Trading
USD/BRL on the move in expectation of government change
Projections still see currency weakening against the dollar as the market keeps one eye on presidential elections next month
RMB cash management in limbo as market awaits PBoC guidelines
Banks eager to offer two-way sweeping accounts throughout China, but rules not in place
FXCM scraps dealing desk following FCA review
Lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30
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
Sterling set for instant 5% fall if Scotland votes Yes
Market still sees independence as unlikely, but participants buying sterling protection
Taiwan fixing could fragment offshore renminbi liquidity
Latest CNH fixing will be a boon for Taiwan’s derivatives market, but concerns have emerged over the potential silo-isation of the renminbi market
BBVA wins with upbeat dollar view
Bank forecasts marginal gains for USD, driven by positive US economic data
Regulators missing the elephant in the room
The changes happening in the FX market have woken banks to credit risks they were previously unexposed to
UniCredit hires senior FX options trader
Peter Billington joins UniCredit under Nick Gentle
EUR/USD may hit parity as dollar shows signs of life
Having survived the best part of the year without a particular trend to follow, investment firms are seeing light at the end of the tunnel
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
CFTC's FXPB reporting rules add to regulatory confusion
CFTC reporting rules, introduced 18 months ago, force FX prime brokers to take evasive action while awaiting clarity
Europe doubles RMB transactions with Greater China in one year
European hubs fuel renminbi usage with 10% share of global payments
Clients switch off dealers using aggressive last-look strategies
Market-makers using aggressive last-look strategies face backlash from buy side
Russian banks face struggle to access credit and PB
Sanctions have reduced Russian banks' ability to trade in wholesale markets, but CLS's plans remain on track
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
Subdued US yields drive Wells Fargo to the top
US Fed's gradual tapering keeps US Treasury yields subdued
Banks set to charge for fix execution
Mid-price execution looks set to become a thing of the past as banks mull over changing benchmark order management
SG closes London G-10 trading, builds agency presence
French bank considers restructuring FX business and moves towards an agency-execution model with fully-owned brokerage Newedge
JCI Capital bucks trend with Ucits fund launch
"We never get too excited, we never get depressed," says Giovanni Pozzi, partner and head of FX at JCI Capital, despite continued negative returns measured by the Parker FX Index in June
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