Trading
ECN volumes slide in becalmed FX markets
Subdued volatility appears to be weighing on trading activity
HKMA interventions may help open new USD/HKD carry trades
Repeated defences of peg should keep HK dollar weak; it could be used to buy assets in currencies other than US dollar
Where prosecutors stumbled in Bogucki and Cartel cases
Courtroom losses suggest failure to read the FX industry correctly before jumping into action
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
CFH Clearing promotes Groves to head of European sales
Paul Groves tapped to lead growing sales team in European push
How Brexit is set to muddy Mifid transparency data
Market participants say duplicate reports in UK and EU will result in misleading public data
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo
Big banks reproach CCP risk panels as resentment surfaces
Emotions simmer as major banks insist committees listen harder to clearing members, in wake of green light for bitcoin futures
CBOE pulls plug on bitcoin futures trading
First mainstream exchange to offer bitcoin futures calls halt as it reviews approach to crypto
Stater Global Markets partners oneZero
The prime-of-prime broker gains access to a network of 200 market-makers and takers
CME Group gets Dutch approval for Amsterdam entity
Some businesses will transition to CME Amsterdam BV to keep serving EU27 clients
Citi sets up pricing engine in Singapore
Move by US bank consolidates city-state’s position
Barclays launches new algo on Barx platform
Barx Peg offers access to the bank’s franchise liquidity pools
Capitolis onboards more than 20 firms to FX novation service
Platform live and novating FX options for market participants, with more instruments to follow
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Banks call for third-country benchmark fix as EC delays BMR
Two-year delay may open the door for rethink on local legal representation requirements and recognition options
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
Refinitiv to keep Klibor contract with Bank Negara Malaysia
The firm will continue to administer the country’s interest rate benchmark
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates ongoing co-operation, “whatever form” Brexit takes
The ‘Cartel’ three: not guilty, but still paying a penalty
Despite their acquittal, the former FX traders face obstacles in trying to rebuild their careers – meaning the DoJ didn’t fail, says one expert
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”