Trading
NZD slides to four-month low as central bank hints at easing
Kiwi reaches lowest levels since October as the RBNZ suggests a prolonged inflation battle; exchange rate predicted to weaken
Seabury FXone seals product agreement with Spotex
The firms are looking to expand their institutional client base
Banks explore Mosaic platform to help ailing Ficc revenues
The aim is to discover new business opportunities and more valuable clients
London jury acquits Libor brokers of fraud
The former traders were accused of working with Tom Hayes to fix the benchmark
Hotspot launches private liquidity pool tool
Users will be able to create their own customised pools to suit their trading needs
Corporates face 'disaster' on renminbi Tarfs, say traders
Some companies "may run out of cash"; Taiwan regulator said to be looking at new restrictions
ParFX adds Hungarian forint
EUR/HUF and five other currency pairs are now available on the electronic platform
Samsung Securities gains third-party access to CLS
The securities company is the first non-bank financial institution to join CLS in South Korea
Declining spot sinks FX volumes in US
In October, average daily volumes were 26% lower than in the same month of 2014
SocGen hires O'Hara as PB sales director
Formerly of Credit Suisse, John O'Hara will be responsible for promoting Societe Generale's FX prime brokerage offering to hedge funds and institutional investors
Gain Capital takes top spot with close calls
The firm sees the dollar strengthening further
Ruble slides to all-time low
The recent falls in oil prices have dragged the Russian currency with it
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
Q4 Ficc revenues drop for US banks
Firms also experienced falling revenues last year, amid challenging conditions
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January
CMC comes top with stronger dollar calls for 2015
The FX broker does not see the dollar maintaining that strength this year
Dodgy discounts: DVA claims fly in cross-currency market
Funding benefits have helped bring down the cost of cross-currency swaps in the past couple of years, but as competition becomes increasingly cut-throat, traders claim their rivals are offering a dodgier discount – the own-credit effects of debit…
FX trading volumes end 2015 on down note
While FX volumes were generally down, record trading numbers were achieved on exchanges
ACI ramps up education initiative
"Individual accountability is a central facet of the market going forward," says Marshall Bailey, the association's global president
A year after the SNB shock, practitioners are better off
Firms say things have changed for the better since January 15, 2015, but while they believe risks are being priced appropriately, vigilance remains key
FastMatch slashes rates
New fee schedule takes effect on March 1, as the platform aims to double its market share this year
RBI and BIS gain access to China's interbank FX market
Second batch of official investors receive permission to trade FX spot and derivatives onshore; MAS and BoK are among them