Foreign exchange
Pressure builds on Denmark as central bank slashes rate
Analysts anticipate the central bank having to cut the deposit rate further, but maintain the peg will survive
Citi takes proactive stance on FX bonuses
Citi's FX traders will lose their cash bonuses if they are let go this year and are seen to have committed misconduct
Gerko to exit GSA and set up market-making business
Head of GSA's market-making team is set to go it alone in July
SNB fallout highlights danger of agency only models
Retail brokers with agency only models suffered steep losses following the SNB decision while principal brokers came out relatively unscathed
Bats won't hike fees on Hotspot, says Concannon
The stock exchange operator is committed to its core low-cost strategy, says Bats Global Markets president Chris Concannon
Prime of prime providers see growth despite SNB fallout
Credit provision to smaller firms is increasingly becoming the domain of PoPs, but the focus will shift to pre-trade risk management
FXCM's dollar prediction lands it on top
From a technical perspective, the firm anticipates a countertrend movement in the US dollar-strengthening path
Denmark cuts rate for third time in 11 days
Danish central bank cuts its deposit rate for the third time since the Swiss National Bank decided to abandon its exchange rate commitment; rate now sits at -0.5%
How to play the stronger dollar
Stephanie Flanders examines the dollar's prospects and the implications of a stronger greenback
Uptick for Thomson Reuters’ volumes
Overall volumes for all transaction types rose to $350 billion, but spot volumes decreased from the previous month
Saxo Bank seeks to recover negative client balances after repricing trades
Group CFO says the bank's priority is to deal with the situation in a "fair way"
Settlement hopes boosted by US court decision
Judge throws out banks' plea to dismiss FX class-action lawsuit, bolstering the likelihood of more settlements
Moscow Exchange to increase ruble tick size
Alteration follows a recommendation by the Russian exchange's FX market committee in November
Analysts see volatility but no contagion after Greek vote
The election results are viewed as a mandate to seek a tough renegotiation of the bailout, but strategists still consider a worst-case scenario unlikely
Hungary and Poland resilient to SNB action
Despite FX exposure to CHF in Hungary and Poland, the region is safe against exchange-rate swings
Further euro weakness expected after ECB announcement
The open-ended programme could lead to EUR/USD trading at 1.09 by the year end, say strategists
ECB QE programme priced into FX market
The market expects around €500 billion of QE from the ECB, which could result in euro appreciation
Monex Europe expands with Madrid opening
The currency broker opens a new office in Spain in a bid to widen its presence in mainland Europe
AUD/NZD lows will not last
Growth, carry and commodity prices have given the Kiwi the upper hand, but ultimately, the Aussie should gain support from the stabilisation of asset markets and commodity prices
BNP Paribas wins on policy divergence theme
The bank expected the euro and the yen to lose ground against the dollar on the back of the major central banks' policies starting to diverge
Currency markets brace themselves for week of turbulence
The European Central Bank's forthcoming meeting, elections in Greece and the Swiss National Bank's change of tactics point to rising volatility
EUR/CHF stabilises as FX brokers reassure investors
The Swiss central bank removes its 1.20 floor in EUR/CHF, and lowers deposit rates and Libor targets further into negative territory
BGC and CME make further offers for GFI
GFI Group to vote on offers on January 27, as CME Group and BGC Partners continue to battle it out for the US broker's assets
EBS partners SGX to boost Asian FX footprint
Singapore Exchange-listed FX futures are set to be offered on EBS platforms, subject to regulatory approval