Trading
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
UK Treasury launches Bitcoin review
Chancellor aims to make London a global centre for digital currencies
Salmond hammered over lack of ‘Plan B’ for Scottish currency
Yes campaign leader criticised over currency stance in live TV debate on August 5
Spot volume retracts by one-third
Central bank surveys published on July 28, and public monthly data from EBS, Thomson Reuters and Hotspot highlight the decline
One last look at last look
Jacob Loveless, New York-based chief executive of FX technology firm Lucera, weighs into the debate over last look practices, which have come under scrutiny in recent weeks
‘Artificial’ FX prime brokerage prices on the rise
Following a pullback from FXPB by some banks, prices are rising to reflect increasing capital requirements and CLS fees
FX volumes up over six months, but down year on year
Spot and options turnover down significantly on April 2013, and are the main contributors to falling market volume
Pencil in a year-end parity party
Relative growth, commodity prices and valuation favour further declines in the cross, despite post-RBNZ knee-jerk spike