Trading
FCA to defy Europe on forex forwards reporting
UK regulator will not require forex forwards to be reported – contravening European policy – until Mifid II forces it to change
DealHub launches RefleX
Technology firm's new product features an innovative price and execution engine
Return of volatility to bust Aussie's strong run
Expansionary monetary policies in the developed countries have supported Aussie strength, distorting the influence of fundamentals
ITG launches new FX benchmark
Research and execution broker aims new reference price at portfolio managers and traders as the race to find alternative benchmarks heats up
Democratisation of risk masks volume discrepancy
The fundamental rearrangement of roles in FX markets is driving underlying volume growth and market structure changes
London set to become dominant RMB hub
Three cities will beat off competition from other financial centres
No end in sight for Sef confirmation struggles
Nearly 12 months after the last Sef was issued, the CFTC finally offers clarification, which splits opinion
ParFX launches buy-side push
First trade via prime completed on August 28, trial phase will run to four weeks
BGC aims for GFI buyout
Brokerage firm offers $5.25 per share in hostile takeover of rival
FX reform: if it ain’t broke, don’t fix it
Code of conduct needed to balance structural reforms, says WMBA
EUR/CHF long positions make market anxious
The recent downward pressure on the euro has led Saxo Bank to reconsider the margin it charges as the Swissie floor gets hit
Currency fund returns on the up after tough few years
Profits rise as the paths of major economies begin to diverge
Esma's latest FX consultation branded ‘pointless’
Regulatory playing field will remain unequal in EU, say market participants
Marex Spectron closes FX business
Broker says it will focus investment on core business activities instead
Clients switch off dealers using aggressive last-look strategies
Market-makers using aggressive last-look strategies face backlash from buy side
Plans for new USD/RUB benchmark fall flat
EM benchmark concerns remain as EBS and Moex fail to agree on terms for USD/RUB fixing after two years of talks
Barclays starts charging peers for benchmark orders
Barclays will continue to offer fix-order execution to clients without the added spread
Esma must use FX derivative definition delay wisely – WMBA
Fears that delay risks entrenching confusion over trade-reporting rules
ATC Brokers launches UK-based service
Ex-Citi VP Michael Mirarchi will lead the new retail brokerage
FXPBs, agency desks set to resume derivatives trading
After 14 months and failed attempts to relaunch the agency brokerage business in the US, new proposals spark light at the end of the tunnel
Smooth take-off for collateral reporting
Buy side goes it alone on collateral and valuation reporting
Widening fix window is not a magic bullet, industry tells FSB
Broad support for reforms, but industry makes varied counterproposals
Thomson Reuters’ FX spot volume down
FX volume continues to struggle as volatility nears all-time low
European regulators slammed for uncleared margin ‘sleight of hand’
Possible expansion of firms affected by variation margining earns critique from buy side