Industry roundup: 29 April 2020
by Ben Poole
Today's headlines include FX losses, AI use in AP, account reconciliation on blockchain, and more.
Buying & Selling FX
Background
Today many corporate treasury departments use the automated multi-bank FX trading platforms which make buying and selling FX very easy. Just ask 3-4 banks on your panel of approved banks or approved…
Read more
FX volatility increasingly needs managing constantly
by Jack Large
How effective is your hedging programme? and do you do 1-t-1 hedging?
Industry roundup: 17 April 2020
by Ben Poole
News in brief featuring a ranking of the best FX banks, Facebook's Libra applying for a payments licence, and Danone selecting C2FO.
J.P. Morgan establishes electronic FX trading and pricing engine in Singapore
by Ben Poole
This is the fourth such engine launched by the bank, following New York, London and Tokyo.
Algos in FX: slow start, massive potential
by Ben Poole
A Greenwich Associates report explores the evolution of algorithmic trading.
Bank of China and Refinitiv launch foreign exchange price prediction app
by Ben Poole
DeepFX uses AI to predict short term price movements in FX pairs for market participants and is available to global users of Eikon.
Integral partners with Western Union to provide FX technology solutions
by Ben Poole
The cloud-based BankFX platform offers control over more than 10,000 currency pairs.
Deutsche Bank invests to support Vietnam cross-border trade
by Ben Poole
The bank is responding to higher demand for Vietnam dong on FX platforms.
Constant Currency Reporting: the good, the bad and the ugly
by Jack Large
Helen Kane, Hedge Trackers explains the concerns, why it’s a problem & what to do about it
Deutsche Bank invests in Sri Lanka
by Ben Poole
The bank is targeting corporate clients with a new digital FX platform.
ACI FMA partners with Axiom Global Advisors
by Ben Poole
The partnership intends to boost the industry-wide implementation of the FX Global Code.
Highly automated FX risk management and optimised hedging at Dräger
by Alexander Fleischmann , Head of Market Development, International, TIPCO
by Mark Blatt , Strategic Projects, Finance & Controlling, DRÄGER
As hedged as necessary, as cost-effective as possible: A new dimension in FX hedging
SMBC selects Kx for e-FX infrastructure
by Ben Poole
The multi-year agreement will provide the bank with a variety of capabilities, including algo trading and risk management tools.
Standard Chartered’s first use of FX e-trading engine demonstrates latency reduction
by Ben Poole
The inaugural trade, executed with the bank’s counterparty United Overseas Bank, saw a latency reduction of 80%.
US corporates rack up FX losses of US$11bn in three months
by Ben Poole
A Kyriba report identifies prolonged currency volatility as a factor in the Q3 2019 losses.
Top 10 market structure trends for 2020
by Ben Poole
New Greenwich Associates report finds that technology will continue to drive financial market evolution in the new year.
Deutsche Bank introduces WeChat on Symphony
by Ben Poole
Chinese corporates will be able to use the WeChat integration in the FX trade process.
Scope Ratings notes Santander has strengthened its hand in digital arms race
by Ben Poole
The bank's £350m investment in Ebury follows its successful investment in Getnet.
North American companies see US$21bn in FX losses in latest quarter, research finds
by Ben Poole
A Kyriba report shows FX losses cost companies more than US$44bn in 2019.
FX-hedge portfolio optimization using TIP
by Jack Large
TIPCO claim new levels of FX hedge efficiency whilst cutting FX dealing costs
FX API aggregators gain, while ECNs work to prove themselves
by Ben Poole
A Greenwich Associates report shows that multidealer platforms and telephone trades remain the most popular ways of executing FX trades
Kantox to provide Citi with FX payments connectivity for US corporates
by Ben Poole
Kantox will connect directly with Citi's foreign currency payments platform as part of the arrangement.
SWIFT RMB Tracker finds London’s key role in FX business
by Ben Poole
London leads the world's RMB FX business, while more banks globally are using the currency for payments.
Bank of America Merrill Lynch offers FI clients guaranteed FX rates for up to 180 Days
by Ben Poole
Banks can now offer their customers more rate certainty on cross-currency payments.