Latest Asia Derivatives FX news

  • HKEX to add derivs 'volatility control mechanism'

    Hong Kong Exchanges and Clearing will introduce a ‘volatility control mechanism’ next month for its derivatives market in a bid to stop trading errors and other incidents causing extreme price volatility.

    • 24 Oct 2016
  • FX bankers bask in Asia’s growing influence

    There has never been a better time to be an FX banker in Asia as the region captures a bigger share of global activity driven by the rise of the renminbi and increased capital flows to and from the continent. Technology is also playing a bigger role but the best franchises from Asiamoney’s FX Poll 2016 combine that with top notch advisory, and geographical and product clout. Lorraine Cushnie reports.

    • 29 Sep 2016
  • HKEX begins cross-currency clearing

    Hong Kong Exchange, through its subsidiary OTC Clear, has launched a clearing service for cross-currency swaps, beginning with the dollar/offshore renminbi currency pair.

    • 15 Aug 2016
  • RMB round-up: HK sees deposits drop, HKEX new contracts set records, Shenzhen Connect closer

    In this round-up, Hong Kong sees further drops in its RMB deposits base in June, new RMB futures contracts on the Hong Kong Exchange (HKEX) reach trading records in early August, and a Chinese regulator sets up a working group to prepare for the Shenzhen Connect launch. Plus, a recap of GlobalRMB's top stories this week.

    • 12 Aug 2016
  • UK, Japan stimulus plans drive markets in different directions

    It was a tale of two interventions this week, as Japan underwhelmed markets with its stimulus plan while the Bank of England delivered more than expected, in moves that also sent the yen and pound reeling in different directions.

    • 04 Aug 2016
  • Global Derivatives Awards 2016 — the nominees

    GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.

    • 02 Aug 2016
  • Equity and credit arb traders suffer sharp unwind

    Big moves in credit, equity and foreign exchange markets this week were magnified by mass unwinding of previously popular trades as investors capitulated to a reversal of fortunes for Japan and European banks.

    • 14 Jul 2016
  • China outlines foreign bank reserves rules for FX trading

    China’s foreign exchange and interbank money market announced on Wednesday that foreign financial instituions conducting FX forward-trading will have to start setting aside reserves later in the year.

    • 07 Jul 2016
  • RMB round-up: new RRR to help CNH liquidity, Singapore’s RMB bet, Shenzhen ready to Connect

    In this round-up, China introduces a new calculation for bank’s reserve ratio, trading of RMB futures in Hong Kong drops, the Shenzhen Stock Exchange (SZSE) is ready for Hong Kong Connect, and Singapore’s central bank sees a slowdown in RMB internationalisation. Plus, a recap of GlobalRMB’s coverage this week.

    • 10 Jun 2016
  • Taifex launching first RMB FX options in Asia

    The Taiwan Futures Exchange (Taifex) is set to launch the first exchange-traded options on RMB rates this month, the exchange told GlobalRMB. Taifex is also seeking regulatory approval to launch more A-shares index futures.

    • 08 Jun 2016
  • RMB round-up: May 27, 2015

    In this round-up, the Shanghai-Hong Kong Stock Connect see steady volumes on its southbound channel, the Sino-German exchange in Frankfurt marks its first six months and HKEX offers new details on its expanded RMB futures. Plus, a recap of GlobalRMB’s top stories this week.

    • 27 May 2016
  • Total Derivatives: Pandamania looms for cross-currency basis

    A recent flurry of developments related to Chinese offshore and onshore bond markets, coupled with a burgeoning (but not yet flowing) pipeline of Panda bonds is sparking talk that the next great leap forward for cross-currency basis swaps is within touching distance, writes Roger James of Total Derivatives.

    • 26 May 2016
  • Hong Kong seeks RMB boost with centrally cleared CCS

    OTC Clearing Hong Kong (OTC Clear) is set to provide clearing services for cross-currency swaps (CCS) by the end of the year as it banks on the city’s status as a premium offshore renminbi hub.

    • 25 May 2016
  • Option traders yawn as Abe warns of crisis

    Equity and currency derivatives markets were ill-prepared for any major policy changes coming out of the G7 meeting this week, with prices reflecting low expectations of volatility. But even as the first day's session on Thursday passed without shocks, there was a growing sense that Friday could bring a bigger showdown.

    • 24 May 2016
  • HKEX launches RMB basket index, grows futures offering

    The Hong Kong Exchange (HKEX) has announced the launch of the first RMB global currency index, with a new line of RMB currency futures approved for take off on May 30.

    • 24 May 2016

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Oct 2016
1 CITIC Securities 15,417.46 59 6.69%
2 Morgan Stanley 11,809.74 49 5.12%
3 GF Securities Co Ltd 11,402.65 45 4.95%
4 Deutsche Bank 8,930.26 36 3.87%
5 China Securities Co Ltd 8,697.57 46 3.77%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 HSBC 25,655.98 155 9.54%
2 Citi 24,170.03 132 8.99%
3 Bank of America Merrill Lynch 21,409.23 104 7.97%
4 JPMorgan 18,713.00 109 6.96%
5 Goldman Sachs 12,065.00 52 4.49%