Trading
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
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Stater to withdraw from prime-of-prime
Launched in 2016, Stater Global Markets has focused on smaller hedge funds and retail brokers
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Trump administration proposes new rules to punish currency manipulators
Move would let US pursue more aggressive trade policy measures
Harsher rules expected for Australian brokers for margin FX and CFDs
Having an Australian Financial Services licence continues to be an attractive proposition, but they’re hard to get
Austria imposes permanent restrictions on CFDs, bans binary options
In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others
Cboe FX unveils new relationship trading platform
Market participants can source top liquidity directly with no fees on Cboe FX Point