Risk management
Best Risk Management/Options Pricing Vendor: Fenics
BGC CEO outlines commitment to the recently acquired firm
What price failure to get on top of FX risk?
As global FX volumes rise, Dev Bhudia of GoldenSource explains why certain asset managers and hedge funds are seeking alternative ways to manage pricing risk
Q&A: James Sinclair, MarketFactory
MarketFactory's James Sinclair on pre-trade risk management
Pre-trade tools could have mitigated SNB shock
According to panellists at the webinar, FXPB: A pre-trade or post-trade game?
Dixon exits BNP Paribas
Gavin Dixon, European head of derivatives clearing, is to leave the French bank
Currency manager calls for Swiss franc liquidity inquest
The collapse of foreign exchange liquidity during and after the huge Swiss franc move on January 15 caught market participants by surprise. Some are calling for an official enquiry
Australia corporates revisit FX hedging after AUD slide
Currency risk management is now a major focus for Aussie firms
Swiss corporates suspend hedging after CHF spike
Swiss corporate treasurers are waiting for volatility to subside before deciding how to hedge exposure to a strengthening franc
Systemic risks in the market on the rise, says Iosco economist
Risk-taking activity yet again at near all-time highs and return of complex financial instruments is another troubling sign
Agency desks take on risk to raise revenues
Decreasing volumes and volatility this year have helped the trend
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now
US corporates prepare for Scottish vote
US corporates appear more active than their UK peers in mitigating FX market risk in case of a Yes vote in the September 18 Scottish referendum
Regulators missing the elephant in the room
The changes happening in the FX market have woken banks to credit risks they were previously unexposed to
Corporates revise hedging strategies, survey reveals
Wells Fargo's biennial survey marks an ongoing trend among corporates to hedge significant portions of their balance sheet
Black Phoenix glitch highlights PB dangers
A Chicago-based firm's rogue algorithm highlights the dangers of running PB relationships without appropriate credit risk controls
Corporates defend macro-hedging strategies
UK corporates defend their risk management strategies, unconcerned by the prospect of a Scottish currency affecting their UK portfolios
Costs of forex manipulation could be worse than Libor
Probes into current market manipulation are gathering pace, and the findings are expected to be every bit as damaging as those relating to Libor rigging. But they may come with an even bigger price tag. Fiona Maxwell reports
Banks reconsider prime brokerage models
Small and medium-sized clients find it harder to access interbank markets
FX investors struggle to exit illiquid EM currencies
A rush to sell certain EM currencies in recent weeks has led to a dearth of liquidity and heightened the risk for buy-side firms
Cross-border resolution hinges on trust
Work to develop a cross-border recovery and resolution regime is progressing, but the need for individual regulators to sign co-operation agreements is seen as a potential problem. It boils down to trust – and that worries some participants. Michael Watt…
Insight Investment: The need for non-cash variation margin
Pension funds tend not to have a lot of cash lying around, making it difficult for them to meet clearing house margin calls. Specialist asset manager Insight Investment is pressing for a solution. By Tom Osborn
FCStone fined $1.5 million for risk controls failings
Futures broker suffers $127 million in losses following risk management failing in client account
Forex brokers brace for DDoS hacker attacks
While financial software providers offer protection against web attacks, the peculiarities of foreign exchange mean brokers might have to create bespoke solutions
Return of currency trends a boon for macro managers, says Insight Investment
The strong currency trends in 2013 have been good news for the asset manager, which uses strategies aiming to generate alpha from currency positions