Trading
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
China Construction Bank set to become London renminbi clearer
Announcement due during Chinese premier's UK visit next week
LCH.Clearnet gains Emir approval
Clearer given the go-ahead by Bank of England
CRT Capital shuts FX agency desk
CFTC regulations and prime broker conservatism over them have led to the intermediary's closure, according to its FX head
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…
FX Focus - Sef volumes still struggling
Sef volumes are struggling to get off the ground as the industry waits for trading options and NDFs via a Sef to become mandatory. Can smaller Sefs survive this barren patch? By Michael Watt
FX Focus - Editor's Letter
Sef equivalency problems point to wider trust issues among regulators
FX Focus - Is Sef equivalency still solvable?
Negotiations for an equivalency system to allow European platforms to offer Sef-like liquidity to US persons fell apart in mid-May. Participants blame CFTC intransigence and warn of permanent fragmentation of the market. Can a solution still be found?…
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
City Index on the money with ECB timing
City Index took a less dovish view on EUR/USD than consensus forecasts for the three months to June
Lloyds reinstates suspended trader
Martin Chantree cleared by internal investigation
Morgan Stanley cuts two in FX sales
Staff leave sales team at Morgan Stanley
Sef equivalency "back to square one" as CFTC takes hard line
WMBA’s Clark worries for future of equivalency regimes
World Cup set to "shut down" LatAm markets
FX markets are set to take an early summer break as the football tournament turns participants' heads away from the trading floor
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
ECB cut could bring back the carry
A rate cut and negative deposit rates from the ECB could bring back the popularity of the carry trade, strategists say
Price Markets launches Solid FX ECN platform
Both via GUI and API
Barclays cuts eight in FX sales, one in structuring
Senior departures in FX sales
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014
Fluent launches PB risk management solution
Product aims to solve the problem faced by prime broker banks lacking adequate pre-trade risk management systems
Norges Bank poised to complete shift from FX buyer to seller before year's end
Norwegian central bank sends strong signal it will make no foreign exchange purchases this year; analysts predict it to make ‘symbolic shift' to net-seller in Q4
Dealers still dominate activity in complex FX instruments- BIS
Findings contrast with latest Triennial Survey flagging non-dealer market participants as key drivers of growth
Saxo Bank wins with subdued euro view
Saxo Bank wins with one-month EUR/USD forecast