News
USD/CNY will be the next EUR/USD, say traders
When China’s capital markets are fully open, the impact of the renminbi on FX markets will be immense
Weisberg joins oneZero Financial Systems as executive vice-president
The FXall founder moved to the firm earlier this month
Sambrani joins Barclays, Singapore in EMFX options
Trader moves from Bank of America Merrill Lynch, Hong Kong
Massey takes up new e-role at Nomura
Former EBS liquidity manager will promote expansion of e-FX distribution platform
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical
ECB prepares for ‘big-bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
Three go live on Cobalt’s shared FX ledger
Technology provider aims to reduce trade reconciliations for Deutsche, Saxo and XTX
Swift conducts 13-second cross-border payment
Trials complete payments from origination through to clearing and settlement within seconds
Insight Investment wary of banks’ last-look claims
Buy side should “team up” in bid for more forex transparency, argues senior trader
IMF officials call for ‘far-sighted’ digital currency regulation
Stablecoins could put weaker currencies at risk and increase illicit activities
Tradepoint onboards 10 streaming NDF providers for broken dates
The firm sees greater use of algos to trade NDFs in increasingly electronified market
Singapore’s e-FX strategy blossoms as Apac competition heats up
Euronext FX launches matching and pricing engine today, while JP Morgan is latest to announce plans in the city-state
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of the cryptocurrencies highlights need for pan-European action on payments
Dominican Republic sells dollars to support peso
Dominican currency has been one of the stronger performers in the region
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems while preserving global policy priorities
Industry veteran Shuster leaves Credit Agricole after 17 years
Exit follows departure of former head of options Andy Soper in July
BoE paper examines exchange rate return distribution tails
Authors look to understand exchange rate risk in global cycle
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Ziccarelli switches from CLS to Symbiont
He joins the tech provider to help financial institutions adopt blockchain
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
Warner moves to INTL FCStone in FX trading
After almost 24 years at Citigroup, Toby Warner switched firms in July
Mellor swaps Nex for Refinitiv
Nex Group’s former chief marketing officer joined the firm earlier this month
BIS: FX volumes rise to $6.6 trillion, London trading soars
While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan