FX markets
Saxo Bank: sterling would reach parity with dollar under Corbyn as UK’s PM
Campaign of renationalisation and fiscal expansion would widen the twin deficits to 5% of GDP and spur inflation
Avelacom adds new point of presence at TY3
This delivers the lowest latency capabilities between London and Tokyo
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
Dollar to gain from trade war escalation, says Wells Fargo
Trade tensions will be dollar-positive and weigh on risk-sensitive EM currencies
Johnson appeal supported by two amicus briefs
Criminalising legitimate pre-hedging when the dealer acts as principal will lead to rising costs and decreased liquidity
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
360T hires three for senior FX roles
Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
Bank of Japan commits to FX Global Code
Central bank signs formal statement of commitment to principles of good behaviour
ANZ signs up to FX Global Code
The Australian bank commits to the principles of good behaviour
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
Pragma calls for flash crash definition
Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators
Integral appoints Srivastava as chief revenue officer
Vikas Srivastava has worked at Integral since 2010, overseeing its regulatory initiatives
FCA to publicly recognise selected codes of conduct
Regulator launches consultation on its proposals to supervise SM&CR rules and says public recognition will encourage adherence
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
FX Week Australia 2017 – in pictures
The premier conference for FX market participants in Australia and Asia-Pacific took place on March 23 in Sydney
Korea moves to restrict FX derivatives leverage
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure