Currency
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
FireApps: digitalisation of financial markets will accelerate
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester
Northern Trust: tailoring algos to suit client needs
Interest in algorithms is growing across the FX industry
US will not argue fiduciary duty in Bogucki case
Judge orders the issue is irrelevant and the US cannot attempt to prove its case on that theory
Fed’s room to hike spells trouble for EMs – Scotiabank
Central banks’ interest rate tightening will make it hard for emerging markets with large deficits
Northern Trust acquires BEx to strengthen FX capabilities
Acquisition follows successful two-year relationship that led to distinctive currency solutions for the bank
Asset managers hope for common FX tape
Monitoring and ensuring liquidity providers adhere to their own disclosure is difficult, but must be done
Investors eye Mexico and Brazil amid hopes in regime change
They believe a projected weakening in the dollar will support emerging markets
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
OTCXN launches crypto-trading venue for institutional clients
Clients have already begun executing trades in ether and bitcoin versus dollars
Bogucki asks court to bar argument on fiduciary duty at trial
Judge will hear the matter later this month, ahead of February trial
Record brings ESG into currency management
Specialist currency manager develops database and methods for improving ESG credentials of its product
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
Dollar-supportive factors may fade soon, says Wells Fargo
Longer-term dollar weakness likely as Fed approaches neutral policy, but how soon will that be?
US banks’ Ficc earnings drop in Q3
Only Citi managed growth versus second quarter and Q3 2017
FX Cartel traders found not guilty
“We all came to the conclusion that we didn’t think the prosecution had enough evidence,” a juror tells FX Week
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
FX Cartel defence seeks mistrial after Gardiner’s testimony
Counsels claim “highly prejudicial” line of questioning from US has created “irreparable prejudice”
Gardiner faces cross-examination
Defence uses data and audio calls to show the accused men traded independently – piercing holes in Gardiner’s testimony
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit
Calpers did not notice price discrepancies in FX Cartel case
“If I had, I would’ve said something earlier,” managing investment director tells court
Cartel trial kicks off with ‘billions of dollars’ claim
US prosecutors say the three former traders crossed the line and got an unfair advantage