Foreign exchange
R5FX names new board members
All three bring extensive experience in financial and emerging markets to the firm
CMC Markets hits the jackpot with Fed call
The firm tops last week's currency forecast table with close calls on dollar weakness
Mitchell leaves Goldman
Matt Mitchell worked at the New York office of the US bank for 15 years as an FX options trader
LCH.Clearnet confirms 2016 for OTC FX options
The company is set to launch the service as the lowering of margin requirements will make clearing a cheaper option
IG opens office in Dubai
With the opening of a new office in Dubai, the retail broker makes its first foray into the Middle East
Migrant crisis highlights remittances costs
Global remittances total more than $400 billion a year, but the costs remain sky high. Rajesh Agrawal of RationalFX aims to lower fees for workers sending money home
Banks unite to explore blockchain
Nine global banks commit to researching shared and distributed ledger technology, led by financial innovation firm R3
China opens FX interbank market to central banks
The People's Bank of China says foreign central banks will be allowed to trade a range of derivatives products, including forwards, swaps and options
CFH Clearing adds BNP Paribas as prime broker
It is the second PB relationship instigated by the prime-of-prime provider this year
Cable decline pushes FXCM to top spot
The US-based broker forecasts a relatively tight range for EUR/USD and does not think the Fed will raise rates in September
Icap becomes a strategic investor in Abide Financial
The partnership will help the post-trade services provider to scale the business at a faster rate
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Bloomberg and Traiana to streamline FX options process
The two companies will develop a straight-through post-trade processing solution for FX options
BNY Mellon expands global payment infrastructure
Clients can use account balances in one currency to instruct payments in other currencies
FXCM fined $843,000 by CFTC
The CFTC says FXCM failed to report fraudulent activities of FX pool Revelation Forex Fund
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS market committee chair Guy Debelle says work on the new global code of conduct will focus on plugging the gaps in the existing codes
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
LMAX is the UK's sixth fastest-growing tech company
For the third year in a row, the platform features on the Sunday Times' Tech Track 100 table
Strong dollar pushes Wells Fargo to the top
The US bank says Fed liftoff is still likely in September, despite market turmoil. It sees parity in EUR/USD before the end of 2016
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
Trading volumes surge in August
FX trading platforms see rising volumes in August as the return of volatility spurs activity
Peaking reserves herald bad news for EUR/USD
Declining global reserves will push EUR/USD lower, but the dollar should benefit from the switch in reserve manager behaviour