Trading
ECB QE programme priced into FX market
The market expects around €500 billion of QE from the ECB, which could result in euro appreciation
Monex Europe expands with Madrid opening
The currency broker opens a new office in Spain in a bid to widen its presence in mainland Europe
AUD/NZD lows will not last
Growth, carry and commodity prices have given the Kiwi the upper hand, but ultimately, the Aussie should gain support from the stabilisation of asset markets and commodity prices
Saxo Bank raises CHF margin to 15%
The Danish broker is preparing for significant FX volatility as the market looks to decisions from the European Central Bank and elections in Greece
Swiss corporates suspend hedging after CHF spike
Swiss corporate treasurers are waiting for volatility to subside before deciding how to hedge exposure to a strengthening franc
Swiss franc fallout will last for months, says buy side
The dearth of FX liquidity will make the unwinding of short Swiss positions a lot harder for the buy-side community to handle
BNP Paribas wins on policy divergence theme
The bank expected the euro and the yen to lose ground against the dollar on the back of the major central banks' policies starting to diverge
Currency markets brace themselves for week of turbulence
The European Central Bank's forthcoming meeting, elections in Greece and the Swiss National Bank's change of tactics point to rising volatility
EUR/CHF stabilises as FX brokers reassure investors
The Swiss central bank removes its 1.20 floor in EUR/CHF, and lowers deposit rates and Libor targets further into negative territory
BGC and CME make further offers for GFI
GFI Group to vote on offers on January 27, as CME Group and BGC Partners continue to battle it out for the US broker's assets
EBS partners SGX to boost Asian FX footprint
Singapore Exchange-listed FX futures are set to be offered on EBS platforms, subject to regulatory approval
Richards joins Morgan Stanley in London
US bank hires Thomas Richards as executive director in FX options, reporting to Thiago Melzer
FX leads the way in buy-side technology spend – Greenwich
Greenwich Associates 2014 Trading-Desk Optimization Study shows FX desks on the buy side have upped their technology spend
Moex FX volumes ticked 52% higher in December
Derivatives and foreign exchange were the most active markets on the Moscow Exchange
LMAX Exchange opens shop in Hong Kong
LMAX Hong Kong is the company's first step in establishing a presence in the Asia-Pacific region
Senate approves margin carve out for non-financials
Overwhelming 93-4 vote clarifies corporate treasury units are not bound by rules requiring margin to be posted on non-cleared swaps
Saxo wins with persistently bullish USD call
The bank ignored calls for a dovish outcome to the FOMC meeting and considers the recent bout of 'risk off' sentiment as temporary
Greenwich flags top market structure themes for 2015
Continuous FX benchmarks, potential advances in NDF clearing and electronic chat rooms among top issues for year ahead
Lawyers gear up for cases in Europe and 'last look'
The co-lead in the US class-action lawsuit expects more cases in Europe and for other areas of trading to come under scrutiny
The euro will continue to weaken
EUR/USD will trend towards 1.15 amid renewed break-up fears in the eurozone and the union entering deflation
Broadridge acquires TwoFour Systems
Global investor communications and technology giant Broadridge moves to secure FX vendor TwoFour Systems, along with its parent company's CEO
SNB reserves suggest 24bn euro intervention
The Swiss central bank increases its foreign currency reserves to CHF 495 billion, mainly driven by euro buying, strategists say
NDF clearing could be delayed until February 2016
The FX subcommittee of the Global Markets Advisory Committee has submitted a condensed 10-page report to the US regulator, proposing a 12-month schedule for clearing non-deliverable forwards
Reserve managers shun the euro
International Monetary Fund data from the third quarter of 2014 shows a significant hit to euro reserves following further negative interest rates