Foreign exchange
New model army
With a global code of conduct for FX due in May 2017, industry participants are pushing hard to come together to avoid hard and fast regulation. By Mikael Latreille
Farewell to self-regulation, goodbye self-policing
With a global code of conduct for FX due in May 2017, participants are only too keen to see the back of an unregulated market
A window of opportunity
With opinion split on whether last look is the defender or villain of the piece, FX participants are campaigning to raise standards and boost transparency, but some say the timeframe for action is diminishing. By Alessandro Aimone
XTX Markets provides liquidity on TraderTools
The move comes within weeks of the firm going live on 360T
Regulators fine Barclays $150m over last look
Barclays has been ordered to remove an unnamed global head of electronic trading for FX
GreySpark Partners opens New York office
Following openings in Edinburgh, Sidney and Hong Kong, the financial consultancy expands to the US
EM platform R5FX goes live with Indian rupee
The rupee becomes the fourth emerging market currency to launch on the trading platform
Saxo rolls out trading platform to white-label clients
SaxoTraderGO is now available for institutional clients, after its launch in May
CFTC's Massad commits to aggressive enforcement
Over the past two fiscal years, more than $4.6 billion in penalties have been imposed in 15 actions against banks and brokers to address benchmark misconduct
China launches direct trading between RMB/CHF
Swiss franc becomes the seventh currency to trade directly against the renminbi; HSBC gains approval to become a market-maker in the pair when it launches
TPP countries strike ‘unprecedented' deal against currency manipulation
The 12 member states of the Pacific free-trade deal sign a declaration vowing comprehensive disclosure of FX data; members will have to abide by rules against competitive devaluation
Rabobank snatches the top with spot-on calls
Rabobank sees the Fed increasing interest rates in December, with the Bank of England following in August 2016
Thomson Reuters integrates FX under single umbrella
Thomson Reuters is bringing all its pre-trade tools, trading venues and post-trade capabilities under FX Trading
Sell side's appetite for intelligence tools increases
As compliance inches to the fore, more large banks are reaching out to providers of cognitive learning tools
South Korea eyes panda bonds in China
Local media reports that Korean government has submitted formal request to Beijing following financial co-operation deal struck last week that also paved way for direct RMB/KRW trading
All-to-all FX to become commonplace by 2017
The divide between historic tiers of liquidity is rapidly disappearing, shows research from financial consultancy GreySpark
Banks ready for more FX lawsuits amid mixed Q3 results
Barclays and RBS cite further potential FX litigation or investigations in the UK, US and Canada
XTX Markets to provide liquidity on 360T
As of November 3, the market-maker will provide streaming liquidity to the multi-dealer platform
NAB snags top spot with on-target calls
The Federal Reserve might have missed the window to hike rates, says National Australia Bank strategist
CLS sets go-live date for Hungarian forint
CLS and Hungary's central bank launched the forint project in February 2014
Citi eyes prime brokerage opportunities
By managing its balance sheet, the bank says it can put more capital and assets to work to deepen PB relationships
Puth: FX must repair its reputation
The BIS global code of conduct needs to be strong enough to close the gaps, but members need to find a consensus
Scope of FX suit against banks widens
Co-operation from banks that chose to settle is helping investors
FX currency funds dip on low risk taking
Only eight out of 31 currency managers report positive results for September