Trading
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
Dealers slam ‘nonsensical’ treatment of FX derivatives
Proposal on US swap dealer threshold rekindles debate on definition of NDFs and window forwards
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
FMSB publishes Ficc standards
The 12 core principles set out in the final standard outline expected conduct during new bond issuances
CLS rolls out monitoring tool for asset managers
Market participants gain real-time view of the trades they submit to CLS
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
PRA chief sends ‘Dear CEO’ letter on crypto
Regulator warns of financial and reputational risks that exposure to such assets could have on their firm
BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange
Cobalt unveils credit-management platform
Credit providers can see exposures in real time
HC Tech: it’s time to speak up
Recent industry survey shows HC Tech is biggest liquidity provider in US by market share
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Northern Trust partners Lumint for FX solutions
The partnership supports further innovations in hedging programme management and analytics
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
Mark Johnson’s attorneys point to Isda agreement in appeal
“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
NDF nightmare: banks seek fix for benchmark ‘mess’
European firms face being barred from using three Asian fixings from 2020, raising concerns about legacy trades
Thomson Reuters expands crypto sentiment data feed
Cryptocurrency sentiment package monitors more than 2,000 global news and 800 social media sites in real time
Active traders were stabilisers during FX shocks, says think-tank
The three largest currency moves of the past 20 years give insight into trading behaviour across segments, says JP Morgan Chase Institute
INTL FCStone rolls out e-platform for frontier units
Platform to streamline price discovery of exotic currencies through more electronic process
FX volumes rise in May
Trading platforms continue positive trend that started at the beginning of the year