Volatility
Bank G10 FX revenues at lowest since 2006 – Coalition
G10 FX revenues continued their decline in 2017 to levels not seen in more than a decade
China’s FX reserves rise for twelfth month
PBoC figures show $21.5 billion increase, bringing total reserves stockpile to highest level since September 2016
BIS: central banks must act on cryptocurrencies
Agustin Carstens warns against proliferation of cryptocurrencies without regulatory framework
Integral expands market data service to 14 cryptocurrencies
Financial technology firm hopes to provide a more accurate reference price for major cryptocurrencies
Room for further cable gains, Wells Fargo says
US bank sees GBP/USD trading at $1.37 in three months' time and at $1.41 in 12 months
Bogucki plans to fight fraud charges in California
Former Barclays FX head returns ‘not guilty’ plea during arraignment at Brooklyn court
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
Barclays sees renewed momentum and innovation in 2018
Mifid II and Global Code give FX market the impetus to improve transparency and efficiency
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
Pragma calls for flash crash definition
Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
CFTC approves CME and Cboe bitcoin futures
But warns investors it has limited statutory authority over the underlying cash markets and exchanges for bitcoin, which are largely unregulated
BitFlyer launches US-based platform
BitFlyer USA is designed for professionals trading $100,000-plus in virtual currency each month
Convergence could ignite volatility, says TD Securities
As convergence of macroeconomic conditions gathers pace in 2018, rotation of capital will favour non-dollar assets
Oh swaps Mizuho for BNP Paribas
FX options specialist will focus on expanding the French bank’s Latin America footprint
CME to launch bitcoin futures
Pending regulatory approval, the cryptocurrency will become available on the world’s largest derivatives exchange operator by the year-end
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Cairn treasurer denies knowing HSBC would pre-hedge order
Yet neither the corporate nor its adviser instructed the bank how to deal with the $3.5 billion order
FX market braces for Brexit night
As Britons head to the voting booths to decide the future of the UK, all eyes are on sterling pairs
Policy divergence is biggest macro risk – reserve managers
Survey of central banks shows monetary policy, negative rates and China are top concerns
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
G10 implied volatility hovers at extreme lows
Lowest levels since January 15 suggest investors are expecting a quiet summer
How volatility eats itself and why everyone should care
Helen Thomas, author of popular financial blog Blonde Money (http://blondemoney.co.uk/helen-thomas/) says the market is set for a serious pick-up in volatility
What will revive fallow FX?
In more than 40 years since the collapse of the Bretton Woods system, rarely has FX volatility been so low. IG's Patrick Foot examines current conditions