Forwards
CLS profits down in 2017 as firm invests
Settled volumes continue to grow year-on-year and underlying profits are in line with expectations, Puth says
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
360T hires three for senior FX roles
Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
Philippines bankers partner Bloomberg on FX initiatives
Bloomberg has been selected as the calculation agent for USD/PHP and bankers will use FXGO for spot trading
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
European Commission backs FX forwards margin exemption
Need for change is “undisputed”, official says, but short-term relief expected to come via forbearance
BTIG hires Hobert as managing director of FX team
David Hobert is tasked with developing new business as the firm looks to expand its currency footprint
Matherne joins BNY Mellon as global head of FX forwards
Paul Matherne is the latest staffer to make the switch from Deutsche Bank to BNY Mellon
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role