United States (US)
CIBC is bearish on greenback for remainder of 2018
The firm says the dollar is overvalued, and facing a convergence of growth and monetary policy
NY attorney general launches inquiry into cryptocurrency exchanges
Thirteen major virtual-currency trading platforms must complete a questionnaire on their fees and operations by May 1
McDermott to join SocGen as Americas FXPB head
Brian McDermott is set to join Societe Generale on April 23, after resigning from Traiana
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
Pragma commits to FX Global Code
The vendor says it wholeheartedly supports the aims of the 55 principles
Mark Yallop joins OpenFin
He is appointed as a non-executive board director
Trump accuses China and Russia of currency devaluation
US president’s comment contradicts findings of his Treasury department’s recent report
Cboe Sef adds more currency pairs
The platform offers NDF trading in USD/RUB and USD/PEN
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Exegy launches FX market data and order-entry solution
Trade Port FX allows market participants to organise FX market access through a single vendor
Brexit pain could weigh on pound, says Swissquote Bank
Hard US-China trade talks could influence Brussels to toughen its position on UK's exit from EU
Johnson's attorneys seek home confinement
US digs in heels over prison term; family and friends say former trader’s punishment began at his arrest
Calypso taps Bouillard as chief executive
Didier Bouillard joins from Ullink
JP Morgan invests in AccessFintech
The risk management services firm, led by Roy Saadon, will work with the bank to test its technology
Ross Thalheimer exits 360T
He worked at the company for about five years
FX volumes dip in March
But trading activity on most platforms remains strong year on year
Fortex Technologies hires Hendrix
Victor Hendrix will create and lead its newest division, XCloud, a global server grid providing trading infrastructure as a service
StanChart considers adding two members to FX team
It is understood the bank is looking at Haskins from HSBC and Tretola from Nomura
Gain Capital expands cryptocurrency offering
Customers can trade the digital coin against the euro, pound and Australian dollar
Elysium partners Cryptalgo for cryptocurrency trading solutions
The firms introduce the solution to financial institutions as interest in digital currencies rises
Deutsche Bank commits to FX Global Code
The latest top FX dealer to support the principles aimed at improving standards in currency markets
TD Securities: dollar rebound expected in near term
But political tensions could hinder the greenback’s rally