Trading
Volume boost for EBS at last
Volumes up in third quarter, but still depressed by historical standards
Tradition launches African FX futures
Zambian, Kenyan and Nigerian currency futures to be offered on JSE
Global trade reporting ‘a mess', Sibos delegates told
DTCC and Commerzbank tell Sibos delegates that global derivatives trade reporting requires further regulatory intervention to be a success
BlackRock's Novick slams banks' 'reprehensible' behaviour
Banking ethics and the enormity of regulatory fines are discussed by Sibos panel
Deutsche Bank executes first direct EUR/CNY trade
The move will help the formation of a direct exchange rate between the two currencies
BuysideFX shuts up shop
Buy-side focused vendor closes following client withdrawal
FSB releases final benchmark report
FSB supports wider fixing window, the separation of benchmark orders and industry-led netting solutions
Colt expands FX Liquidity Access service
Regional banks hanker after greater FX liquidity
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach
Agency execution set for strong growth
Growth is being driven by the changing role of dealers and best execution pressures on the buy side
Nomura wins with bearish yen view
The bank anticipated Japan's decisions would weigh on the yen, on top of the widening divergence of its monetary policy with the US
African FX market needs ‘kick up the backside’, say local banks
Volume growth hampered by regulation, but banks cautious towards new product releases
FCA investigation becomes systems and controls case
Banks and the FCA have reportedly entered into talks to settle allegations of benchmark manipulation, with the focus turning to systems and controls as regulators struggle to link senior management to complaints
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
UK benchmark-rigging laws to extend to FX
Government launches consultation on wider criminalisation of benchmark rigging
Global renminbi payments triple in value
One-third of the world's financial institutions use the renminbi for payments to China and Hong Kong, making it the seventh-ranked global payments currency
Hotspot taps into FX dark pool demand
Hotspot has thrown its hat into the ring to compete for FX spot dark pool business amongst the likes of BGC Partners and FXall
FSB to publish FX benchmark reforms within days
The first look at how regulators want the 4pm fix to be managed is set to be revealed by the end of the month by the FSB
O’Malia urges CFTC to rethink Sef registration rules
CFTC’s approach has caused ‘mistrust’, says ex-commissioner
Parikh hands in resignation at Goldman Sachs
The migration of senior FX traders from banks to the buy side continues, with Parikh exploring options at a hedge fund
New FXCM pricing model to publish ‘raw’ FX spreads
Spreads and commission costs to be separated for clients as FCA reviews brokerage pricing
FCA to defy Europe on forex forwards reporting
UK regulator will not require forex forwards to be reported – contravening European policy – until Mifid II forces it to change
DealHub launches RefleX
Technology firm's new product features an innovative price and execution engine
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now