News
Dealers divided over paring FX spot venue connections
Some liquidity providers aim to follow Citi’s lead and cut platforms, but others are wary
e-FX Awards 2020: The winners
Citi takes three categories in 18th annual awards; XTX picked as best LP for spot, while Goldman wins algo crown
AFM seeks ‘level playing field’ for venues and aggregators
Dutch regulator suggests some liquidity services should be classified as OTFs
LCH to accept Sing dollar bonds as collateral
Singapore’s banks hope move will ease margin funding burdens, and speed direct membership
Baton to launch payments system for emerging currencies
Fintech company joins efforts to tackle rising settlement risk
Integral goes live with new UX for FX platform
Seventh generation of single-dealer platform built on HTML5 to allow for more customisation
Nomura targets US in FX rebuilding effort
Return of volatility sees Japanese bank rehire in New York and focus global business on Asian pairs and FX options
Barclays targets internalisation with new NDF algos
UK bank’s five algos aim to match-off more flow than G10 pairs
Goldman signs up as NDF client clearer at LCH
US bank expecting jump in cleared trades when initial margin rules hit buy side
Facebook’s libra could disrupt collateral markets – IMF paper
Collateral used to back ‘stablecoins’ such as libra will be unavailable for reuse
Boston Fed and MIT collaborate on digital currency research
Research results on software architecture will be released as open source
Indonesia eyes netting changes to enable derivatives CCP
Central bank says legal amendments will pave way for locally cleared NDFs and interest rate swaps
Ion forced to split Broadway, keeping FX
Remedy satisfies UK competition watchdog – but “a big defeat” for acquisitive tech giant
Taiwan regulator open to more onshore insurer FX hedging
Central bank suggests lifers can use onshore swaps to hedge dividends, but some warn it could hit NDF market
Buy side hopes for best execution reporting carve-out
After EC exempts venues from best execution reporting, Aima argues funds' RTS 28 reports should follow
CLS proposes second-tier FX settlement system
Stripped-back system for EM currencies mooted to tackle rising settlement risk
LCH to launch non-deliverable options clearing
Clearing service will go live in Q4 for nine currency pairs
FX research bounces back amid volatility
Dealers report sharp rise in client demand for research
Lawyers divided on Johnson’s Supreme Court prospects
Ambiguity in wire fraud statutes may see court accept ex-HSBC trader’s appeal – but it’s a long shot, say attorneys
Citi to focus on just five FX spot platforms
More venues face axe as US bank says it wants to route 90% of e-volume through small group of vendors
UK watchdog has competition concerns over Ion-Broadway deal
Trading tech giant has five days to address issues, or face months-long investigation
SA-CCR adoption may spur wider FX swaps clearing
With up to 90% lower exposures on offer, dealers say capital benefits could outweigh margin costs
Buy-side firms reject EMS brokerage charges
Some users favour licence fee over per-trade charging – and have forced vendors to switch