Hedge funds that used exotic foreign exchange derivatives to buy cheap forward exposure to volatility around the US presidential election are beginning to rack up profits, as vol rises into next ...
Corporate foreign exchange structurers had a tough time post-Covid. Developed-market central banks had all cut rates in response to the pandemic, meaning interest rate differentials were slender. For ...
Shanghai Clearing House is facing calls to accept bonds as margin for foreign exchange trades, as dealers reel from high clearing costs exacerbated by paltry interest payments on cash collateral. The ...