Trading
US banks’ Ficc earnings drop in Q3
Only Citi managed growth versus second quarter and Q3 2017
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Platform volumes up in August amid EM woes
Trading was higher than in the same period of 2017, with the euro and some emerging market currencies hitting yearly lows
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look
NatWest bids for order-book management business
The UK dealer's frosted glassbox serves as segregated order execution desk for fixings and stop losses
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
Dollar will be tested if stocks correct – City Index
High risk of major stock market correction in US will dampen dollar strength, says broker
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
Active traders were stabilisers during FX shocks, says think-tank
The three largest currency moves of the past 20 years give insight into trading behaviour across segments, says JP Morgan Chase Institute
INTL FCStone rolls out e-platform for frontier units
Platform to streamline price discovery of exotic currencies through more electronic process
FX volumes rise in May
Trading platforms continue positive trend that started at the beginning of the year
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
CLS profits down in 2017 as firm invests
Settled volumes continue to grow year-on-year and underlying profits are in line with expectations, Puth says
European banks face FX volatility on bail-in ratios
Use of funding in foreign currencies creates new risk, especially in non-eurozone countries
Platform volumes dip in April, FastMatch breaks trend
As volatility dampens in April, FX volumes tick lower