BNP Paribas reveals at Sibos in Canada that it has extended its collateral management for centrally cleared OTC derivatives

Citi’s EMEA head of regulation for transaction services raises concerns that countries incorporating their own local traditions into Sepa payments may undermine the harmonisation that the initiative is intended to bring.

Deutsche Bank’s head of finance and cash management for corporate reveals plans to increase headcount and capabilities within at least two more major cities in China

The latest Commitment of Traders report issued on Friday by the CFTC showed that aggregate USD speculative positions moved from a net short to a net long position for the first time since July 6 2010.

The potential for positive surprises in the to-and-fro of Greece’s ongoing solvency crisis makes short euro positioning a tricky strategy, says Barclays Capital. With positioning in the Eurodollar already skewed towards short positions, they argue the options market is the safest way to bet on a weaker euro

FXAlliance, the top-ranked multi-dealer FX platform, has filed documents with the US Securities and Exchange Commission (SEC) for a proposed initial public offering of common stock, the company said in a statement today. (Corrects shareholder stakes in FXAll in fourth paragraph)

The dollar’s recent appreciation against almost all currencies is likely to continue as a result of slowing reserve accumulation from central banks, which has in recent time boosted demand for most G10 currencies as reserve managers sought to diversify their holdings out of US dollars, says Morgan Stanley.

High-net-worth individuals are boosting their allocations to currency investments at a time when they are reducing their exposures to alternative investments overall, as they seek more liquid instruments and better returns than are available from traditional asset classes.

Macro hedge funds were the best-performing strategies in the industry in August, according to the latest performance data from Absolute Return, a sister publication of EuromoneyFXNews.com.

Hotspot FX, the multi-dealer platform owned by Knight Capital Group, said month-on-month average daily volumes (ADV) rose 1.45% in August

Renminbi internationalization is gathering pace, with the central banks of Chile and Nigeria studying plans to include the Chinese currency in their reserves, reports Asiamoney, a sister publication of EuromoneyFXNews.

Algorithmic trading will make up a quarter of total trading volume in the FX markets by the end of 2014 as the number of new participants in FX trading grows, and as more clients take advantage of algo trading tools to improve trading efficiency and respond to regulators’ requirements for greater transparency, according to a research report by consultancy group Aite.

Goldman Sachs has lowered its relatively bullish forecast on the euro, downgrading its three-month EURUSD forecast to 1.40 from 1.45, citing increased fiscal-risk premia and weaker activity data in the eurozone as primary drivers of the forecast revision.

Published in conjunction with:

Bankers and corporate treasurers discuss how best liquidity can be safeguarded in a world of wider regulation and broadening markets.

Citigroup has launched a new FX investment platform, CitiFX Access, that will offer a range of opportunities for investors to get exposure to currency markets via currency managers and to generate alpha, the bank said today.

A German exit would mean costs would be higher than bailing out the periphery

Will the politicians save the euro before Greece defaults? What are the Chinese doing? Already the RMB is bond issuing and Asian trading currency. Reserve currency next?

CLS Group, the multi-currency cash settlement system that eliminates FX settlement risk, said average daily volumes in August were marginally higher than the previous month, in what is typically a quiet month for volumes.

CME Group tells Euromoney it is waiting for more evidence of automated trade processing in Asia before it releases new Chinese renminbi FX products

Saxo Bank has introduced the capability to trade offshore Chinese renminbi against the US dollar by adding USDCNH to its trading platform, the bank said in a statement today.

An increasing number of hedge funds are set to move into FX as returns become increasingly hard to generate in equity and bond markets, according to fund managers and consultants.

Royal Bank of Scotland has made two key hires in FX sales by appointing a new global head of financial institutions sales and a UK head of hedge fund sales, the bank confirmed today.

Santander has hired Phil Sobey from Nomura to head its institutional FX sales team in New York, EuromoneyFXNews can reveal.

Brazil’s government has not shirked from competitive devaluation policies. The most recent, in July, was a strike against currency speculators through a new FX derivative tax. Rob Dwyer looks at how it will affect corporate hedging strategies.

Lloyds Banking Group has hired Graham Harris from UBS to head up its financial institutions non-banks flow team, EuromoneyFXNews can reveal.

The latest Commitment of Traders report issued on Friday by the CFTC has signalled a major jump in dollar bullishness.

Asia has leapfrogged the US and Europe as the most active part of the retail FX markets, accounting for 40% of the volumes transacted, according to a report published by the consultant, Celent. The global market turns over $200 billion a year with annual growth of 33% since 2007, the report adds.

Pictet, the swiss private bank, has hired market veteran Stefano Lupi, as head of trading and sales, cross asset class for Asia, based in Singapore, from Banco Santander, where he was head of FX institutional sales.

Global macro hedge funds have had a torrid year in 2011 but August looks to have been kind to them in aggregate, with HFR data revealing the strategy was one of only two - alongside Short Bias - to register positive returns for the month. The HFRI Macro (Total) Index limped over the line to make investors 0.12%, while the Systemic Diversified Index made a more robust 0.94%.