Trading
GFXC to push for more LP disclosures
Following the publication of the final version of Principle 17, the committee will establish three new working groups
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
State Street: voice trading to stay for Apac clients
Official institutions such as sovereign funds still tend to opt for voice execution due to security and confidentiality concerns
Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
XTX: transparency, clearing and relationships will dominate
In 2017, clients rediscovered the value of relationships, but priorities are likely to change in 2018
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
2017: the year of analytics, atonement and pants
Despite the raised level of personal responsibility and accountability, FX industry participants continued to make dreams come true
Sterling to roar back in 2018 – NatWest Markets
As Brexit uncertainty fades, the undervalued currency will gain ground against its peers
HSBC finds ‘non-existent’ ECU data
The bank must hand over trade data for three 2006 stop-loss orders to ECU Group by January 19 – four weeks earlier than planned
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
Citi raises $6.25 million through 'E for Education' campaign
The bank’s FX and local markets business raises more than $22.5m since the campaign's launch in 2013
Convergence could ignite volatility, says TD Securities
As convergence of macroeconomic conditions gathers pace in 2018, rotation of capital will favour non-dollar assets
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Barbados bar owner rolls out FX broker comparison site
Website targets SMEs seeking to obtain the best price for their international payment transfers
Wells Fargo says FX departures not related to front-running
Spokeswoman says executives' exits are unrelated to misconduct such as market collusion, market manipulation or front-running
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
Swissquote: dollar has room for correction, but not a comeback
The bank's head of market strategy says markets under-appreciate the Fed's commitment to policy normalisation
SGX launches US presence in Chicago
Asian exchange opens US operation to build on extension of offshore trading hours on SGX in late 2016
Expect dollar rally to fade, BBVA says
The Spanish bank sees EUR/USD trading at $1.18 by year-end and to hit $1.21 by the fourth quarter of 2018
September brings bumper month for platforms
Some create new records, while others see growth of more than 20% compared with August and 50%-plus year-on-year