All posts tagged "FX"
-
243IndiaRBI Allows Banks to Offer FX Trading Beyond Market Hours
The move is aimed at improving the ability of market participants to hedge currency risk in the onshore rupee market to boost domestic trading volumes.
January 8, 2020 -
273Australia & NZASIC Reports High Levels of FX Global Code in Wholesale Markets
In a new report, ASIC highlights its observations of good and poor practices used by participants operating in the wholesale foreign exchange market.
December 23, 2019 -
288ChinaChina Issues Revised Trading Rules for Interbank FX Market
The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.
December 12, 2019 -
341Asia-PacificJapan, Indonesia Agree to Local Currency Settlement for Trade, Investment
Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.
December 6, 2019 -
411Australia & NZACCC Calls for Lower Fees, More Competition in FX Services
An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.
September 3, 2019 -
786ChinaShenzhen to Pilot Easier Rules on Foreign Exchange Transactions
To facilitate payments in foreign currencies, SAFE’s Shenzhen branch will move away from the approval-based system to shorten settlement to just minutes rather than hours.
August 30, 2019 -
524ChinaSHCH Issues Draft Guidance on Clearing Member Default Management
In the event of a default, Shanghai Clearing House can initiate rapid disposal of non-cash collateral, demand the disposal of a clearing member’s other assets, or perform a forced liquidation, among other measures.
August 9, 2019 -
882India
RBI Proposes to Extend Trading Hours for Forex, Money Market
An RBI working group has proposed extending onshore FX trading from 5pm to 9pm, in a bid to recapture liquidity lost to offshore markets in recent years.
July 11, 2019 -
529India
RBI Retail FX Trading Platform Set for 5 August Launch
The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.
June 21, 2019 -
1.1KChinaSFC Warns FX Brokers Against Servicing Mainland Clients
Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.
June 18, 2019
