Trading
FXCM discloses data for global market failure event
Retail broker blasts SNB and liquidity providers, highlighting lack of circuit breakers
FXCM issues not a US problem, says Massad
The US regulator points the finger of blame at affiliates outside US jurisdiction for making the retail broker's Swiss franc losses worse than they could have been
Deutsche Bank expects EUR/USD parity by end 2015
ECB's QE and negative rates fuel capital outflows, which will weigh on the single currency in the foreseeable future
Buy side seeks alternative ways of handling large orders
Due to the unwillingness of banks to handle larger buy-side orders and the changing structure of the WM/Reuters benchmark
Prime brokers raise capital requirements
Minimum requirements for balance-sheet size upped to as much as $50 million
Barclays wins with positive view on US economy
Declining oil prices should boost US domestic consumption and in turn lead to further dollar gains
FX fines could exceed $7.5 billion
Fines from regulators, as well as civil litigation in the US and events since January 15, are taking their toll on the FX industry
Renminbi set to recover losses against dollar
The central bank is likely to announce further cuts to bring more liquidity into the economy as it announces a lower GDP target for this year
Standard Chartered sees strong FX volume growth
But growth is offset by margin compression; fellow UK bank Barclays ups war chest for FX investigation to £1.25 billion
EBS volumes tick lower in February
Platform sees lower flows in the second month of the year after stellar start
Nasdaq eyes rolling spot to capture FX share
The US firm is the latest exchange to move into FX as it targets customers who do not take physical currency delivery
FX funds in the black for seven months in a row
The Parker FX Index registered a seventh-consecutive month of positive returns, with 2.71% for January
CME price limits caught out by Swiss franc surge
Exchange bins month-old rule after it leads to huge spot-futures basis
Cable view pushes City Index to the top
Forecast for drop in GBP/USD was backed by declining oil prices and low inflation in the UK
RBC becomes EBS Direct's first Canadian liquidity provider
Addition of RBC will boost platform's share of Commonwealth currencies, EBS says
Emerging markets will be resilient in the face of US rate hike
Strong dollar and low oil prices will benefit countries such as Turkey, China and Hungary
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
Buy-side grapples with fix fee puzzle
Panelists at the 8th FX Invest Europe conference discuss benchmarks, last look and changing industry dynamics
RBS suspends two more in FX
The bank has moved to suspend two senior employees in London
FEMR responses show split on last look debate
Market participants are split on how and if last look practices should be regulated
Spreads widen as liquidity worsens in FX
Executing large orders can be as much as 25–30% more expensive as banks pull out of risk warehousing
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Currency manager calls for Swiss franc liquidity inquest
The collapse of foreign exchange liquidity during and after the huge Swiss franc move on January 15 caught market participants by surprise. Some are calling for an official enquiry
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today