Regulation
Solid FX commits to Global Code
Statement of commitment will show up on the public registers of CLS and Nex
Thomson Reuters to relocate FX MTF to Dublin
Irish MTF will allow the firm to continue offering foreign exchange services in the EU
First-ever SMR fine lands with Barclays chief
Regulators say James Staley failed to act in a diligent manner in whistleblowing case
BIS commits to FX Global Code
The institution says it is committed to conducting its FX market activities in a manner that adheres with the 55 principles
Neill Penney to serve on GFXC
He becomes the FXJSC's private-sector representative on the Global Foreign Exchange Committee
Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
RBC fights £13 million whistleblower claim
Ex-trader John Banerjee is suing RBC for unfair dismissal and aims to claim whistleblower status
Asian flows bloom post-Mifid II, TR's Penney says
Trade flow patterns are also changing, leading TR to launch a direct THB/JPY cross sometime this year
Colt partners NPL on timestamping
Mifid II requires that reportable events are traceable to coordinated universal time
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
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
Pragma commits to FX Global Code
The vendor says it wholeheartedly supports the aims of the 55 principles
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Millennium Global partners ACI on Global Code adherence
Currency manager links up with trade association ACI FMA to train its team on the principles
Fresh Libor claims may follow PAG appeal, but the clock is ticking
Potential consequences of PAG decision are far-reaching in scope and scale, says Simon Bushell at Signature Litigation
China's FX reserves rise in March
The $8.3bn increase is a slight turnaround from February’s decline
Deutsche Bank commits to FX Global Code
The latest top FX dealer to support the principles aimed at improving standards in currency markets
John Williams named president of New York Fed
Candidate proved contentious on diversity grounds, but brings deep macroeconomic experience
Brokers see mixed impact from Esma crackdown
Several brokers believe Esma’s decision will be good for retail investors, while others expect a flight to more lenient jurisdictions
BoE: reasonable to expect passporting rights until 2020
Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period
Barclays commits to FX Global Code
The UK bank joins the handful of top-tier FX banks to have adhered to the principles
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
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
Shell is first corporate on FX Global Code public register
Shell signs up to the code of conduct, stating its practices align with the 55 principles