News
UK benchmark-rigging laws to extend to FX
Government launches consultation on wider criminalisation of benchmark rigging
Global renminbi payments triple in value
One-third of the world's financial institutions use the renminbi for payments to China and Hong Kong, making it the seventh-ranked global payments currency
Hotspot taps into FX dark pool demand
Hotspot has thrown its hat into the ring to compete for FX spot dark pool business amongst the likes of BGC Partners and FXall
Deutsche Bank’s Vos relocates to New York
The German bank reshuffles its Fic team in New York
FSB to publish FX benchmark reforms within days
The first look at how regulators want the 4pm fix to be managed is set to be revealed by the end of the month by the FSB
O’Malia urges CFTC to rethink Sef registration rules
CFTC’s approach has caused ‘mistrust’, says ex-commissioner
Parikh hands in resignation at Goldman Sachs
The migration of senior FX traders from banks to the buy side continues, with Parikh exploring options at a hedge fund
New FXCM pricing model to publish ‘raw’ FX spreads
Spreads and commission costs to be separated for clients as FCA reviews brokerage pricing
FCA to defy Europe on forex forwards reporting
UK regulator will not require forex forwards to be reported – contravening European policy – until Mifid II forces it to change
DealHub launches RefleX
Technology firm's new product features an innovative price and execution engine
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now
Scottish vote triggers short EUR/GBP bets
Strategists expect the pound to gain against the euro, as policy divergence between the UK and the eurozone favours sterling
JB Drax hires ex-JP Morgan director
Cebrian joins the broker following brief break from the market
Industry grapples with uncleared margin rules
Market participants are unhappy with consultation documents released in the EU and the US on the margin requirements for FX swaps and forwards, and the definition of a financial end-user
US court orders Sef-registration rethink
CFTC forced to perform cost-benefit analysis of various Dodd-Frank provisions
C-View launches systematic FX program
Twenty-eight year trading veteran teams up with C-View to launch FX fund
CME’s Sammann relieved of FX duties
CME makes a number of changes to its executive team in Chicago
Unchanged Fed boosts EM party
Currency analysts question whether the recent strengthening of the US dollar will yield a similar reaction as that seen in 2013
FxPro acquires spot aggregator platform
Quotix buy will boost focus on institutional clients
BAML loses managing directors in New York and Asia
US bank loses two senior FX figures
CLS hits settlement record
Settlement infrastructure completes record number of instructions in 45 minutes after extensive IT upgrade
Return of volatility to bust Aussie's strong run
Expansionary monetary policies in the developed countries have supported Aussie strength, distorting the influence of fundamentals
PBoC designates renminbi-clearing banks for France and Luxembourg
Bank of China and the Industrial and Commercial Bank of China to serve the offshore RMB markets of the two countries