Foreign exchange
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Currency derivatives - regulating with consistency
The chief executive and chairman of the Wholesale Markets Brokers' Association (WMBA) say regulatory complexities have left market participants in the dark on derivatives
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
European Commission launches consultation on FX definitions
EC consultation in response to ESMA's letter dated February 14
Institutional mobile trading on the rise, says JP Morgan
Institutional traders are embracing mobile trading
Asset managers bemoan lack of alternatives in FX
Asset managers at the FX Invest North America event call for trading alternatives
Let Hornby's FX nightmare be a lesson to smaller firms
Philippe Gelis writes that small and medium corporates can incur significant losses if they fail to hedge against moves in FX
Panel clashes on best execution and NDF clearing in Boston
A panel at the annual FX Invest conference in Boston tackled the difficulties of NDF clearing and best execution costs
Fear of EM volatility irrational and dangerous, says Ashmore
EM returns have outstripped those of major holding currencies in a directionless market; economic fundamentals also support gains
Buy-side firms approach BoE to take more active role on FXJSC
Large buy-side firms keen to take a more active role on FXJSC after allegations dealers manipulated foreign exchange benchmarks
CLS warns Alice ruling may impact all financial companies
Legal dispute with Alice Corporation over technology patent now with US Supreme Court
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
FSB may publish FX benchmark recommendations before November
The FSB's foreign exchange steering group may recommend changes to infrastructure around benchmarks and wider infrastructure sooner than previously thought
No full disclosure on FX scandal in 2014, says FCA's Wheatley
Martin Wheatley, head of the UK's Financial Conduct Authority, says ongoing investigation unlikely to be concluded this year; laments prevailing culture of ‘ethical flexibility'
Asset managers are most significant non-bank market participants
Head of banking at Bank for International Settlements highlights growing role of non-bank market participants in FX
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
RMB volatility slows corporate hedging activity
Demand for structured forwards down by 80% as corporates wait for RMB to stabilise, dealers say
London RMB clearing bank likely to be Chinese, says RBS
Renminbi trading in London is likely to be run through a Chinese clearing bank, say market participants, following the agreement due to be signed on Monday
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants