Trading
EM currencies to appreciate against dollar, says Wells Fargo
Emerging markets units could firm up as greenback experiences trend weakness
Lacklustre dollar will help EUR/USD climb – CBA
EUR/USD is expected to trade at $1.20 by mid-2018 and hit $1.30 on a longer time horizon
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
IMF warns China over limited progress on reform
Fund notes the challenges posed by the “impossible trinity” are becoming apparent and need to be addressed
FX forwards users drop EU banks over margin rule
Other dealers do not have to collect margin on physically settled forwards
In the long run, it's euro over dollars, says UBS
The dollar could see some short-term rebound, but over a longer time horizon the single currency has the better prospects
Saxo Bank CEO Kim Fournais: The technology artist
For 25 years, Saxo Bank has been introducing new trading technologies, thanks to Kim Fournais, its CEO
Cartledge: Direct is moving to single-ticket execution
“We don’t know if the order is for the full amount or not, so we don’t want to call it full-amount trading," says Cartledge
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
FX e-trading near saturation, says Greenwich
But the next stage in the success story is due, the financial consultancy says
Giancarlo confirmed as CFTC chairman
US Senate also confirms two commissioners
ING launches EM-USD indices on Bloomberg
The indices are tradeable benchmarks covering 12 emerging market currencies
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
EBS FX Benchmarks are a unique proposition, says Taylor
Usage scenarios could include benchmark replication, portfolio management and structured products, says Nex Data MD
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Euro bull run is far from over – Danske Bank
EUR/USD expected to trade at $1.22 by H1 2018
London FX trading at three-year high, despite Brexit
Turnover hits daily average of $2.44trn in April, 12% higher than in October 2016 and up 10% on a year ago – Bank of England
FCA warns on currency converter tools
UK watchdog follows up on investigation into payment institutions and their use of interbank rate in online tools
CME moves to build liquidity in new FX futures contracts
The firm is switching on implied functionality to link spreads and outright markets
Brexit economics keep Morgan Stanley bullish on cable
Strategists encouraged by Prime Minister May’s bridge-building with corporate Britain, among other things