Trading
Spot FX cannot accept lower standards of behaviour
Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act
More co-operation to come between banks and NBLPs
As liquidity providers increasingly split into the two extremes of risk appetite in both the bank and non-bank liquidity space
Transparency around algos to grow next year, according to panellists
The goal is that customers understand the tool; TCA an important part of the learning process
The harder the Brexit, the harder sterling will fall
Panellists at FX Week Europe say the UK currency's troubles are far from over
Macroeconomic impact of Trump presidency still questionable
Global markets reacted with euphoria in the wake of the US election, but real economy repercussions may be less positive
Invast partners XTX to allow non-PB clients NBLP access
It's a new era, says Invast chief Gavin White on the partnership
FCA warns firms to heed findings as it ends FX remediation scheme
The UK Financial Conduct Authority has concluded the FX remediation programme it launched in 2014, stating it has observed improvements
TD Securities: Trump stimulus may give dollar short-term boost
But if the fiscal package benefits mostly the rich, the greenback could lose in the long run as GDP might take a hit
BlueCrest sheds traders as it winds down FX vol business
It is believed the decision stems from losses incurred by its foreign exchange business
Acquisition of CFH set to go through on November 30
UK gaming and financial technology provider Playtech is set to buy CFH in a deal worth up to $120 million
Renminbi's share of trade finance slips
Euro overtakes the redback, but all currencies fall in value, according to Swift
BNP Paribas: market pricing in too few Fed rates hikes
The French bank expects dollar strength to be boosted by Donald Trump's election to the White House
ICBC first Chinese bank to use Thomson Reuters' Electronic Trading
TR’s FX solution will make it easier for ICBC to quote prices to its customers throughout Asia
FCA: asset managers need to improve cost control in FX
UK regulator's interim findings on asset management highlight the need for more transparency
Ringgit NDF market collapses after central bank curbs
"Implicit threat" to banks active onshore if they continue trading non-deliverable forwards
FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
TriReduce expands compression to emerging markets
Mounting cost pressures are increasing appetite for the service
360T eyes Clob rollout in Q1 2017
FX over-the-counter clearing likely to follow a year later
Saxo Bank gives PB clients cross-collateralisation tool
Prime broker customers will be able to use a single pool of collateral across London, New York and Tokyo
Rabobank: cable volatility here to stay, even with soft Brexit
Jane Foley, head of FX strategy, holds a cable view for 2017 of $1.20 and $1.19 for Q1 and Q4, respectively
Platforms and LPs welcome surge of activity
The outcome of the US presidential race is an early Christmas present for platforms printing new records
FX contracts in OTC derivatives soar to record high
FX instruments, as a share of all over-the-counter derivatives, rise from 12% in 2013 to 16% this year
Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges