Europe
Doing more with less in a post-Mifid II environment
In their quest to reduce costs, market participants look to automate more processes in 2019, says smartTrade CEO
Cboe to operate Amsterdam venue post-Brexit
Current Cboe Europe chief legal officer Adam Eades will be president of new entity
Kuppe becomes adviser to 360T’s executive board
Mathew Kuppe has worked in various capacities at the trading platform since co-founding it in 2000
Esma withdraws Bloomberg’s trade repository registration
Bloomberg clients have already been transferred to a repository of their choice
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Banks call for third-country benchmark fix as EC delays BMR
Two-year delay may open the door for rethink on local legal representation requirements and recognition options
Weidmann given second term leading Bundesbank
Deutsche Bundesbank’s distributable profit rises to €2.4 billion
Esma renews ban on binaries once again
European regulator still sees risks for investors, can keep renewing as it likes
How publishers are still falling short on Mifid II post-trade data
Four publishers yet to align post-trade data format with Q&A issued eight months ago
Citi and HSBC go live on Capitolis Novation as first prime brokers
The two banks have used the service extensively across their client base
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
SocGen shakes up group management amid cost cuts
Grégoire replaces Drouet as global markets head, while Mazaud takes charge of €500m cost-cutting plan
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Isda enlists tech partner in run-up to new IM rules
Body joins forces with AcadiaSoft as industry prepares for initial margin deadlines
Prop traders sound alarm over EU capital regime
Non-banks fear topsy-turvy capital requirements under new rules based on clearing margin
Eight banks accused of bond-market rigging in Europe
European Commission will investigate whether the banks colluded
Hope fades for threshold hike in new IM rules
Smaller buy-side firms could still escape compliance burden via expected regulatory guidance
Dollar looks set to hold its own in 2019 – Informa Global
It’s a struggle to find sustainable alternatives to the greenback among G10 peers, FX fundamentals manager says
Risks to eurozone growth are rising, warns Draghi
Uncertainty over trade and political instability are affecting confidence, ECB president says
FCA sets regulatory roadmap for crypto
Introduction of regulatory framework could revitalise interest in waning ICO funding
SmartTrade hires Sancenot in sales, promotes Sarasini
Sancenot takes over Sarasini's role as global head of sales
Brexit unlikely to affect sterling’s reserve currency status
No-deal scenario could put major downward pressure on the currency
Citi names Livingstone as Emea chief executive, Lathrop heads CBNA
Both men assume the roles of retiring chief executives