Trading
Direct trading kicks off in Australian dollar and Chinese yuan
China allows direct trading between the yuan and Australian dollar to deepen financial links between the two countries and improve price transparency
Swedbank's Bo Sundström looks back on 40 years of FX trading
Bo Sundström is approaching retirement from Swedbank after almost 40 years as an FX spot trader in Stockholm. He talks to Miriam Siers about his experiences
City Index Australia compliance failing investigated
Retail broker set to appoint adviser to resolve weaknesses in compliance with new rules
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Market questions FXCM's $210 million bid for Gain Capital
Market participants divided over how much value Gain Capital really holds for hostile bidder FXCM
Spotlight on: Scott Wacker, JP Morgan
Scott Wacker, head of foreign exchange sales for Europe, the Middle East and Africa at JP Morgan, talks to Robert Mackenzie Smith about how he plans to keep his team evolving
Jefferies embarks on ambitious expansion in FX
Ben Welsh at Jefferies talks about the US investment firm's plans to build its FX offering
Commodity trader CF Partners launches first hedge fund
CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus Asset Management
Market complacency over Korean won ‘staggering’
Traders have been slow to react to heightened tensions between North and South Korea
Dukascopy partners with Forex FS in Australia
White-label agreement gives Forex FS clients access to transparent aggregated data feed
Uncleared margin rules could hold back new CSA adoption
Proposals on the margining of uncleared derivatives trades could dampen take-up of the standard CSA
Chicago Mercantile Exchange offers retail access to futures trading via MetaTrader 5
Margin foreign exchange trading company gains approval to connect to Chicago exchange
Euro bearishness reawakened post-Cyprus
Long euro positions have been unwound following the bailout of Cyprus and many participants now foresee further trouble ahead for the eurozone
Saxo Bank renews focus on e-FX technology after poor 2012 results
Saxo's profits nose-dived last year, due to poor market conditions and a loss of focus. But the retail provider believes the changes it has made have given the business renewed direction
Market divided over standardised approach to algo TCA
The difficulty of comparing transaction cost analysis results across algo products has led to calls for a standardised approach to TCA, but not all agree it is needed
Oanda back to basics as tough rules hit retail market
Margin FX trading provider Oanda is shelving plans to expand into the institutional space and is moving its focus back to retail clients
Reyker adds James Chu and looks to expand retail structured product offerings
Former managing director of Incapital Europe, James Chu, has joined bespoke financial service provider Reyker Securities to head its latest structured product distribution initiative
Brics leaders agree to set up $100 billion ‘financial safety net'
Contingent reserve agreement will allow Brics countries to provide each other financial support and will 'contribute to strengthening the global financial safety net'
AIFM directive unlikely to cause significant changes in Cayman
The Cayman Islands Monetary Authority has opened negotiations with Esma on a co-operation agreement on the EU’s AIFM directive. Separately, its consultation on hedge fund directorships has closed
Tarns gain favour as investors seek to exploit range-bound pairs
Target accrual redemption notes have regained some popularity after losing favour during the crisis, but investors are keeping a firmer eye on the risks, say dealers
Foreign exchange market set for growth in 2013
Drop in global asset correlation and regulation set to favour foreign exchange
Thomson Reuters Dealing expands into Nepal
Vendor reveals that 21 dealers in Nepal are live on its conversational dealing platform
Rolling spot faces inclusion in Dodd-Frank
FX spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so included within the scope of Dodd-Frank
Broader US person definition could cause clearing avalanche, participants warn
A large number of offshore funds could be classified as US persons once a CFTC exemption expires in July, subjecting them to Dodd-Frank transaction-level rules