Trading
Pressure builds on Denmark as central bank slashes rate
Analysts anticipate the central bank having to cut the deposit rate further, but maintain the peg will survive
Citi takes proactive stance on FX bonuses
Citi's FX traders will lose their cash bonuses if they are let go this year and are seen to have committed misconduct
Gerko to exit GSA and set up market-making business
Head of GSA's market-making team is set to go it alone in July
SNB fallout highlights danger of agency only models
Retail brokers with agency only models suffered steep losses following the SNB decision while principal brokers came out relatively unscathed
Bats won't hike fees on Hotspot, says Concannon
The stock exchange operator is committed to its core low-cost strategy, says Bats Global Markets president Chris Concannon
Prime of prime providers see growth despite SNB fallout
Credit provision to smaller firms is increasingly becoming the domain of PoPs, but the focus will shift to pre-trade risk management
FXCM's dollar prediction lands it on top
From a technical perspective, the firm anticipates a countertrend movement in the US dollar-strengthening path
EBS set to unveil new trading platform
EBS brings together all of its liquidity sources in one integrated trading venue
Denmark cuts rate for third time in 11 days
Danish central bank cuts its deposit rate for the third time since the Swiss National Bank decided to abandon its exchange rate commitment; rate now sits at -0.5%
How to play the stronger dollar
Stephanie Flanders examines the dollar's prospects and the implications of a stronger greenback
Uptick for Thomson Reuters’ volumes
Overall volumes for all transaction types rose to $350 billion, but spot volumes decreased from the previous month
Saxo Bank seeks to recover negative client balances after repricing trades
Group CFO says the bank's priority is to deal with the situation in a "fair way"
Settlement hopes boosted by US court decision
Judge throws out banks' plea to dismiss FX class-action lawsuit, bolstering the likelihood of more settlements
FastMatch volumes drop amid FXCM's difficulties
Institutional clients have become wary of trading on FastMatch following FXCM's $300 million bailout by Leucadia earlier this month
FXCM to forgive 90% of negative balances
US broker will not seek to recover client losses, but will look to recoup money from 10% of customers
Bats Global snaps up Hotspot as it moves into FX
US equity exchange operator buys Hotspot from KCG for $365 million in cash
Moscow Exchange to increase ruble tick size
Alteration follows a recommendation by the Russian exchange's FX market committee in November
October saw FX turnover reach new heights
UK foreign exchange volume rose from $2.4 trillion in April, while FX spot and options were the main winners across jurisdictions
Analysts see volatility but no contagion after Greek vote
The election results are viewed as a mandate to seek a tough renegotiation of the bailout, but strategists still consider a worst-case scenario unlikely
Barclays attempted to cancel Swiss franc trades
EUR/CHF trades executed with Barclays are being negotiated between bank and buy-side counterparties after the British firm looked to cancel some FX trades following events on January 15
Hungary and Poland resilient to SNB action
Despite FX exposure to CHF in Hungary and Poland, the region is safe against exchange-rate swings
Further euro weakness expected after ECB announcement
The open-ended programme could lead to EUR/USD trading at 1.09 by the year end, say strategists
SNB fallout claims hedge fund victims
Macro funds from London to New York have been knocked out by the SNB's decision to call time on its EUR/CHF currency floor
CFTC wants Dodd-Frank regulation for retail FX
The US regulator has taken a tough stance on retail FX following the fallout from the SNB's currency floor removal on January 15