at AUD 2.7 trillion, of which around AUD 1.8 trillion is institutional money, with the balance being in private self-managed funds. The bank says this is the only survey of its kind in Australia thanks to the level of detail it goes into around how asset owners are managing their currency risk.
The 2018 FX Global Code Survey results have been released and while, expectedly, the last year saw significantly increased adoption rates amongst firms, there are areas of potential concern for proponents of the Code.
The survey aims to measure the awareness, adoption, implementation, and effects of the Global Code for market participants. The GFXC says the information collected through the 2018 survey is an important input as it continues to promote, maintain, and update the Code and embed it in the fabric of foreign exchange markets.
A survey of more than 100 firms associated with the derivatives markets and conducted by JCRA, an independent financial risk management consultancy, along with law firm Travers Smith, has found that a large majority of firms with exposure to Libor are yet to start making preparations for its discontinuation.
The benchmark is set to be withdrawn in 2021, but the firms say that most of those surveyed have not started negotiating replacement language in their contracts that reference the outgoing benchmark.
A new study by State Street indicates that 68% of institutional investors are concerned about their ability to hit their growth objectives within the current market environment.
The survey also found that 72% of asset owners expect to adopt a more defensive investment strategy going forward and the same percentage of asset managers will slow their plans for expansion over the next five years.
State Street’s second Annual Growth Survey talks to more than 500 global asset managers, asset owners and insurance companies.
FX trading volumes were up in the UK, US, Japan, Canada, Singapore and Australia in April compared to October 2015, according to the FX Committees’ semi-annual results. In the UK, average daily reported foreign exchange turnover was $2,213 billion in April 2016, up 5% compared to October 2015, but some 9% lower than a year […]
Strap yourselves in – this one is a little controversial. Regular readers know I like a good FX industry survey, the semi-annual FX turnover reports, for example, bring out the anorak in me and I spend hours poring over the electronic trading data. It was with interest then, that I read through this week’s report […]
In addition to more volatile markets, hedge fund managers are facing the additional challenge of more active investor behaviour according to Credit Suisse’s mid-year Hedge Fund Investor Sentiment Survey. The survey, which polled over 200 global institutional investors representing almost $700 billion in hedge fund investments, found that 84% of investors redeemed from hedge funds […]