News In brief
New Saxo office in Dubai
Saxo Bank has opened its first office in Dubai after receiving regulatory approval to operate within the region. The Dubai team will be headed by Shailendra Robin Patel.
Co-chief executive for the Danish bank, Lars Seier Christensen, said: "Dubai is one of the most important global financial centres and the Gulf Corporation Council region will have an important role to play when this current financial crisis is over."
FIX makes headway in Canada
The Investment Industry
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More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
