News
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
Brandon-Bravo quits GTX
FX veteran with more than three decades of experience leaves the ECN after six years
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg
Houston understood to be seeking exchange role
Deutsche Bank's former FXPB head is believed to be eyeing a senior role at a major exchange
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
Corporates more concerned about currency moves
Firms are increasing their hedging and trying out different products
DoJ requests information on TP-Icap broking deal
Tullett Prebon is set to acquire Icap's global hybrid voice-broking business
Former Citi trader points finger at bank execs at tribunal
Carly McWilliams tells London court the alleged offences were "encouraged, condoned, required and indeed rewarded" by management
Premier League pays 10% more for players due to FX
The euro's rise against the pound forces UK football clubs to overpay
Moon joins Eurobase as group financial chief
Jonathan Moon leaves PayPoint, where he worked for more than 19 years
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
Currency managers end 2015 on downbeat note
Parker FX Index shows negative returns of 0.51% for December
CFTC grants registration to 18 Sefs
With the process nearly complete, the CFTC can focus on fine-tuning the Sef rules
Yen drops as BoJ slashes rates below zero
Currency weakens after Bank of Japan announces intensified battle against ‘deflationary mind-set'; the yen will continue to lose ground to the US dollar, analysts say