Europe
XTX Markets goes for Paris as European hub
Liquidity provider applies to French regulator for authorisation
Deutsche Börse launches reg reporting service
Market participants will be able to detect errors in regulatory reports before submitting them
Chance of hard Brexit on the rise, says Rabobank
Political uncertainty in post-Brexit period could limit pound gains
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of renminbi hamper progress of single currency
Flow Traders to open London office
Amsterdam-based liquidity provider says new premises are part of Emea expansion strategy
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally
Libor to become third-country benchmark under no-deal Brexit
UK-based reference rate would need to gain EU approval by end-2019 to avoid “unthinkable” disruption
Global slowdown fears build on sell-off, says SEB
The sell-off in the second week of October illustrates the fragility of global risk appetite
SaxoSelect sees healthy growth in Q3
Saxo Bank’s digital investment service allows clients to put money into a range of pre-selected investments
Olesen to head Emea at Integral
Lars Olesen set to join Palo Alto-based firm in November
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Dewhurst to head FX and EM sales at SocGen
Alexandre Dewhurst joined the firm in 2009
EU talks on prop firms leave door open for harsher pay rules
Final law could subject many firms to bonus cap, but even those that escape could struggle
Sargeant joins Cürex London
Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe
Thomson Reuters launches SI reporting service
The solution provides market participants with data, analytics and reporting tools if they qualify as systematic internalisers
Daniels to join Nomura in e-FX sales
Ian Daniels is a former head of e-FX sales at NatWest Markets
Caxton FX to provide open banking payments
Customers will be able to make international payments directly from its platform
European corporate FX losses triple
Currency losses at their highest since the first quarter of 2017, reports FiREapps
State Street appoints co-heads of Emea global services
Ambrosius and Fontaine have worked at the US bank for more than a decade
Nomura hires Parkash as global head of e-FX distribution
Ashvin Parkash set to join the Japanese dealer in Singapore as global head of e-FX distribution
Algo supervision is paramount, says Rahmouni-Rousseau
Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility
Euronext dismisses Galinov lawsuit as ‘baseless’
The exchange operator says legal complaint is an attempt at retaliation from Galinov
Sterling to recover by year’s end – ABN Amro
Despite Brexit-related pressures, sterling’s prospects remain positive, says the bank