Trading
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Downtrend in Ficc revenues continues at major banks, Coalition says
Ficc revenues fell 11% in the first half of 2016 and by 33% compared with five years ago
Morgan Stanley: a Fed rate hike would be a policy mistake
The US central bank should hold off from raising interest rates for at least a year
UK could be post-Brexit winner in Asia
The country could negotiate bilateral trade agreements more favourable than those with the EU, panellists say
China may never open capital account fully, panellists say
2020 target for renminbi internationalisation looks remote as China may join countries with asymetric capital accounts instead
FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Spot FX is a ‘bankrupt business’ if economics don’t change
The complexity and choice available to participants has increased at the same time as liquidity provision dynamics have shifted, upending previous business models, panellists say
Buy-side FX trading curbed as margin rules take hold
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
BoE wrong to act so soon – CMC Markets
Despite gloomy consumer confidence data, retail sales rose in July – evidence that data does not support the decision
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Central bank measures are losing the element of surprise
As the Fed holds rates steady this year, G10 currencies are expected to trade flat, says Dominic Bunning, HSBC's senior FX strategist
Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform