News
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
FX rates still have a strong impact on trade flows, says IMF
The IMF report concludes that exchange rates and trade flows are still connected
Former RBS trader claims dismissal was premeditated
Ian Drysdale, fired in 2014 for gross misconduct, told an employment tribunal that the bank had "dishonestly contrived" his dismissal
Senior staff shake-up at Lloyds Bank
Anders Henrikson to be replaced by Rob Hale. Marc Guilbert will take on Vikas Debral's role
FSB report finds mixed progress on benchmark reforms
Report welcomes ‘good progress’ on many recommendations, particularly surrounding London fix, but identifies room for improvements
Market volatility drives FX revenue
Macro-volatility is the driving force behind the increase, as it prompts clients to hedge
Orca SMT unveils FX product to help salespeople
Orca SMT has launched a new FX trade execution interface that aims to provide a tool for salespeople to better price their clients at the point of trade
Giannuzzi joins JP Morgan
He leaves the FX sales desk at Nomura after five years
Blockchain partnership attracts another 13 banks
Initiative led by financial innovation company R3 seeks to bring distributed ledger technology to financial markets
R5FX goes live with pesos and real
EM platform opens its first three currencies to live trading
Chinese corporate hedging costs soar after PBoC forex clampdown
Chinese corporates looking to hedge following last month's renminbi devaluation face 400bp price hikes because of a new PBoC rule forcing dealers to hold deposits against onshore renminbi-based forex derivatives
Northern Trust targets investment managers with CompleteFX platform
Geared at investment managers, CompleteFX allows for the outsourcing of FX processing and execution
Galy heads to Deutsche Bank
He leaves Societe Generale to become FX strategy director at the German bank in New York
RBC loses three in FX sales
Severi, Mazzoni and Romero are understood to have left the bank
CME changes rules on renminbi futures contracts
The higher trading ranges reflect changes in volatility for the onshore and offshore renminbi
Currency funds maintain positive returns in August
The US dollar was down for the month as safe-haven demand shifted to the euro and the yen
FX professionals choose LinkedIn
The social media tool of choice is not being used for communication purposes but more for information gathering