FX Markets - 4 Nov 2019
Articles in this issue
Johnson seeks rehearing, argues lower fraud bar threatens markets
Former trader’s attorney says that in affirming his conviction, the panel has set a low bar for fraud
Morgan Stanley leads US bank peers in Q3 Ficc revenues
Unlike other US banks, Morgan Stanley’s Ficc revenues made significant gains on a quarterly and yearly basis
Ex-JP Morgan trader on trial for rigging
Justice dept claims fake trades duped market but defence argues against overly simplistic view
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
ECB and PBoC renew bilateral currency swap
Euro-renminbi currency swap agreement will stay in place until October 2022
Numbering association starts work on crypto identifiers
Anna task force explores how Isins can be extended to digital assets such as tokenised securities and cryptocurrencies
BdF paper looks at digital currency and remuneration
Remuneration is key consideration for design of central bank-issued digital currencies, paper argues
Spotex introduces risk engine to aid PB expansion
Periscope allows multiple levels of brokers to extend access to the firm’s institutional ECN
Asian currency trading gathers pace on EBS
Recent growth in Asian currency trading has been driven by new regional players entering the space. EBS explores how its trading platform has adapted to service this influx of traders – one factor that won it the best emerging market FX trading platform…
Millennium Global expands European presence with Paris office
The firm is set to make 12 new hires at its recently opened French base
CEO Takabatake leaves Oanda Asia-Pacific
Three-year spell at FX broker comes to an end
BGC's Lucera hires Crane
Following a career that began in product management at EBS in 1990, Crane moves to the fintech firm
Galin Georgiev joins PrimeXM as new COO
Former head of trading at Saxo Bank’s ForexTrading.com joined this month
Thompson to head FX options at BNY Mellon in NY
Joining the US bank from ANZ, Neal held a similar position from 2015
Argentina tightens currency controls following Macri’s defeat
Left-wing opposition leader Alberto Fernandez wins October 27 presidential elections
Angola abandons currency trading band
Central bank floats currency in bid to alleviate FX shortage, after IMF raises concerns
CMC: dollar will not weaken too much, despite Fed easing
USD unlikely to weaken significantly as ongoing rate differentials remain in its favour