FX Markets - 14 Nov 2016
Articles in this issue
CFETS joins R3-led project
The number of participants has risen to more than 60 since its September 2015 launch
Lowe and Sternberg join StanChart
BNP Paribas' former FXPB duo brighten the Eclipse team at Standard Chartered
Rabobank: cable volatility here to stay, even with soft Brexit
Jane Foley, head of FX strategy, holds a cable view for 2017 of $1.20 and $1.19 for Q1 and Q4, respectively
CLS upgrades infrastructure channel for settlement members
A new member gateway based on Swift ISO standards is expected to save up to $500,000 per settlement member
ACI’s Woolcock replaces Bailey on MPG
At its Belgrade meeting last month, the ACI council voted to appoint Woolcock as its representative on the Market Participants Group helping to draft the new Global Code of Conduct
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
BIS appoints Loh from MAS as chair of Markets Committee
Jacqueline Loh is deputy managing director at the Monetary Authority of Singapore
China's FX reserves slide to lowest since 2011
Latest PBoC figures show a drop of $45.7 billion in October to $3.12 trillion
Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
CLS sees spike in input volumes as FX traders battle markets
Volumes in the Mexican peso were at 63 times average between 02:00 GMT and 03:00 GMT
FX contracts in OTC derivatives soar to record high
FX instruments, as a share of all over-the-counter derivatives, rise from 12% in 2013 to 16% this year
R3 creates proof of concept for shared KYC service
Ten global banks work with R3 using distributed ledger to build concept for know-your-customer registry
RBNZ cuts rates to record low as Kiwi strength weighs on inflation
Board reaffirms move in light of Donald Trump's victory, but the cut has been on the cards for some time
Brennan joins Barracuda as sales manager
He joins from CLS, where he was a director in relationship management
Platforms and LPs welcome surge of activity
The outcome of the US presidential race is an early Christmas present for platforms printing new records
Industry applauds 12-month Priips delay
Firms say Mifid alignment will minimise legal risks of key information documents
