FX Markets - 7 Oct 2019
Articles in this issue
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
Ramchandani files complaint against Citi in NY court
Complaint filed in US southern district court of New York claims false assertions made against him by bank
Expanding European market abuse regime to FX spot considered problematic
Lawyers and industry group say move would overlap with Global FX Code and create costly record-keeping and reporting burdens
Kantox provides Citi’s commercial bank with enhanced FX payments
Corporate clients in US will see connectivity improvements as Kantox operates as “software layer”
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
White joins Euronext in FX sales
Ben White moves from Currenex sales at State Street
Byne joins Northern Trust
eFX sales specialist moves from Citi where he spent more than eight years
Conlan moves to San Juan Mercantile Bank & Trust International
The industry veteran was global head of FX sales at INTL FCStone for over a decade earlier in his career
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
IG research explores correlation between politics and FX data levels
New timeline of global historic politics impacting forex offered online
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Rabobank: dollar to remain moderately strong
Despite recent Fed cuts, proactive G10 central banks and interest rate differentials still supportive for greenback