News
Nembrini exits LCG
London Capital Group's head of institutional sales and trading leaves after one year in the job
Worries mount over year-end liquidity conditions
With only six trading days between the Fed's last rate meeting and the holiday period, market participants are being warned to prepare for a rocky year end
USD/CNH enters top-five traded pairs on ParFX
The offshore renminbi experiences exceptionally strong growth in September
Saxo rolls out trading platform to white-label clients
SaxoTraderGO is now available for institutional clients, after its launch in May
Conte understood to be leaving 360T Americas
Dan Conte served as sole chief executive from 2012 and co-chief since February this year
NY bank regulators outline cyber-security plans
High-profile hacking at financial institutions and tough action from lawmakers have provided a boost to a new cyber-security proposal that aims to bolster banks' defences against internet gangsters
FirstRand joins CLS
The South African bank joins the currency settlement utility, raising its membership to 64
CFTC's Massad commits to aggressive enforcement
Over the past two fiscal years, more than $4.6 billion in penalties have been imposed in 15 actions against banks and brokers to address benchmark misconduct
Tullett Prebon bets on OTC broking with Icap buy
Icap sells its global hybrid broking business to rival Tullett Prebon amid difficult market conditions
Abide Financial applies to become trade repository
The transaction-reporting firm may become the third-largest repository by volume; it also launches an accelerated Mifid II/Mifir compliance programme from January 2017
China launches direct trading between RMB/CHF
Swiss franc becomes the seventh currency to trade directly against the renminbi; HSBC gains approval to become a market-maker in the pair when it launches
TPP countries strike ‘unprecedented' deal against currency manipulation
The 12 member states of the Pacific free-trade deal sign a declaration vowing comprehensive disclosure of FX data; members will have to abide by rules against competitive devaluation
Thomson Reuters integrates FX under single umbrella
Thomson Reuters is bringing all its pre-trade tools, trading venues and post-trade capabilities under FX Trading
Non-bank market-makers look to build customer franchises
Alternative market-makers aim to fill liquidity space left by reduced bank capital and move to connect with customers directly
Sell side's appetite for intelligence tools increases
As compliance inches to the fore, more large banks are reaching out to providers of cognitive learning tools
South Korea eyes panda bonds in China
Local media reports that Korean government has submitted formal request to Beijing following financial co-operation deal struck last week that also paved way for direct RMB/KRW trading
WSBA creates working groups to promote blockchain
The trade body aims to pioneer the technology's application in financial markets
FSB finds fault with derivatives trade reporting
Despite large volumes of trades being reported, some authorities have restricted access to data, which is often low quality; some jurisdictions are experimenting with new analysis
JP Morgan and UBS compress FX books via start-up
NYC-based LMRKTS first broke cover two years ago; the third bank participant is unknown
Banks ready for more FX lawsuits amid mixed Q3 results
Barclays and RBS cite further potential FX litigation or investigations in the UK, US and Canada
XTX Markets to provide liquidity on 360T
As of November 3, the market-maker will provide streaming liquidity to the multi-dealer platform
CLS sets go-live date for Hungarian forint
CLS and Hungary's central bank launched the forint project in February 2014
Citi eyes prime brokerage opportunities
By managing its balance sheet, the bank says it can put more capital and assets to work to deepen PB relationships
Puth: FX must repair its reputation
The BIS global code of conduct needs to be strong enough to close the gaps, but members need to find a consensus