Trading
PBoC’s Zhou dismisses talk of renminbi devaluation
China’s governor says the country is “opposed” to competitive devaluation and capital outflows are likely to subside
Possibility of global crisis has resurfaced, panellists say
Attention turns from policy normalisation to the threat of global slowdown
UBS reshuffles FXPB ranks
Oh makes his exit, Connolly and Bader take on global co-head roles, and Rosoman moves up
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Marquard takes on strategy role at CLS
He is still general counsel and representative for legal matters to CLS's executive management committee and CLS Group board
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
Goldman's Patel joins XTX Markets
Jigar Patel will head the market-maker's e-commodities business
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Wells Fargo takes top spot with five close calls
The US bank expects another Fed hike towards mid-year
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Volatility to be persistently higher as uncertainty rises
But Goldman Sachs Asset Management's head of international market strategy sees recovery in the global economy
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
Shah leaves exotic options role at Goldman Sachs
Nikki Shah is believed to have left the industry
Banks are not catering to our FX needs, say SMEs
Such barriers may hinder firms from achieving their global expansion aspirations