Trading
Cboe FX unveils new relationship trading platform
Market participants can source top liquidity directly with no fees on Cboe FX Point
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Strong dollar weighing on trade, says BIS
Advanced-economy monetary policy may have made the problem worse
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Tradepoint’s ‘all-you-can-eat’ pricing model challenges FX algo market
Fixed-fee for unlimited usage lets clients design algos or pick from existing ones that mimic established offerings
Want to catch misbehaviour? Watch the electronic chat
“It’s amazing how many people have arguments on chat” – BNP surveillance executive
European Commission fines five banks €1.07 billion for FX rigging
Cartel members co-ordinated trading strategies and exchanged client information
Not random and not a forest: black-box ML turns white
UBS tackles problem of optimal order placement in FX smart order router with machine learning
Industry pushes back on Citi’s FXPB cost claims
Rivals question apex brokerage’s calls for executing brokers to make up mispricing shortfalls caused by incoming rules
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
Venezuela to adopt more flexible exchange rate
Liberalisation and US sanctions on oil industry likely to boost inflation, say analysts
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
Mosaic to bring real-time performance analytics to FX
Platform will be in production with a major client in third quarter
‘New normal’ sees FX volatility remain muted
Dovish stance of major central banks means volatility unlikely to pick up significantly
Argentine peso plummets as political risk rises
Rising inflation and recession increase popularity of former president Cristina Kirchner
Bank of Jamaica should reduce FX ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
Renminbi trading in London increased nearly 50% in 2018
London consolidates its place as a centre of RMB trading as the internationalisation of the Chinese currency gathers pace
LCH plans major FX clearing expansion
CCP to tackle cash-settled options, deliverable swaps and standalone service for deliverable forwards