Liquidity
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
FX volatility rouses from hibernation
Volatility picks up on back of fluctuating US-China trade tensions and central bank easing
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
City Index: yuan to hit seven within a month
China’s yuan has not seen such levels for more than a decade, but trade war with US induces flirtation
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
Boas Bondesen joins BidFX in Nordic sales
Bondesen spent six years in FX sales at FlexTrade
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
Kurk joins Northern Trust as COO
Hire aims to capitalise on acquired technology and product capabilities
Best liquidity aggregation system provider of the year: SmartTrade
SmartTrade voted Best liquidity aggregation system provider
e-FX initiative of the year: Tradefeedr
Tradefeedr voted e-FX initiative of the year
Bank e-FX initiative/Best e-derivatives platform of the year: Citi
Citi voted Bank e-FX initiative and Best e-derivatives platform
Best post-trade services provider of the year: Baton Systems
Baton Systems voted Best post-trade services provider
Best FX connectivity provider of the year: MarketFactory
MarketFactory voted Best FX connectivity provider
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Banks and prop shops expect more trading tie-ups
NDFs and FX swaps will increasingly trade on screen, but latter product gives banks advantage over non-banks
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
Gillespie joins Spotex in sales role
Based in London, Kevin Gillespie will target institutional and broker clients, besides banks
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn