Trading
USD/CNY will be the next EUR/USD, say traders
When China’s capital markets are fully open, the impact of the renminbi on FX markets will be immense
Insight Investment wary of banks’ last-look claims
Buy side should “team up” in bid for more forex transparency, argues senior trader
Tradepoint onboards 10 streaming NDF providers for broken dates
The firm sees greater use of algos to trade NDFs in increasingly electronified market
Singapore’s e-FX strategy blossoms as Apac competition heats up
Euronext FX launches matching and pricing engine today, while JP Morgan is latest to announce plans in the city-state
Dominican Republic sells dollars to support peso
Dominican currency has been one of the stronger performers in the region
BoE paper examines exchange rate return distribution tails
Authors look to understand exchange rate risk in global cycle
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
BIS: FX volumes rise to $6.6 trillion, London trading soars
While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up
BoE’s Hauser urges firms to adapt to FX market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
BNPP enhances Cortex with on-the-fly controls and personal assistant
French bank brings SDP into new era with suite of interactive trading controls
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Eurex to launch cross-currency swap clearing ‘within weeks’
Clearing service will target dealer-to-dealer trades before later rolling out to clients
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
Goldman Sachs to revive FX desk in Sydney
Superannuation fund growth attracts the bank, as Australia and New Zealand clients represent increasing proportion of regional FX flows
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Markets look for yuan to reach 7.50 amid rising trade tensions
Scaling up of tariffs could weaken the renminbi further, say panellists at FX Week Asia conference
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Argentina reimposes currency controls as peso plummets
Authorities aim to stem depreciation of peso, which has fallen 23.9% against dollar since August 11
No noticeable fund outflows amid protests – HKMA
Exchange Fund sufficient to back currency in case of capital outflows, central bank says
FX class action could run into billions – UK class representative
Given London’s share of the FX market, the damages sought could be greater than those received in the US
Argentine governor rules out holding peso at unsustainable level
Guido Sandleris reaffirms commitment to tight monetary policy to tame inflation
Carney warns Germany and France of Brexit derivatives cliff edge
Bank of England governor says it is in “interest” of EU countries to ensure full viability of financial contacts ahead of Brexit
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates