Forwards
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
LCH plans major FX clearing expansion
CCP to tackle cash-settled options, deliverable swaps and standalone service for deliverable forwards
Eurex faces more delays to cross-currency swap clearing
Clearing house eyes June release; dealers voice concerns over liquidity and margining
Deutsche Börse in talks to buy Refinitiv FX units
Negotiations confirmed, but not whether FXall is on the sale block
ParFX takes first step for moving into NDFs
Trading platform has snapped up an MIC code as it explores building a platform for the growing FX segment
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
CME Group gets Dutch approval for Amsterdam entity
Some businesses will transition to CME Amsterdam BV to keep serving EU27 clients
CME clears FX cash-settled forwards for first time
Service debuts in January with two EUR/USD trades
Traiana offers USD/CNH and USD/HKD clearing via HKEX’s OTC Clear
The deliverable contracts are forwarded to the Hong Kong Exchange via Traiana’s clearing hub CCP Connect
FX swaps to avoid year-end basis blowout, banks say
Earlier rollovers likely to ensure no repeat of previous cross-currency volatility
Hedge fund giants lead fourth wave of IM candidates
BlueCrest, Capula, Citadel, Millennium and Rokos expected to be in scope for next phase of margin rules
Best Banks Awards: Barclays
Barclays has been voted the winner of the Best Bank for GBP/USD, Best Bank for EUR/GBP and Best Bank for FX in London categories at the 2018 FX Week Best Banks Awards
Best Banks Awards: Refinitiv
Refinitiv has been voted the winner of two categories at the 2018 FX Week Best Banks Awards
MarkitServ launches cloud-based post-trade processing platform
The firm looks to migrate FX options and spot to TradeServ in 2019
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
Deutsche Börse boosts FX data offering
The new streaming service will cover FX spot and swaps
Birmann returns to NatWest Markets
The forwards trader had a short stint at Credit Suisse before coming back to the UK bank
Dealers slam ‘nonsensical’ treatment of FX derivatives
Proposal on US swap dealer threshold rekindles debate on definition of NDFs and window forwards
BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues