Trading
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
KCG launches direct-to-client market-making service Acknowledge
KCG will publish Acknowledge execution protocols on its website for all asset classes, marking the first time a single-broker liquidity provider has provided this level of transparency
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Bloomberg and Traiana to streamline FX options process
The two companies will develop a straight-through post-trade processing solution for FX options
BNY Mellon expands global payment infrastructure
Clients can use account balances in one currency to instruct payments in other currencies
FXCM fined $843,000 by CFTC
The CFTC says FXCM failed to report fraudulent activities of FX pool Revelation Forex Fund
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS market committee chair Guy Debelle says work on the new global code of conduct will focus on plugging the gaps in the existing codes
Pragma selects smartTrade's LiquidityFX platform
The deal brings FX liquidity aggregation from a wide range of providers to Pragma's customers
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
LMAX is the UK's sixth fastest-growing tech company
For the third year in a row, the platform features on the Sunday Times' Tech Track 100 table
Strong dollar pushes Wells Fargo to the top
The US bank says Fed liftoff is still likely in September, despite market turmoil. It sees parity in EUR/USD before the end of 2016
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
X Markets Trading will be synonymous with quality, says CEO
The flow-handling and technology company comes up with solutions to meet the risk-warehousing and technology needs of banks
Trading volumes surge in August
FX trading platforms see rising volumes in August as the return of volatility spurs activity
Peaking reserves herald bad news for EUR/USD
Declining global reserves will push EUR/USD lower, but the dollar should benefit from the switch in reserve manager behaviour
More surveillance needed to cut conduct risk, says Greenwich
Shifts in the way regulators view dealer-client relationships are increasing the risk of conduct penalties
China FX forwards move prompts questions over government motives
Reports that China will require banks trading FX forwards to deposit USD with the PBoC spark debate over whether the move is structural or an emergency measure to halt outflows
Currency funds back in the black in July
FX funds returned to profit in July as the Fed's upbeat outlook sparked speculation of a rate hike this year
Strong euro view gives CMC Markets a clear win
Growing concerns about China push the euro higher and lift the UK-based financial derivatives dealer to the top of the table
The euro: safe haven at last?
The euro has strengthened to its highest level since January, undermining the ECB's weak euro strategy and sparking a debate among FX strategists on whether the common currency should be considered a safe haven
Malaysia and Thailand ink 'milestone' settlement deal
Asean economies aim to settle more trade and investment in local currencies. The initiative will reduce ‘exposure to volatility of global settlement currencies' and business costs
PBoC sets daily renminbi fix at four-year low
The Central bank's move comes two days after China's premier said the currency was at an ‘equilibrium'; one analyst expects ‘more depreciation down the road'
China's premier says renminbi at ‘equilibrium’
Li Keqiang plays down the risk of further renminbi depreciation, vowing it will be ‘kept basically stable' at the prevailing rate in a move that may offer relief to hard-hit emerging market currencies
Markit to acquire DealHub
The acquisition will enable Markit to offer customers a comprehensive FX solution