FX Markets - 12 Aug 2019
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Articles in this issue
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Trading volumes fall on most ECNs in July
FXSpotstream bucked the trend with yet another year-on-year increase
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
Turkey increases reserve requirements on FX deposits
Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira
Edgewater Markets expands in Singapore with senior hire
Rick Lloyd joins in e-FX sales, having worked at ABN Amro, Bank of America, JP Morgan, RBS and Reuters
BCS Global appoints Richards as director of prime services sales
Andrew Richards will target small- to medium-sized hedge funds
Leelarthaepin joins CFH Systems Singapore in institutional sales
Former head of FX at CGS-CIMB Securities also worked at Saxo, Icap and ADS Securities
Seegers set to join Citadel Securities in e-FX sales
FX sales and trading specialist takes on new role next month
Chen joins State Street Hong Kong in EM FX trading
Previously at Cathay United Bank, he joined last month
US Treasury designates China a currency manipulator
Renminbi crosses barrier of seven yuan per US dollar amid growing trade tensions on August 5
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
ABN Amro: yen to strengthen as dollar rally fades
USD/JPY will fall below 100 as safe haven flows shift from the dollar to the yen