Infrastructure
Credit Agricole conducts FX forwards with Orchestrade
The bank is migrating all front-to-middle processing of vanilla and structured products to the platform
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
Prime-of-prime solutions: Sustainable solutions and evaluating means of access to credit in foreign exchange markets
Prime-of-prime providers offer a sustainable, long-term solution to segments of the market that have been de-prioritised and shut off from access by traditional credit intermediating banks
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions
Bloomberg Tradebook to shut down FX
CCP model platform set to close foreign exchange operations on March 1
Use of renminbi for payments drops in 2016
Swift blames the slowing economy, a more volatile currency and capital restrictions
CLS launches two new membership categories
Non-shareholder members will pay a fee to gain equal rights and access to the system as CLS shareholders
CLS signs MoU with Chinese think-tank
The FX utility will work with the National Institution for Financial Development to support the renminbi's internationalisation
Mizuho opts for Thomson Reuters' FX Trading platform
The Japanese bank is the latest financial institution in Asia to adopt the venue
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
Integral wins appeal against EBS's Tolat
The case is now remanded to the district court, where Tolat will face a second trial
Nex Data signs distribution partnership with Tradition
Nex Data will source real-time and end-of-day prices from Tradition's global electronic, hybrid and voice-broking operations
FastMatch tweaks fees to discourage use of last look
Platform continues push to eliminate last look trading and plans to introduce a dark pool where clients can exchange inventory
Renminbi options to debut on Hong Kong Exchange
HKEx expands range of currency products following doubling of futures contracts traded in 2016
CME to launch six monthly contracts for FX futures
The Chicago-based marketplace will offer contracts for AUD, GBP, CAD, EUR, JPY and EUR/GBP from February 27
Broadway sees demand for software pick up
Regulation and the need for a business edge have sell-side firms looking increasingly to software to meet their needs
Blockchain take-up will accelerate as costs mount
2017 could be a year of a major crisis if market structure issues conspire with volatile markets
Exchanges to rethink FX, plus exits in PB and NBLP to come
FXSpotStream chief executive expects a resurgence from banks next year
PB concentration risk a concern as volatility picks up
Global head of Currenex says the lack of a dynamic FXPB space is a worry as non-bank liquidity providers need access
Clearing and decoupling of execution/credit will dominate
KCG sees growth in clearing, the Global Code of Conduct, and separation of credit and execution as big themes
FMSB releases principles for FX surveillance, conduct training
The Ficc Market Standards Board outlines 10 core considerations for surveillance
XTX joins Bats Europe as a member firm
The move is a continuation of the liquidity provider's push into equities and expansion on exchange
Saxo Bank signs partnership with Phoenix Finance
The integration process, starting in Q1 2017, will be based on the bank's OpenAPI, launched in 2015
PBs could return to FX as market evolves towards hybrid model
Panellists discussing credit in FX expect more clearing, but not the disappearance of over-the-counter models