Europe
Austria imposes permanent restrictions on CFDs, bans binary options
In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Data reveals Emir swaps report matching rates at 40%
Figure is better than some feared, but still calls into question the value of dual-sided reporting
RBC grapples with early UK election risk
Bank puts probability of no deal at 5%, but should it occur sterling could drop 10%, according to head of FX strategy in London
LCH plans major FX clearing expansion
CCP to tackle cash-settled options, deliverable swaps and standalone service for deliverable forwards
Eurex faces more delays to cross-currency swap clearing
Clearing house eyes June release; dealers voice concerns over liquidity and margining
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
Brexit delay to keep sterling in well-trodden ranges: Gain Capital
Green shoots of spring growth in global economy bring dollar, euro plays to the fore
Noisy data hinders financial firms' use of machine learning: survey
Financial firms have adopted machine learning and AI, but poor quality of data means the technology isn't used to the fullest
Nomura slashes FX headcount in $1 billion cost-cutting drive
Impact of job losses falls mainly on the emerging markets FX team
Euro to languish as Germany's economy struggles – CMC Markets
Pan-European currency to maintain its slide even as Fed hits pause
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says
Mizuho taps smartTrade to provide new e-FX platform
The Japanese bank is replacing its legacy FX platform
How Brexit gives FCA a tech mountain to climb
FCA international head says regulator faces huge reporting and data-sharing challenges
FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
EU lawmakers fail to deliver on single-sided reporting
But there is still hope for EU swaps users in future Emir reviews
GMI enlists former FTT chief Jakobsen
Experienced FX exec Finn Jakobsen has put in stints at Saxo Bank
CFH Clearing promotes Groves to head of European sales
Paul Groves tapped to lead growing sales team in European push
Gibson to head institutional FX sales at Alfa Capital
Andrew Gibson brings extensive FX market experience to Cyprus-based firm
How Brexit is set to muddy Mifid transparency data
Market participants say duplicate reports in UK and EU will result in misleading public data
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo