Trading
FSB seeks consultation on FX benchmark review
FSB to assess suitability of FX benchmark reforms
E-FX initiative of the year: ParFX
ParFX scoops best e-FX initiative of the year
Best professional e-trading venue: KCG Hotspot
KCG Hotspot wins best professional e-trading venue category
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Last look orders come under scrutiny
Banks engaged in "unfair liquidity provision" that could turn into next FX scandal
FCA seeks input on wholesale financial markets competition review
Industry to have its say on competition review
RMB-ready exporters have edge as Chinese trade links grow
Chinese firms prefer foreign corporates with RMB experience
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
RMB exchange-rate freedom for Chinese banks
Chinese central bank also widens RMB trading band
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
Trend-following strategies will bounce back – academics
Returns drop in post-crisis situations, but positive overall
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
LCH.Clearnet gains Emir approval
Clearer given the go-ahead by Bank of England
FX Focus - Banks fear Sef arbitrageurs
Some banks are scared to make prices on platforms offering both order book and request-for-quote trading, claiming users may be able to game them by using the two approaches in conjunction, with the result that dealers stop being 24-7 liquidity providers…
FX Focus - Sef volumes still struggling
Sef volumes are struggling to get off the ground as the industry waits for trading options and NDFs via a Sef to become mandatory. Can smaller Sefs survive this barren patch? By Michael Watt
FX Focus - Is Sef equivalency still solvable?
Negotiations for an equivalency system to allow European platforms to offer Sef-like liquidity to US persons fell apart in mid-May. Participants blame CFTC intransigence and warn of permanent fragmentation of the market. Can a solution still be found?…
Lloyds reinstates suspended trader
Martin Chantree cleared by internal investigation
World Cup set to "shut down" LatAm markets
FX markets are set to take an early summer break as the football tournament turns participants' heads away from the trading floor
ECB cut could bring back the carry
A rate cut and negative deposit rates from the ECB could bring back the popularity of the carry trade, strategists say
Price Markets launches Solid FX ECN platform
Both via GUI and API
Randomisation allows smaller players to compete
The fightback against HFTs is well under way in FX, where major trading platforms have embraced the idea of randomised orders in a bid to escape the technology arms race