News
Benda leaves Deutsche
VP for corporate sales is understood to have left the bank last week
TJM hires two for sales team
Foreign exchange intermediary firm pulls talent from Jefferies and CIBC as it embarks on FX business diversification
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson
BNY Mellon settles FX case with SEC
US bank agrees to pay $30 million over alleged client overcharging for FX trading services
Silcock moves to ICBC
James Silcock heads to the Chinese bank after 10 years at BTMU
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
TradAir cuts issue diagnostic times by 90%
The technology provider has implemented a series of diagnostic tools provided by Elastic
Russell Investments expands execution platform
RFX is now connected to the private financial Charles River Network, which has more than 600 global liquidity venues
Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
XTX picks Abide Financial for transaction reporting
Non-bank market-maker chooses post-trade partner
Fauset joins COEX
He trades one hedge fund for another
Non-banks charge ahead, but HFTs see warning signs
New risk-warehousing models are outpacing non-bank players that rely on latency advantages
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30
House prices complicate outlook as RBNZ holds
Central bank caught between strong New Zealand dollar and rising risks in the housing market; keeps rates on hold
Strong dollar behind economic paradigm breakdown – Shin
BIS head of research points to failure of covered interest parity post-2008, with the strength of the US dollar correlated with the size of market anomalies
CME and CloudMargin offer collateral-management service
Customers will gain access to a consolidated view of their collateral inventory
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
NAB goes live with FX OMS a week after platform launch
National Australia Bank launched starXchange on June 2
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
Dairy demand data available for FX traders for first time
Global Dairy Trade publishes data that is often behind Kiwi dollar moves
First foreign-issued RMB bond lists on LSE
The RMB 3 billion three-year bond was announced on May 25
FX funds above water in April
While they were back in the black, FX funds did not manage to reach their earlier 2016 yields