Foreign exchange
ADS Securities launches in London
The Abu Dhabi-headquartered company opens in London and entrusts James Watson to lead its expansionary efforts in Europe
Saxo Bank wins with bullish dollar view
Dollar rally should continue as the Fed tapers its stimulus programme in contrast to the stance of the ECB and Bank of Japan
Sefs record FX volume uptick as buy side signs on
Sefs top $200 billion of FX volume in one week to mark one-year anniversary
BlackRock's Novick slams banks' 'reprehensible' behaviour
Banking ethics and the enormity of regulatory fines are discussed by Sibos panel
Deutsche Bank executes first direct EUR/CNY trade
The move will help the formation of a direct exchange rate between the two currencies
BuysideFX shuts up shop
Buy-side focused vendor closes following client withdrawal
FSB releases final benchmark report
FSB supports wider fixing window, the separation of benchmark orders and industry-led netting solutions
Nomura wins with bearish yen view
The bank anticipated Japan's decisions would weigh on the yen, on top of the widening divergence of its monetary policy with the US
FCA investigation becomes systems and controls case
Banks and the FCA have reportedly entered into talks to settle allegations of benchmark manipulation, with the focus turning to systems and controls as regulators struggle to link senior management to complaints
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
Global renminbi payments triple in value
One-third of the world's financial institutions use the renminbi for payments to China and Hong Kong, making it the seventh-ranked global payments currency
Hotspot taps into FX dark pool demand
Hotspot has thrown its hat into the ring to compete for FX spot dark pool business amongst the likes of BGC Partners and FXall
FSB to publish FX benchmark reforms within days
The first look at how regulators want the 4pm fix to be managed is set to be revealed by the end of the month by the FSB
O’Malia urges CFTC to rethink Sef registration rules
CFTC’s approach has caused ‘mistrust’, says ex-commissioner
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now
Close call on Swissie puts NAB on top
The bank had a V-shaped profile for the US dollar, weakening in the early months of 2014, but ending up strong
Scottish vote triggers short EUR/GBP bets
Strategists expect the pound to gain against the euro, as policy divergence between the UK and the eurozone favours sterling
US court orders Sef-registration rethink
CFTC forced to perform cost-benefit analysis of various Dodd-Frank provisions
Unchanged Fed boosts EM party
Currency analysts question whether the recent strengthening of the US dollar will yield a similar reaction as that seen in 2013
FxPro acquires spot aggregator platform
Quotix buy will boost focus on institutional clients
Return of volatility to bust Aussie's strong run
Expansionary monetary policies in the developed countries have supported Aussie strength, distorting the influence of fundamentals
FX Focus - Editor's Letter
Cash management products promise to save millions for corporates, but costs could rise elsewhere as regulation begins to bite
FX Focus - The magic world of cash management
Several of the largest banks have merged treasury and FX desk services to help clients dispense with costly local currency accounts. Corporate treasurers have often viewed this as some form of alchemy, but the significant savings promised by banks seem…
Azimo launches euro money transfers to Scotland
New service will be in place before independence referendum