Trading
Caxton launches multicurrency account for SMEs
The new service provides access to 34 currencies with a single IBAN number
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
Thomson Reuters expands 25ms binary data feed to 15 more pairs
A total of 18 currency pairs are now eligible for the feed
Investors’ taste for EM depends on central bank actions – ABN Amro
How major central banks undertake monetary policies will determine whether some emerging market currencies can thrive
Saxo Capital Markets exits CFD lobbying group and sides with FCA
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products
Thomson Reuters partners Symphony to take on Bloomberg
The partnership aims to create seamless integration of powerful communication and collaboration capabilities across markets
Banks turn to synthetic derivatives to cut initial margin
Options-based instruments can halve initial margin for some non-cleared products, say dealers
Monex Europe: muted sterling reaction after UK hung parliament no surprise
With a new government more likely to go for a softer Brexit, the lack of a big sell-off is nothing shocking, says broker
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Oanda expands partnership with TradingView
Building on the integration of TradingView’s advanced charting solution with Oanda’s fxTrade web and desktop platforms
Just six banks caught by phase two of IM regime
Four EU, one Japanese and one Australian bank start posting initial margin on non-cleared trades from September
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Broadridge and Spence Johnson join forces
The strategic alliance enables asset managers to analyse retail and institutional data together
Sterling to move higher against dollar, despite election result – CIBC
Despite the hung parliament in the UK, the pound is in a better position than the greenback
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
Yuan surge is unsustainable – Westpac
USD/CNY is expected to trade at 7.00 in Q3, and at 7.20 by the first half of 2018