Trading
BoE drops Libor for hedging UK FX reserves
Central bank adopts Sonia in Treasury swap programme, consults on restrictions for Libor collateral
Rupiah stability in focus as Indonesia eases requirements
Central bank likely to wait for Fed’s rate decision before cutting main rate
Zimbabwe’s ‘mono-currency’ move triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
The global FX problem demanding a local solution
Andrew Wood, business development manager at CMC Institutional, outlines the key considerations for firms seeking a liquidity provider, focusing on the importance of a strong local presence and how a comprehensive understanding of local customs and…
Keeping the robots honest
Human overseers are in short supply in an arena where losses can be crippling within minutes
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
Facebook unveils new ‘currency’
Social media group plans to “reinvent money” with payment system backed by liquid reserves
Crédit Agricole’s head of FX options departs
Andrew Soper leaves French bank to pursue other opportunities
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
ECB: EU must improve capital markets to boost euro as global reserve
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy, says Cœuré
Mexican currency under pressure over ratings downgrades
Fate of sovereign increasingly linked to struggling oil company Pemex
Tradepoint to roll out fixing algo
Trading tech firm plans to introduce in-house fixing algo, captured under its ‘all you can eat’ pricing structure
Three Asian central banks rebuff US claims of currency manipulation
Malaysia, Singapore and Vietnam respond to being placed on US Treasury watchlist
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
Itarle to open New York office, co-locate at CME
Swiss best execution and TCA provider set to open NY office and co-locate with CME
FXPBs over-allocating credit to algo and high-speed trading
Thinly capitalised trading firms are an accident waiting to happen while dealings on multiple venues make credit limits hard to set, claim market participants