HSBC trades first FX hedges linked to global MSCI ESG index
Total return swap executed by HSBC marks the first time that the MSCI World ESG Leaders Index had been hedged with an FX overlay.
Foreign Exchange
BNP Paribas rolls out algo for Brazilian real markets
The expansion of its NDF capabilities will see BNP Paribas provide on-shore liquidity on the Brazilian Mercantile and Futures Exchange.
RBC partners with State Street’s BestX to launch FX TCA service
The service uses BestX technology to provide RBC Investor & Treasury Services clients with FX TCA reporting to assess the execution quality of their currency overlay services transactions.
Deutsche Bank adds Vietnam hedging rules to FX platform
Hedging rules added to Deutsche Bank Vietnam’s Autobahn platform will allow foreign institutions to manage Vietnam Dong exposures in post-trade transactions.
Euronext expands FX division with wave of new hires
Executives from NatWest Markets, Barclays, Euronext, and GFI Group have all joined the exchange’s FX division across its liquidity management and sales operations.
Nomura to launch electronic FX trading engine in Singapore
The launch of the FX pricing engine in Singapore by Nomura comes as part of a regulatory scheme to make the region a trading hub.
Equiti Capital selects NatWest Markets as FX prime broker
Following the need to use multiple prime brokerage partners to diversify risk, Equiti Capital has partnered with NatWest Markets as its second prime broker.
Goldman Sachs uses Quantile to optimise using new LCH cleared currency pairs
Goldman Sachs was one of the first three market participants to use Quantile to optimise five of the eight newly launched cleared currency pairs offered on LCH’s ForexClear.
CME adds Refinitiv and IHS Markit messaging to FX swaps platform
Clients of the CME FX Link platform, including Goldman Sachs, can receive OTC spot FX messages directly via Refinitiv Trade Notification and IHS Markit’s MarkitSERV.
Commerzbank launches FX algos on BidFX platform
Traders using the BidFX platform can now access the FX algo suite from Commerzbank directly in latest partnership.