Foreign exchange
FX Focus - Doubts over agency desk execution grow
Banks are turning to agency desk execution to cut the cost of trading. Some market participants claim it could be the source of as much as half of all turnover in the FX market within five years. Others are more sceptical, and there are fears that a mass…
FX Focus - Editor's Letter
Volatility comes back to the market but rising costs and regulatory burdens forcing major structural changes
EBS hires G-10 currencies head
Bill Marsden joins EBS from a liquidity sales position at Thomson Reuters
On the knees of your soul? Scrub the floor!
The industry may have received a very public drubbing this year, but customers can still depend on banks for FX
Bloomberg retains dominant market data provider position
The firm plans to roll out solutions to improve the exchange of information between the buy and sell side
Credit Agricole wins with call on reserve diversification
The actions of the world's largest reserve managers diversifying their portfolios from USD supported the single currency
Santander comes top in LatAm currencies for first time
Santander's focus on providing best execution to clients, and a mix of relationship and e-trading capabilities, propels it to the top
Danske Bank triumphs in Scandinavian currencies
Danske Bank attributes its success to a narrow focus on its core business and the launch of single-dealer platform OneTrader
Standard Bank bags rand award for second year
Standard Bank triumphs as the best bank for the South African rand for the second year running. Now the firm has continental Africa in its sights
FX Focus - How to reform FX benchmarking
The long-running investigation into FX benchmarks looks to be coming to a close, with banks being hit by fines running into the hundreds of millions of dollars. Attention will now turn to the myriad possible reforms to the fixing process. Which changes…
Exchange trading on the march in EMFX
Emerging market currencies to get the best of the over-the-counter and exchange-traded worlds
FCA clears path for BGC's takeover of GFI
BGC gives GFI shareholders until midnight to decide on its tender offer for the broker, following FCA regulatory clearance
Sydney becomes the latest renminbi-trading hub
The clearing arrangement follows the announcement of a major free-trade agreement, alongside Australia gaining further access of $8 billion to China's capital markets
EBS Select liquidity pool launches
EBS Select will complement existing platforms EBS Market and EBS Direct
Saxo introduces no-dealing desk accounts
Saxo gives retail clients direct access to liquidity and launches a more integrated MetaTrader 4 offering
BNP Paribas comes top with dollar view
Dollar and sterling should be the winners against the euro and the Japanese yen as further aggressive easing is expected
Agency desk growth will be slower than expected, traders say
The chance of 50% of the FX market going to agency execution within five years is viewed as highly unlikely, but some banks wager on agency being the future of FX trading
Thirty firms placed under FX ‘remediation programme’
G-10 FX spot desks are placed under supervisory watch by the FCA as the industry tries to clean up its act
SNB may intervene in EUR/CHF 'as early as this week'
A Yes result would make it difficult for the Swiss central bank to defend its floor
Mallett dismissed from Bank of England
Grabiner report unveils transcripts of conversations between Mallett and market participants discussing "matching off" trades
Regulators slam banks with fines totalling $3.4 billion
Five banks have been ordered to pay total fines of $3.4 billion in relation to the global regulatory investigation surrounding FX benchmarks
FX settlements strengthen civil law suit in US
Lawyers representing the plaintiff class in a civil lawsuit in New York have been encouraged by regulators' settlements with banks over their misconduct surrounding FX benchmarks
Should investors fear a rising dollar?
Stephanie Flanders says emerging markets are set for a bumpy ride in the months and years ahead as the greenback rises
'Last look' will prevent settlement with regulators, warns New Change FX
Banks and regulators are preparing to hammer out a deal in relation to the global probe into currency trading, but questions surrounding 'last-look' practices could stall the process in the US