News
South Korea eyes panda bonds in China
Local media reports that Korean government has submitted formal request to Beijing following financial co-operation deal struck last week that also paved way for direct RMB/KRW trading
WSBA creates working groups to promote blockchain
The trade body aims to pioneer the technology's application in financial markets
FSB finds fault with derivatives trade reporting
Despite large volumes of trades being reported, some authorities have restricted access to data, which is often low quality; some jurisdictions are experimenting with new analysis
JP Morgan and UBS compress FX books via start-up
NYC-based LMRKTS first broke cover two years ago; the third bank participant is unknown
Banks ready for more FX lawsuits amid mixed Q3 results
Barclays and RBS cite further potential FX litigation or investigations in the UK, US and Canada
XTX Markets to provide liquidity on 360T
As of November 3, the market-maker will provide streaming liquidity to the multi-dealer platform
CLS sets go-live date for Hungarian forint
CLS and Hungary's central bank launched the forint project in February 2014
Citi eyes prime brokerage opportunities
By managing its balance sheet, the bank says it can put more capital and assets to work to deepen PB relationships
Puth: FX must repair its reputation
The BIS global code of conduct needs to be strong enough to close the gaps, but members need to find a consensus
Scope of FX suit against banks widens
Co-operation from banks that chose to settle is helping investors
FX currency funds dip on low risk taking
Only eight out of 31 currency managers report positive results for September
Colt launches PrizmNet in the US
The network provider has now set its sights on cities in Canada, with the aim of accelerating market connectivity
Three more join R3 blockchain initiative
The latest additions bring the total number of banks participating in the project, led by financial innovation company R3, to 25
Yuan falls to one-month low after PBoC rate cuts
The currency's weakening signals investor wariness over developments in China; analyst says ‘record' outflows are feeding through to the offshore forwards market
CFTC's Giancarlo blames dwindling liquidity on bank regulators
Insolvency risk has been transformed into liquidity risk, says the commissioner
Sucden adds three to senior management
The derivatives broker positions itself for further growth and an expected increase in regulatory obligations
StanChart's Knight exits
Chris Knight has worked at the bank for more than a decade, serving as chief dealer in FX in Hong Kong before taking the helm in the east for FX, rates and credit
CLS and TriOptima launch FX forwards compression service
TriReduce FX for forwards and swaps reduces notional outstanding volumes and minimises counterparty credit risk
Gael de Boissard retires from Credit Suisse
Boissard has served as the Swiss bank's co-head since 2012
Connery's James Bond gained more sterling for his buck
He enjoyed more Martinis per pound than any of his successors
Buy side demands new relationship with sales
Firms want more market colour and a change in the role of salespeople
Balance liquidity providers' needs with transparency, says report
LMAX Exchange says over-the-counter will remain the primary trading model in FX, but it needs to adapt to fend off competition from exchanges
Former Barclays trader gains access to FCA evidence
The tribunal's decision could change how the FCA carries out investigations and publishes its findings
Financial Ombudsman rules against CMC Markets
The initial opinion by the FOS follows a complaint over a client's losses – CMC Markets has 14 days to respond