Trading
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Sterling has further to fall – ABN Amro
Following action by the BoE and with more negative data on the economy expected, sterling is likely to hit 1.20 by the year end
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
FXTM expands to South Africa after regulatory approval
Cyprus-based retail broker sees potential for new customers
Westpac tops forecast table on stronger dollar call
Australian bank sees markets focusing on central bank action once again
FX volumes rise, but UK loses year-on-year
North America is booming, but the UK performs worse than in April 2015
Plea bargain may be an option for the HSBC two
But the maximum prison sentence for Johnson and Scott, if they are found guilty, could be 30 years
ACI Dealing Simulation course takes place on August 31
The four-day residential event will run in Stamford, Connecticut
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
Kantox sees $100 million of trades since API launch
This increases the total worth of transactions on the platform to $3.2 billion since 2011
GSX and Deutsche Borse give exposure to bitcoin
The firms will list an exchange-traded instrument, giving public markets more access to the digital currency
Ficc revenues surge for US banks
The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers
FX benchmarks: everyone's a loser, baby
HSBC case highlights the inherent conflict of interest created by point-in-time benchmarks, says currency consultant
North American FX volumes move up
Average daily volumes increase in the US and Canada, but there's some way to go before they hit 2014's numbers
Edgewater hires Wood to lead EM expansion
John Wood has more than 20 years' experience in African currencies and emerging markets
Policy divergence to remain a theme for two more years
Some currency pairs could go lower if the Fed's hopes for a rate increase materialise, says Wells Fargo analyst
Scott faces extradition to US
The Department of Justice wants the former HSBC trader to face charges on US soil
HSBC's Johnson is released on $1 million bond
Mark Johnson, banned from leaving the US, puts up $300,000 and his house to meet bail
75% of buy side to use algos in a couple of years, participants say
Best execution requirements and liquidity conditions will drive adoption, according to a survey by Greenwich Associates
DMALink and ADS seal FXPB clearing deal
The platform's clients will gain access to sustainable credit and clearing services
XTX hires in Singapore, joins Broadway liquidity network
Chan Wai Kin joins from Morgan Stanley