Derivatives
Eagle and Holmes launch agency broker Aquila Markets
Firm will focus on providing high-quality coverage and execution services for FX
Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir
Murray quits Deutsche for BNY Mellon
Piers Murray joins in a senior listed clearing role
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Rosenthal leaves Morgan Stanley
Former FX options trader is understood to be heading to Nomura
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
Shah leaves exotic options role at Goldman Sachs
Nikki Shah is believed to have left the industry
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
Corporates more concerned about currency moves
Firms are increasing their hedging and trying out different products
DoJ requests information on TP-Icap broking deal
Tullett Prebon is set to acquire Icap's global hybrid voice-broking business
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
Currency managers end 2015 on downbeat note
Parker FX Index shows negative returns of 0.51% for December
Corporates face 'disaster' on renminbi Tarfs, say traders
Some companies "may run out of cash"; Taiwan regulator said to be looking at new restrictions
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
Dodgy discounts: DVA claims fly in cross-currency market
Funding benefits have helped bring down the cost of cross-currency swaps in the past couple of years, but as competition becomes increasingly cut-throat, traders claim their rivals are offering a dodgier discount – the own-credit effects of debit…
Currency spoofing probe could spell trouble for FX options
Enforcement action may hamper regulatory efforts and result in dark pool practices, an industry lawyer says
Further consolidation among venues and providers ahead
2016 will see more focus on the cost of trading, which will drive platform consolidation, says FXSpotStream's Alan Schwarz
The theme for 2016 is China, China and China
China and India are the real opportunities until 2020, says R5FX
FX will shine amid hunt for absolute returns
In the hunt for yield, investors are waking up to the idea there is more to currencies than hedging