Trading
Brazilian central bank to sell dollars outright for first time since 2009
It remains committed to floating currency regime
FX volatility rouses from hibernation
Volatility picks up on back of fluctuating US-China trade tensions and central bank easing
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri
Asia awaits term SOFR solution for local benchmarks
Singapore, Thailand and the Philippines look at ways to replace Libor in benchmark calculations
Standard Chartered fares best in mixed Q2 European Ficc results
Client activity remains muted as low volatility and geopolitical uncertainties weigh on sentiment
Shekel’s strength clouds Bank of Israel’s inflation outlook
Economists ponder whether central bank actions contribute to lower prices and what priorities it should consider in the near future
ECB to assess Croatian banks in euro membership prep
Croatia could join the eurozone by 2024
Trading volumes fall on most ECNs in July
FXSpotstream bucked the trend with yet another year-on-year increase
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
US Treasury designates China a currency manipulator
Renminbi crosses barrier of seven yuan per US dollar amid growing trade tensions on August 5
PBoC vows to keep renminbi stable
Central bank governor says yuan at appropriate level after breaking 7:1 against US dollar
Turkey increases reserve requirements on FX deposits
Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
BNPP launches hybrid NDF algos as electronic trading matures
Launch of BNP Paribas’s algos follows fast-growing demand for NDFs
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance
Potamus looks to new asset classes, including currencies
HFT firm sees US equities platform grow in past year and views outsourced trading as another area for expansion
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Fed cuts rates and halts balance sheet reduction
Decision sees hawkish dissents from Kansas and Boston Fed presidents Esther George and Eric Rosengren
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels