Trading
Convergence could ignite volatility, says TD Securities
As convergence of macroeconomic conditions gathers pace in 2018, rotation of capital will favour non-dollar assets
AWARDS JP Morgan claims best FX bank title
The US firm is voted the best bank for foreign exchange dealing at the 2017 FX Week Best Banks Awards, taking the crown from peer Citi
Banks reportedly preparing to settle EU FX probe
Barclays, Citigroup, HSBC, JP Morgan, RBS, UBS and two other institutions set to pay out billions of euros, according to Financial Times
Nielsen, Wandhöfer and Weisberg join B2C2 advisory board
Founded in 2015 and headquartered in London, B2C2 is a privately held crypto-currency liquidity provider
FastMatch opens FX Tape to public
Data service attracts a monthly cost of €40
Oh swaps Mizuho for BNP Paribas
FX options specialist will focus on expanding the French bank’s Latin America footprint
Differentiate between emerging markets, urges Rabobank
The Dutch bank is “cautiously optimistic” about the Russian ruble, but keeps its long-held bearish view on the renminbi
Cboe FX boosts market share in October
Volumes up, driven by activity in European and Asian trading sessions
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
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
Integral appoints Srivastava as chief revenue officer
Vikas Srivastava has worked at Integral since 2010, overseeing its regulatory initiatives
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
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
DFS hits Credit Suisse with $135m fine
Department of Financial Services issues consent order, listing FX misconduct and abuses that potentially affected customers for years
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Flow Traders aims to become a leading FX liquidity provider
The Dutch market-maker has partnered MarketFactory to make a push into the currencies space