Derivs - FX

Private investors long Australian dollar via dual currency deposits are looking at two-or-three month AUD-denominated equity-linked structured products referencing Hong Kong single stocks or Asian baskets in a bid to increase yield as the AUD depreciates.

Barclays has launched a one-year structured product allowing investors to take advantage of the Indian rupee appreciating against the U.S. dollar.

A U.K. headquartered investment bank has been buying Swiss franc calls on the euro against CHF, the U.S. dollar/CHF and CHF/yen.

The freefall of the Indian rupee over the last month and a half has been slicing returns of foreign investors in Indian equities. That’s fueling substantial over-the-counter put buying on the Indian S&P CNX Nifty index from foreign real money accounts that are fearful the currency slide may hit the equity market as well.

Adrian McGowan, managing director and head of fx trading Asia Pacific at Barclays Capital in Singapore, is set to replace David Shannon as global head of fx options in London.

THEAM, the asset management division of BNP Paribas, plans to buy a six-month call spread on the U.S. dollar against the yen for three of its flagship Alternative Return Range funds.

Bank of Tokyo-Mitsubishi UFJ has hired Dipen Navsaria as an fx options trader in London in a new role.

The Hong Kong Monetary Authority’s relaxing of its offshore yuan net open position limits will inject greater liquidity into the market and allow institutions to better manage their fx positions.

Euro/U.S. dollar barrier options with strikes at and around USD1.2650 have been knocked out as euro spot fell to a four-month low of 1.2643 on Friday morning, following a raft of European rating downgrades the previous day.

The progression from voice-trading exotic options to electronic trading platforms will not be immediately transferable, according to a report by Aite Group, an investment research firm.

A slew of large euro/U.S. dollar barrier options with strikes at and around USD1.250 are the focus of the fx market as the falling euro raises the possibility of the barriers knocking-out options.

Credit Suisse has launched its first offshore deliverable Chinese renminbi structured product in Europe.