Trading
OTC market fragmentation rises in wake of Sef trading
Isda research highlights split between US and Europe in swaps trading
FX market doldrums hit Credit Suisse earnings
Private banking unit at Swiss bank struggles amid low FX volatility
UK SFO confirms FX investigation launch
SFO becomes the latest authority to join the probe into alleged collusion in FX markets
SuperDerivatives queries Sef RFQ rules
Tech vendor seeks clarity on chat room trading protocols from CFTC
FX industry needs technology innovation not regulation
LMAX Exchange, TraderTools and SmartTrade discuss the benchmark investigation and its impact on current market activity
Icap revenue falls amid "difficult" market conditions
EBS Market volumes continue to decline as firm begins cost-cutting measures
FSB seeks consultation on FX benchmark review
FSB to assess suitability of FX benchmark reforms
E-FX initiative of the year: ParFX
ParFX scoops best e-FX initiative of the year
Best professional e-trading venue: KCG Hotspot
KCG Hotspot wins best professional e-trading venue category
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Last look orders come under scrutiny
Banks engaged in "unfair liquidity provision" that could turn into next FX scandal
FCA seeks input on wholesale financial markets competition review
Industry to have its say on competition review
RMB-ready exporters have edge as Chinese trade links grow
Chinese firms prefer foreign corporates with RMB experience
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
RMB exchange-rate freedom for Chinese banks
Chinese central bank also widens RMB trading band
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
Trend-following strategies will bounce back – academics
Returns drop in post-crisis situations, but positive overall
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
LCH.Clearnet gains Emir approval
Clearer given the go-ahead by Bank of England
FX Focus - Banks fear Sef arbitrageurs
Some banks are scared to make prices on platforms offering both order book and request-for-quote trading, claiming users may be able to game them by using the two approaches in conjunction, with the result that dealers stop being 24-7 liquidity providers…