Trading
DTCC experiences ‘brutal’ start to trade reporting
Trade repository admits it was caught unprepared by reporting at industry conference
US banks benefit as European peers pull back from Ficc
European banks losing out to better capitalised and less regulated US counterparts, according to research
Costs of forex manipulation could be worse than Libor
Probes into current market manipulation are gathering pace, and the findings are expected to be every bit as damaging as those relating to Libor rigging. But they may come with an even bigger price tag. Fiona Maxwell reports
NZD/CNY begins direct trading agreement
The announcement of a direct FX trading relationship between New Zealand and China will lead to improved efficiency, say approved market-makers
Thomson Reuters switches to 25 pip pricing in Russian ruble
Thomson Reuters Matching is increasing minimum tick sizes in the Russian ruble to prevent high-frequency traders from gaming others
FX Focus - Editor's Letter
Can currency managers begin to hope for more returns in 2014?
FX Focus - Alessio de Longis Q&A
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
FX Focus - Currency managers see brighter days ahead for FX markets
Currency managers are attracting more interest from clients as differentials grow between developed-world economies, but patience may still be required in the wait for higher returns
FX Focus - EM currency markets face fragmented 2014
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
ANZ hits the spot with bullish euro view
Forecast wins despite consensus view calling for a sharply lower currency by March
Analytics firms trawl for evidence in fix, proof yet to be found
The trawl for evidence continues as allegations that traders colluded to manipulate benchmark prices remain unproved
Systematic funds may continue to struggle in low-rate environment
Happier times for systematic traders still some time away, says Alessio de Longis
FXall continues to lead FX volume charts
The Thomson Reuters-owned platform has topped the average daily volume table ahead of Matching and EBS for the sixth month in a row
Currency managers report pick-up in investor interest
Buy-side firms are starting to see some opportunities following a decoupling of central bank policy that has in turn sparked client interest in FX markets
Commercial banks set to dominate FX trading yet again
The FX market is heading back to the 1990s as smaller, regional banks make a comeback and take back ground from investment banks
Carney pledges to push BoE FX investigations all the way
Carney pledges to get to the bottom of allegations that BoE condoned market manipulation in FX markets
Gain Capital wins with a technical view on USD/JPY
Gain Capital sees long-term depreciation in the yen and near-term upside in EUR/USD
Fixing scandal could become biggest crisis FX market has faced
Apart from senior traders, the Bank of England has become the first central bank to take action in connection with the global regulatory probe
Three-quarters of FX volumes now executed electronically, say Greenwich Associates
Deutsche Bank, UBS, Citi and Barclays now collectively handle almost half of overall global flows as electronic execution in G-10 hits 79% and 56% in emerging markets currencies
RBS internalisation levels hit 90% in EUR/USD
The Royal Bank of Scotland has revealed details of the extent to which it internalises certain currency pairs, which it claims is a better deal for clients
CLS appoints Ken Harvey as chairman of the board
Harvey will take over from Hartsink later this year as chairman of the board, when Hartsink retires after seven years
ANZ bolsters e-FX team with two senior hires
Davies to head e-FX sales based in Singapore, while Malin will be head of European and US e-FX sales in London
Nick Howard resigns from Barclays
Nick Howard has resigned from Barclays as head of distribution in Emea to pursue other interests
Scott & Scott takes lead in FX manipulation battle
US law firm Scott & Scott will be in charge of co-ordinating a FX class action lawsuit spanning the globe