South Africa
Market turmoil causes traders to pull back to vanilla strategies
Emerging markets spreads tighten but liquidity still patchy
Best Banks Awards: Standard Bank
Standard Bank has been voted the winner of the Best Bank for South African Rand and Best Bank for African Currencies excluding ZAR at the 2018 FX Week Best Banks Awards
Avelacom connects to South Africa
Low-latency link from London to Johannesburg in under 160 milliseconds
Trade wars to stay for decades, say panellists
The conflict is a struggle for dominance between the US and China, say economists at the 14th annual FX Week Asia event
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Crown Agents Bank appoints Pitts
David Pitts takes up senior adviser role
Salmon exits GFXC and BoE for private-sector opportunity
Federal Reserve Bank of New York’s Simon Potter will act as interim chair with immediate effect
RJ O'Brien hires Patimova in London
Elena Patimova joins RJO from London Metal Exchange
EM strength to continue for now, says Swissquote
The region will continue to improve over the next six months, says Peter Rosenstreich at Swissquote
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
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
Matherne joins BNY Mellon as global head of FX forwards
Paul Matherne is the latest staffer to make the switch from Deutsche Bank to BNY Mellon
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
Best Bank for South African Rand: Standard Chartered
Standard Chartered wins the award for the rand as it builds its African ambitions
Market abuse law could be extended to cover FX in South Africa
Its review of FX practices finds no evidence of manipulation though
Tradition launches African FX futures
Zambian, Kenyan and Nigerian currency futures to be offered on JSE
African FX market needs ‘kick up the backside’, say local banks
Volume growth hampered by regulation, but banks cautious towards new product releases
Brics nations launch development bank
Brazil, Russia, India, China and South Africa launch new institution to solve transaction settlement issues