Foreign exchange
US softens rhetoric on renminbi ahead of SDR review
The Treasury drops its "significantly undervalued" reference in its flagship report to Congress on foreign exchange rate policies ahead of next month's IMF review
BMO hits cable jackpot on strengthening dollar
Risk-off supported dollar rather than a Fed rate hike
Banks seek greater insight into their trading activity
Surveillance tools can provide firms with a better understanding of the activities taking place within their organisation
Deutsche Börse completes 360T acquisition
Key features of the deal include a new ECN-type trading venue for FX spot with derivatives instruments a possibility
Renminbi internationalisation slightly delayed by stock market rout
Panellists at the 6th Pan Asia Regulatory Summit say Chinese regulators held back after stock market turmoil
China and Singapore expand cross-border renminbi channels
Initiative allows Chinese companies to raise RMB debt in the offshore hub, while making it easier for Singapore banks to deploy RMB liquidity; Singapore also eases exchange rate path
CFH Clearing launches new liquidity service
The new liquidity service gives CFH clients access to tier 1 banks, multilateral trading facilities, electronic communications networks and multi-dealer platforms
Bank of Japan launches updated payments platform
New BoJ-NET system live today, days after launch of China's Cips platform, and renminbi surpasses yen as global payments currency
FastMatch completes first disclosed trade on its platform
Market makers using the venue for disclosed trading can customise FX solutions for customer's needs
Forex liquidity transformation post-SNB
Liquidity in the wake of the seminal moment in January 2015 fell considerably, but volatility inched up, explains Wayne Roworth
Central bank view gives Informa top spot
The firm rightly foresaw a stronger dollar and a weaker yen
Trading volumes off post-RMB devaluation highs
While volumes were down on most platforms, currency pairs such as the USD/RUB and USD/CNY saw an uptick in trading
Renminbi becomes fourth most-used payment currency
The Chinese currency overtakes the yen with a share of 2.79% in global payments by value
CLS CEO to brief market participants on code of conduct progress
David Puth will speak at an ACI America event in late October in New York
FXSpotStream targets Asia-Pacific region with Bank of Tokyo-Mitsubishi addition
There are now 12 contributing banks in the aggregator's diverse pool of liquidity providers
Deutsche Bank launches FX positioning indexes
The indexes, published every Wednesday, will provide information on the particular positions investors take on certain currencies
FXCM investigates scope of hacking incident, maintains silence on details
Tightlipped about much of the details of the recent system breach, FXCM said it is investigating the scope of the cybersecurity incident with a leading cyersecurity firm
China launches long-awaited cross-border payments platform
PBoC announces launch of China International Payment System, marking big step towards renminbi internationalisation
IMF foresees ‘lasting upswing' in US dollar
Updated flagship report warns EM corporates ‘natural hedge' against stronger dollar could become redundant if energy prices continue to slump
Molten Markets acquisition completes EBS's institutional offering
EBS BrokerTec now offers all types of OTC FX products to all institutional clients
Scotiabank makes on-target call on greenback's strength
Diverging monetary policies and gauging the willingness of central bankers to act relative to their counterparts helped Scotiabank to nail down the appreciation of the dollar against some of its peers
Indian rupee strengthens on rate cut
India remains a ray of sunshine amid cloudy emerging markets, as Reserve Bank of India cuts rates for the fourth time this year
FX rates still have a strong impact on trade flows, says IMF
The IMF report concludes that exchange rates and trade flows are still connected
FSB report finds mixed progress on benchmark reforms
Report welcomes ‘good progress’ on many recommendations, particularly surrounding London fix, but identifies room for improvements