FX Markets - 9 Dec 2019
Articles in this issue
Buy side still not adopting FX Global Code – Debelle
FX committee wants asset managers to embrace standards; shifts focus to algo trading
Instinet launching FX agency trading business
Execution services arm of Nomura prepares agency-model e-trading platform for spot FX
Artificial intelligence in FX ‘may be hype’
Relevance for AI in foreign exchange does not stack up compared with other classes
Chile launches biggest FX intervention in 20 years
Chilean peso has fallen by 14% against dollar since mid-October amid massive street protests
Brazil sells dollars as real falls to record low
Currency declines 11.3% against dollar since July, as central bank cuts interest rates by 150bp to new low of 5%
R5FX: rupee NDF volumes will grow after CNH-type setup
Offshore rupee trading will increase despite RBI’s move to encourage onshore trading, it is claimed
SVB Financial Group invests in TickTrade Systems
Parent company of Silicon Valley Bank partners Toronto-based fintech to strengthen FX offering as client base goes global
Avelacom reduces London to Hong Kong latency to 150ms
Improvements to the firm’s network are part of its increased focus on Asia
360T launches streaming NDFs
Technology is designed to facilitate entry of bank algos into growing non-deliverable forwards market
Oanda appoints Grant as COO, Asia-Pacific
David Grant joins from Gain Capital with 20 years’ experience in the e-trading industry
Hamberger to head e-FX at Credit Agricole
The bank's former global e-FX product manager is promoted
Credit Suisse hires Fuligni in FX sales
Hire comes as Swiss bank invests in platform and markets franchise
Global head of FX Karlsson leaves Danske Bank
Amid a recent slew of FX layoffs, he exited the bank in November
Maheshwari becomes COO and head of Asia-Pacific at Fluent Trade
Previous role was head of relationship management and FX transaction sales at Thomson Reuters
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
City Index: yuan under pressure as US-China tensions rise
Retaliatory measures put further downside pressure on yuan while dollar will be mixed in 2020