Currency
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
City Index: US and China truce, global outlook weighs on Fed
Greenback may be bolstered in short term, but range trading expected over medium term
CBDC could work as contingency payment solution – Norges Bank
Research continues, although central bank finds CBDCs unnecessary to ensure public access to secure means of payment
Lawmakers try to halt Facebook’s Libra over privacy and security fears
Swiss-based financial system potentially storing trillions of dollars could be target for hackers
BIS says theory behind EME policy must catch up with ‘reality’
Situation similar to adoption of inflation targeting in early 1990s, says BIS annual report
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
Crédit Agricole’s head of FX options departs
Andrew Soper leaves French bank to pursue other opportunities
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
Riksbank opens procurement for development of e-krona
Central bank intends to commission platform for electronic central bank payments in 2020
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Rabobank: dollar and yen to strengthen due to safe-haven flows
Relatively attractive interest rate differential between dollar and other G10 currencies boosts appeal
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Trump administration proposes new rules to punish currency manipulators
Move would let US pursue more aggressive trade policy measures
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
SEB: tariffs won’t dampen China’s growing influence on global economy
But in the short run, threats will knock renminbi and other emerging market currencies
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
Record boosts presence in North America
Specialist currency manager bolsters on-the-ground presence as it eyes market opportunities in region
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Ashton lands at Corellian Global Investments
After successfully fighting price-rigging charges in US, Christopher Ashton educates market participants on conduct issues
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take