News
China reportedly tweaks yuan fix
Markets reacted by selling the yuan, which fell 0.5% against the US dollar to 6.5291 from 6.4968 on Tuesday – its biggest drop in two months
Connors swaps FX Connect for Nex
Client acquisition and retention is key part of her responsibilities
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
ANZ signs up to FX Global Code
The Australian bank commits to the principles of good behaviour
China’s FX reserves reach highest level since September 2016
PBoC figures show $20 billion increase, bringing total reserves stockpile to 14-month high
Charles Randell becomes chair of FCA
He will replace Griffith-Jones at the helm of the UK regulator in April
Mark Johnson to be sentenced on February 15
Johnson’s lawyers are asking the court to allow him to return temporarily to the UK before then
Australian corporates pessimistic on Aussie
A survey by East & Partners shows Australian corporates preparing for their country's currency to weaken
Klausen joins Parabellum as head of sales
Soren Klausen will be based in London and head up sales for the boutique ECN and broker
GFXC to push for more LP disclosures
Following the publication of the final version of Principle 17, the committee will establish three new working groups
WMBA rebrands as Evia
Decision reflects changes at the industry association following the implementation of Mifid II
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
LMAX Exchange Group separates MTF and broker businesses
On the day that Mifid II goes live, the exchange separates services it offers to comply
Renminbi payments jump in November
The currency overtakes Swiss franc and Canadian dollar as sixth most used for global payments – Swift
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
CLS hires Danino-Lewis and Scott
The infrastructure provider gears up to broaden its range of services
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
GFXC publishes final word on last look
The GFXC has released the new and final version of Principle 17 and added two examples to illustrate best practice
Thomson Reuters launches MTF
The new MTF will provide FXall and Forwards Matching users with a compliant source of liquidity
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
China FX reserves rise 10 months in a row
PBoC figures show $10 billion increase, bringing total reserves stockpile to 13-month high
RJ O’Brien hires two
Barry Marnane and Neil Tesi join from Marex Financial, where they spent six years as senior brokers
Nex promotes SanGiovanni
Brianna SanGiovanni takes on commercial officer duties, reporting to Tim Cartledge
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX