News
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
KCG launches direct-to-client market-making service Acknowledge
KCG will publish Acknowledge execution protocols on its website for all asset classes, marking the first time a single-broker liquidity provider has provided this level of transparency
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Bloomberg and Traiana to streamline FX options process
The two companies will develop a straight-through post-trade processing solution for FX options
BNY Mellon expands global payment infrastructure
Clients can use account balances in one currency to instruct payments in other currencies
FXCM fined $843,000 by CFTC
The CFTC says FXCM failed to report fraudulent activities of FX pool Revelation Forex Fund
Former Citi trader names names in court
Perry Stimpson, dismissed in 2014 for serious breach of contract, told an employment tribunal that improper conduct was widespread within Citi's foreign exchange activities
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS market committee chair Guy Debelle says work on the new global code of conduct will focus on plugging the gaps in the existing codes
FX Bridge’s Best joins EBS BrokerTec as head of FX options
FX Bridge CEO is joining EBS BrokerTec in New York as head of FX options, following a software licensing
Cavenagh appointed head of EM Asia FX strategy at JP Morgan
Cavenagh will be formulating thematic research and investment recommendations for EM Asia currencies
Wood joins BCS Global Markets as director
Wood will be building strong ties with high-frequency traders, proprietary trading firms and hedge funds accounts in the UK, Europe and US
Pragma selects smartTrade's LiquidityFX platform
The deal brings FX liquidity aggregation from a wide range of providers to Pragma's customers
ADS Securities taps Lee for Asia-Pacific
Francis Lee will oversee the group's strategic development and business operations across the region
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
LMAX is the UK's sixth fastest-growing tech company
For the third year in a row, the platform features on the Sunday Times' Tech Track 100 table
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
X Markets Trading will be synonymous with quality, says CEO
The flow-handling and technology company comes up with solutions to meet the risk-warehousing and technology needs of banks
TraderMade launches price-verification tool
The independent price-checking tool is aimed at buy- and sell-side market participants
Trading volumes surge in August
FX trading platforms see rising volumes in August as the return of volatility spurs activity
Currenex launches London matching engine
Currenex's rollout will be followed by rival Hotspot's London-based matching engine kick-off
Draghi stresses 'willingness to act' as ECB cuts inflation forecasts
The governing council holds policy as European Central Bank staff cut their inflation targets over the forecast horizon; Mario Draghi stresses quantitative easing could run beyond September 2016 if necessary
Peaking reserves herald bad news for EUR/USD
Declining global reserves will push EUR/USD lower, but the dollar should benefit from the switch in reserve manager behaviour
More surveillance needed to cut conduct risk, says Greenwich
Shifts in the way regulators view dealer-client relationships are increasing the risk of conduct penalties