Trading
FCA: TCA ‘unlikely’ to fall under research
Third-party transaction cost analysis fees will be difficult to include in the spread if they do not count as research costs
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
Algos to blame for 2015 Swiss volatility
Bank of England staff paper analyses Swiss franc event of January 2015 and concludes algorithms were consumers of liquidity overall
Ficc revenues tank at US banks
Revenues were dampened by low volatility throughout most of 2017, among other factors
IA calls for more last look disclosures
Investment Association says venues must take more responsibility for monitoring behaviour and LP adherence to FX Global Code
FastMatch revenues show strong growth
FX trading platform contributes 7.2 million euros in revenues to parent Euronext in less than five months
Markets may be underpricing Brexit risk
‘We don’t see a situation where the UK is going to come out of this with a favourable deal’ – Mizuho currency strategist Sireen Harajli
Bank G10 FX revenues at lowest since 2006 – Coalition
G10 FX revenues continued their decline in 2017 to levels not seen in more than a decade
Market participants call for more TCA disclosures
The cost of TCA is negotiable, but the billing method should be disclosed, says one market participant
European corporate FX losses highest since 2015 – report
Number of European firms reporting negative currency effects in third-quarter earning calls also rises
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
CLS launches FX forecasting tool
The new data product will give market participants indications of future price moves, based on CLS historical data
Russell Investments calls on peers to commit to FX Code
Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards
China launches CNY/THB on CFETS
Moving interbank trading in the pair to onshore markets aims to support initiatives such as Belt and Road
Blockchain-based tool offered by smartTrade
Clients will be able to subscribe to the new service and access it through an open API
UK PM opens London-China FX link with R5
During state visit to China, Theresa May announces the link allowing Chinese banks to trade FX offshore is live
TCA will increase fragmentation, says Sinclair
Execution spreads across more secondary venues as algos seek platforms with least signalling risk, says white paper by MarketFactory
Sigelbaum joins TR to lead FXall
Jill Sigelbaum replaces John Cooley, who left Thomson Reuters in November
Integral expands market data service to 14 cryptocurrencies
Financial technology firm hopes to provide a more accurate reference price for major cryptocurrencies