News
FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
FX Link pulls futures-shy banks into the fray, says CME
Since its 2018 launch, CME says the product has attracted some Tier 2 banks to FX futures
Why Fed’s rate pause won’t drag on USD/HKD carry trades – analysts
Factors suggest gap in US/Hong Kong dollar borrowing costs will not narrow any time soon
SocGen offers won-hedged indexes for Korean autocall clients
Local currency benchmarks cut FX hedging costs for clients and boost yields, bank says
PBoC chief pledges to keep opening up China’s financial sector
China will also continue market-based reforms of yuan exchange rates
Sucden Financial hires Liber for e-FX sales
Gabriela Liber has held liquidity roles at TraderTools and TradAir
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
RBI buys $5bn in FX swaps auction
Unusual move to inject long-term liquidity into the system is heavily oversubscribed
Carolyn Rogers to be next Basel Committee secretary-general
Canadian regulator will take over from William Coen
EU lawmakers fail to deliver on single-sided reporting
But there is still hope for EU swaps users in future Emir reviews
GMI enlists former FTT chief Jakobsen
Experienced FX exec Finn Jakobsen has put in stints at Saxo Bank
Seed CX adds new crypto pairs, lands ally in Asia
Institutional clients can now trade BCH/USD and LTC/USD, says Seed CX, which has partnered a Singapore fintech
LMAX reports 21% increase in trading volumes
Activity in New York and Asia reportedly boost activity across group’s exchanges
ECN volumes slide in becalmed FX markets
Subdued volatility appears to be weighing on trading activity
HKMA interventions may help open new USD/HKD carry trades
Repeated defences of peg should keep HK dollar weak; it could be used to buy assets in currencies other than US dollar
B2C2 enlists Wall Street veteran Catalanello to head US expansion
Crypto market-maker hires former New York Fed FX committee member to lead quest for growth in Americas
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
CFH Clearing promotes Groves to head of European sales
Paul Groves tapped to lead growing sales team in European push
Gibson to head institutional FX sales at Alfa Capital
Andrew Gibson brings extensive FX market experience to Cyprus-based firm
EBS to turn on API streaming for Quant Analytics
Service will cover outbound analytics when it launches later this year, but should add inbound later
Hinds takes e-FX sales role at BGC Partners
Anja Hinds is covering G10 and emerging market FX options
What the crypto market needs to entice institutional capital in
Adoption of more traditional regulated structure will help, but could dim crypto's rebel lustre, say industry participants
Cobalt hires five execs for next stage of FX services push
FX professionals brought on board as Cobalt continues drive to oust legacy post-trade systems