Foreign exchange
SNB reserves suggest 24bn euro intervention
The Swiss central bank increases its foreign currency reserves to CHF 495 billion, mainly driven by euro buying, strategists say
NDF clearing could be delayed until February 2016
The FX subcommittee of the Global Markets Advisory Committee has submitted a condensed 10-page report to the US regulator, proposing a 12-month schedule for clearing non-deliverable forwards
Reserve managers shun the euro
International Monetary Fund data from the third quarter of 2014 shows a significant hit to euro reserves following further negative interest rates
BGC issues letter to GFI shareholders in battle for broker
The war between BGC and CME over brokerage house GFI looks set to come to a head, following months of counteroffers
Currency funds see fifth month of positive returns
The Parker FX Index reported positive results for the fifth-consecutive month, with a 0.68% return for November
EU banks' exposure to Greece below 5 billion euros
European banks' exposure to Greece's sovereign debt is nil and total Greek lending stands at around EUR 5 billion
HKMA finds no evidence of FX fixing
Investigations into FX market manipulation turn up two cases of possible misconduct, but find no collusion between banks; six banks criticised for communication ‘indiscretions’
EBS launches end-of-month INR NDF
Contract to complement existing one-month outright offering
The industry is on the bounce, says Fitzpatrick
Declining headcounts expected in trading and sales, but banks' investment appetite is on the rebound
The dollar to rule them all
The dollar rally has finally arrived in late 2014, with more gains pencilled in for 2015
Time is ripe to embrace innovation
ParFX expects transparency to be a key theme in 2015
Thomson Reuters looks to watershed year
Next year is set to see the culmination of nearly three years of work to bring Thomson Reuters' products on to one desktop
WMBA highlights liquidity fears
2015 could be the year when regulatory ambitions clash with central banks' fears for liquidity
Mandelzis sees competition increasing in 2015
EBS chief executive expects the trading landscape to become more competitive and lead to consolidation
CME looks to local banks for EM FX liquidity
Craig LeVeille, executive director for FX products at CME, talks about the company’s focus on growing emerging markets
UniCredit sees eurozone fundamentals improving
The bank was the most successful forecaster among FX Week's contributors this year, topping the charts 12 times
Traiana warns of busy regulatory year ahead
Steve French, director of product strategy at Traiana, says fixing the Emir system and implementing Mifid II reporting will bring huge challenges in 2015
SNB negative rates to take effect on ECB day
The Swiss central bank's steps and timing are a good indication of the ECB's next actions
Contagion fears ignited by ruble moves
The trouble in Russia is spreading to other currency pairs in emerging markets and causing bouts of volatility in G10 pairs as traders struggle to get business done
Moex margins above 30% with EBS still trading
Ruble trading becomes more expensive as intraday price moves remain exceptional
FXCM closes out existing RUB trades at noon EST
FXCM closes out existing ruble positions at noon Eastern Time on December 16
Bloomberg Tradebook halts RUB dealing
The Moscow Exchange and Saxo Bank hike collateral requirements; FXCM and Alpari pull out
BGC bolsters European business with RP Martin buy
BGC purchases RP Martin's UK assets, and plans to add Swedish and Dutch businesses to its portfolio as well, pending regulatory approval
Commerzbank pulls back from FX prime brokerage
Commerzbank closes prime brokerage business as it reallocates resources