News
FCA introduces new whistleblowing rules as clean-up continues
Regulators, looking for additional ways to clean up the scandal-prone financial industry, are forcing banks to make it easier for employees to report wrongdoing in all parts of the business
Legal exits Credit Agricole
FX spot trader joins Deutsche Bank
FX options head Tziavragos leaves JP Morgan
Head of North American FX options departs the bank
Epstein leaves Barclays to join Deutsche
Senior FX options trader leaves after seven years at the UK bank
Blockchain platform processes one billion daily transactions
UK start-up Setl hits a milestone as the financial industry seeks to gain from distributed ledger technology
Saxo appoints three to board
Saxo, which continues to diversify its business and revenues, said regulatory compliance is a core focus for the bank
Renminbi internationalisation slightly delayed by stock market rout
Panellists at the 6th Pan Asia Regulatory Summit say Chinese regulators held back after stock market turmoil
China and Singapore expand cross-border renminbi channels
Initiative allows Chinese companies to raise RMB debt in the offshore hub, while making it easier for Singapore banks to deploy RMB liquidity; Singapore also eases exchange rate path
CFH Clearing launches new liquidity service
The new liquidity service gives CFH clients access to tier 1 banks, multilateral trading facilities, electronic communications networks and multi-dealer platforms
Bank of Japan launches updated payments platform
New BoJ-NET system live today, days after launch of China's Cips platform, and renminbi surpasses yen as global payments currency
Groenenberg appointed new global head of EM strategy at BNP Paribas
Former Citi head of EM strategy joins the French bank after a year at BlueBay, to co-ordinate strategy and trade ideas
FastMatch completes first disclosed trade on its platform
Market makers using the venue for disclosed trading can customise FX solutions for customer's needs
Trading volumes off post-RMB devaluation highs
While volumes were down on most platforms, currency pairs such as the USD/RUB and USD/CNY saw an uptick in trading
Renminbi becomes fourth most-used payment currency
The Chinese currency overtakes the yen with a share of 2.79% in global payments by value
CLS CEO to brief market participants on code of conduct progress
David Puth will speak at an ACI America event in late October in New York
FXSpotStream targets Asia-Pacific region with Bank of Tokyo-Mitsubishi addition
There are now 12 contributing banks in the aggregator's diverse pool of liquidity providers
Confusion reigns over Mifid transparency in forex
Esma deems forex products illiquid, but dealers must still provide quotes to clients upon request
IG Group to pay £1 million over Swiss franc losses
UK spread-betting firm will compensate clients after Ombudsman ruling
Deutsche Bank launches FX positioning indexes
The indexes, published every Wednesday, will provide information on the particular positions investors take on certain currencies
FXCM investigates scope of hacking incident, maintains silence on details
Tightlipped about much of the details of the recent system breach, FXCM said it is investigating the scope of the cybersecurity incident with a leading cyersecurity firm
China launches long-awaited cross-border payments platform
PBoC announces launch of China International Payment System, marking big step towards renminbi internationalisation
IMF foresees ‘lasting upswing' in US dollar
Updated flagship report warns EM corporates ‘natural hedge' against stronger dollar could become redundant if energy prices continue to slump
Molten Markets acquisition completes EBS's institutional offering
EBS BrokerTec now offers all types of OTC FX products to all institutional clients
Indian rupee strengthens on rate cut
India remains a ray of sunshine amid cloudy emerging markets, as Reserve Bank of India cuts rates for the fourth time this year