News
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
Goldman's Patel joins XTX Markets
Jigar Patel will head the market-maker's e-commodities business
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
ECB's Schiavi becomes budget and finance director-general
He will head the new directorate general following the reorganisation at the bank
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
Shah leaves exotic options role at Goldman Sachs
Nikki Shah is believed to have left the industry
Banks are not catering to our FX needs, say SMEs
Such barriers may hinder firms from achieving their global expansion aspirations
Ricci joins fintech firm freemarketFX
Former head of Barclays investment banking takes new position as chairman
Ledgers bring transparency to bank payments
Distributed ledgers allow banks to track international payments like a package
Test algos or go to jail
Under Mifid II, participants need to certify their algorithms will not cause market disorder or face the consequences
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
AIIB appoints Danny Alexander as vice-president
The former chief secretary to the UK Treasury will head the communications department
January volumes up on December, down on year
Average daily volumes rose across major FX platforms, but were far off the numbers posted a year ago
China's FX reserves plunge to more than three-year low
Latest PBoC figures show a drop of $99.5 billion in January to $3.23 trillion
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FCA expands accountability to HFT traders
New rules published by the UK watchdog aim to strengthen individual accountability in the financial industry