Foreign exchange
Navigating EM debt in a currency driven world
By Pierre-Yves Bareau, emerging markets strategic bond fund portfolio manager at JP Morgan Asset Management
China overlooks own foreign investment cap
Hong Kong firm granted $1.2bn QFII quota, above the $1bn cap set in 2009, as world's second-biggest economy takes symbolic step towards opening up capital account
Hotspot's London push may spark price war
New owner Bats paid customers to attract market share in equities; London matching engine takes first step in expansion
JP Morgan and Deutsche top 2014 FX survey
Citi drops to third place in G10 spot, forwards and options, according to Coalition
ACI updates Model Code
Update contains guidance on issues including last look; ACI launches E-learning portal
Toronto becomes first RMB hub in Americas
Canada is the eighth country to do a currency trading deal with China as the renminbi's internationalisation gathers pace
CLS volumes drop in February as market returns to 'normal'
Settlement utility sees volumes and instructions slide in February
BNY Mellon fined $714 million in FX case
The US bank has settled a three-year legal battle over defrauding its customers in how it handled currency transactions
Barclays wins with spot-on QE call
The UK bank argues inflation in the eurozone will keep coming at the downside, forcing the central bank to step up its easing action
IG under fire from clients with huge negative balances
Customers log complaint with Financial Conduct Authority and hire legal counsel in EUR/CHF case
Renminbi hits two-month high in wake of dovish Fed
Renminbi reaches highest level against US dollar in two months as Fed cuts projected rate path; volatility suggests market discomfort with Fed normalisation, says analyst
Thomson Reuters sees ADV drop in February
Overall volumes fell by 11% from January to February
Citi chases $25 million in Swiss franc lawsuit
US bank files lawsuit against prime brokerage client over events stemming from the Swiss franc's surge in value
Saxo Bank doubles profits in 2014
Benefitting from a strong pick-up in trading volumes in the second half of 2014, the Danish bank says it can swallow a maximum loss of DKK 700 million following the Swiss franc debacle
Credit Agricole deploys DealHub post-trade platform
French bank automates post-trade processes with DealHub
FXSpotStream adds Credit Suisse as liquidity provider
This raises the number of liquidity providers on the platform to 10
Gradual rollout for China's payment system
The country’s cross-border interbank payment system (Cips) will further contribute to the internationalisation of the renminbi
INTL FCStone picks TradAir as e-FX provider
The two firms partner to build a bespoke electronic solution
Banks could face fines of $4bn from US DoJ
The fines being hammered out would nearly double the total already paid to regulators during the currency probe
LMAX Exchange bucks trend with PoP launch
Prime-of-prime offering is differentiated by proprietary pre-trade risk management tools, says LMAX Exchange
UBS pays $135 million in FX benchmark case
The Swiss bank is the latest to settle civil litigation in the US over the manipulation of FX benchmarks
Saxo wins with EUR/USD call
The Danish bank correctly anticipates the scope of EUR/USD losses in anticipation of the ECB's quantitative easing
Banks lower EUR/USD forecasts after pair touch 12-year low
ECB's QE and negative rates fuel capital outflows, which will weigh on the single currency in the foreseeable future
Top banks' market share dips as clients pick e-trading
The five largest banks still control just over half of the $5.3 trillion global flows, but dominance wanes