Trading
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
Nex Group’s Knott untangles banks’ trade challenges
Post-trade business reorganises with a focus on cost cutting and simplification
Range-bound market is sticking around – SEB
But a big downward move is probably coming for the dollar
GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21
BIS releases final version of GCC
The BIS’s FXWG, led by Guy Debelle, releases the document containing 55 principles for good conduct in FX markets
Euro set to shine as dollar wobbles – LCG
Evaporation of pressing political risks in wake of French election opens the way for the euro to head towards $1.15
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
Nex launches new JPY benchmark and teams up with FFAJ
Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan
Bafin toughens rules on CFDs
New directive for August 10 requires implementation of negative balance protection for CFD products in Germany
Euro could make a charge at $1.13 in the summer – IGM
But only if ECB president Mario Draghi turns hawkish and details of QE exit are revealed
Thomson Reuters Matching celebrates 25-year birthday
The first electronic broking platform was born on April 29, 1992
BNY Mellon looks to re-enter FX prime brokerage, say sources
FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
Sucden Financial launches OTC options tool for FX
Broker partners SuperDerivatives to provide clients with pricing tool and independent data
INTL FCStone launches cross-border payments intelligence portal
Global Payments Network aims to give clients actionable news and analysis from local markets
Sterling isn't out of the woods yet – SEB
GBP/USD expected to trade at 1.25 in Q3 2017, and at 1.23 by the first half of 2018
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis