Foreign exchange
Benchmarking fines could cost banks $40 billion, says Citi
Analysts believe the impact is already priced in as Ficc revenues rise
FXSpotStream finds niche in cash-strapped times
Intense focus on cost cutting has benefited multibank aggregator service FXSpotStream, which is on course to introduce streaming for forwards from November 30
How volatility eats itself and why everyone should care
Helen Thomas, author of popular financial blog Blonde Money (http://blondemoney.co.uk/helen-thomas/) says the market is set for a serious pick-up in volatility
Esma kicks off NDF-clearing consultation
Timeline for implementation still vague, with options clearing also lagging
BBVA wins with upbeat view on US economy
The US dollar should extend its gains as the economy takes off in contrast to other major developed economies
Product launches, October 20, 2014
Swissquote unveils information portal, Caplin systems publishes white paper on mobile trading, and more
FX Focus - Corporates accused of pricing complacency
Corporates are in a pricing ‘nirvana’ at the moment. Hedging is cheap, transparent and easy, but how long will this last? Some treasurers have concerns over complacency towards the impact of market volatility, while regulatory reform could push up prices…
FX Focus - No corporate love for Clobs
Corporates have yet to yield to the charm of central limit order books, as regulatory pressures and pricing issues keep them tied to the request-for-quote model. Meanwhile, swap execution facility liquidity is improving, but worries over market…
FX Focus - Editor's Letter
Senior corporate treasurer warns current 'nirvana' in corporate hedging costs is coming to an end
Would-be Sefs fear ability to access market
On-Sef FX dominated by just five providers, and start-up costs are high
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
EBS hit by outage
Spot platforms down for 25 seconds, affecting London-based traders
Marano joins Gain Capital's GTX
Industry veteran joins from Hotspot FX and will be based in New York
G-20 needs to arrest currency wars to stop Asian deflation
Callum Henderson, global head of FX research at Standard Chartered calls for leaders to put a stop to currency wars; says SGD is an ideal candidate for funding relative value carry trades in Asia
Tech and infrastructure demands of reporting data put pressure on banks and regulators
The terabytes of data regulators receive every day is challenging for both banks and supervisors
ACI boosts global reach with North American division – ACI America
New body will represent financial markets industry in North America
Corporates resist lure of central limit order books
Pricing and flexbility still have some way to go to drag corporates away from RFQ model
NDF trading mandates must be harmonised, industry warns
The CFTC-hosted roundtable discussion on NDF clearing raised the main issues currently facing industry participants
SEB wins long-term forecast with precise USD call
SEB correctly anticipated a widening divergence between the US Fed and the ECB
Currency funds continue growth trend
Parker FX Index grows for second month in a row thanks to volatility uptick
Corporates ‘complacent’ over FX hedging costs
Treasurers wrong to believe tight prices will last indefinitely, says senior treasurer at a global technology company
UK set to issue RMB-denominated sovereign bond
Bank of China, HSBC and Standard Chartered appointed to help in the issuance of the bond, which will help finance the UK's reserves
Agency desks take on risk to raise revenues
Decreasing volumes and volatility this year have helped the trend
London Capital Group recalibrates its ambitions
UK-based retail outlet to broaden horizons with expanded agency brokerage and key hires from the institutional market