Regulation
CFTC to boost resources to study HFT impact
Acting CFTC chief hopes to get better analytics to discover the effects of high-frequency trading on the market
The impact of the Global Code of Conduct on surveillance
One month on from the publication of the final principles, FX Week examines the challenges and implications together with Nasdaq
Asia strongly supportive of Global Code of Conduct – GFMA
Backing from local central banks for the principles will filter down to participants, says John Ball
Mifid II is a chance for reinvention – FX Connect’s O’Malley
“We’ve had more interaction with our customers in the past six months than in any individual point in our 20-year history,” says FX Connect’s Emea head
Platform operators step up surveillance after FX Global Code
FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through
Commission should have power to order CCPs to relocate to EU – Cœuré
The power would be one among many, says ECB executive board member
Curex introduces microsecond time-stamping
New capability goes beyond the non-HFT millisecond requirement called for by Mifid II
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays
UK clearing houses could be moved to European Union
European Commission proposal comes days before divorce negotiations are set to begin between UK and EU
China FX reserves rise for fourth consecutive month
PBoC figures show $24 billion increase, resulting in fourth monthly reading above $3 trillion
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Hardwiring best practice into spot FX trading venues
The BIS FX Global Code of Conduct is compelling participants to take a hard look at established electronic spot FX platforms
BNPP fine creates mark-up headache for Street
NYDFS fines the French bank $350 million, partly due to using hidden mark-ups
Broadway Technology aims to expand FX footprint
Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
The FX Global Code of Conduct webinar
Guy Debelle, Simon Potter, David Puth and Chris Salmon discuss the GCC on the day they launched the principles
FX Global Code gains support from Barclays
UK bank says it is committed to implementing the good practices described in the Code
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
Australian regulator accepts FX remedial plan from Macquarie
Macquarie is the fifth Australian bank to present remedial programmes to Asic for failures in its FX business
Focusing on the future of conduct
The complete FX Global Code of Conduct launches this week, driving a new era of harnessing technology to deliver compliance solutions
Bafin toughens rules on CFDs
New directive for August 10 requires implementation of negative balance protection for CFD products in Germany
QE unwind to take three to four years – Chicago Fed's Evans
The normalisation of the Fed's balance sheet would need to be conducted in manner that could be easily digested by markets, Evans said at the ACI Financial Markets Congress in Dublin
China FX reserves rise for a third straight month
PBoC figures show increase of $20.4 billion, resulting in the third consecutive monthly reading above $3 trillion
Last look settlement fund could hit $1 billion in US
Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases