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    Currencies

    Banks scale back short-dated FX swaps trading, BIS finds

    Interbank foreign exchange swaps trading has stagnated since 2022, as banks turn to the forwards market for their short-term liquidity needs, according to...

    All that glisters: precious metal volumes surge on FX venues

    Since the earliest days of civilisation, humans have traded gold, silver and other precious metals. But only in recent times have these age-old...

    MAS official flags risks in Asia’s path to T+1 settlement

    A senior Singapore regulator has warned that Asia’s likely move to T+1 settlement must be carefully managed to avoid introducing new risks into...

    Compression eases capital, risk bottlenecks amid CNH swap boom

    Dealers say that the introduction of multilateral compression for US dollar/CNH cross-currency swaps at Hong Kong Exchanges and Clearing OTC Clear will help to...

    Inside Safran’s $54bn FX options book

    The largest counterparties for complex foreign exchange options are typically the leading multi-strategy and macro hedge funds that place big bets on the...

    NatWest retunes options tool to create, not hedge

    Like many dealers, NatWest has for years had a tool that automatically trades in the underlying spot or forwards markets to replicate and...

    Market-makers near limit for lira carry-based options trades

    Dealers might be nearing their capacity for Turkish lira options-based carry trades, as liquidity pressures, market risk and unwind concerns begin to constrain...

    Internalisation trend driving FX market opacity to new highs

    The increasing shift of foreign exchange spot market volumes into liquidity providers’ internalisation engines has made real-time visibility into the true magnitude of...

    Caution needed for vendor-generated FX dealer suggestions

    Vendor tools offering counterparty suggestions to foreign exchange traders should not replace a firm’s own execution assessments, warn market participants.The products, aimed at...