News
Digital Vega makes three senior hires
The FX options firm expands its offering on the back of strong growth expectations
HKMA dismisses cash limit rumours as tensions escalate
Emergency laws will not affect cash withdrawal or capital flows, HKMA says
Deal misfires expose risk of contingent hedging
Banks hike premiums on deal contingent swaps amid Brexit uncertainty
Bigelli joins Deutsche Boerse as spot and algo specialist at 360GTX
He joined last month, moving from institutional FX sales at RBC
Kantox provides Citi’s commercial bank with enhanced FX payments
Corporate clients in US will see connectivity improvements as Kantox operates as “software layer”
FSB looking into regulations applicable to stablecoins
Stablecoins may be small now, but there’s “no doubt” they pose regulatory challenges, FSB chair says
Expanding European market abuse regime to FX spot considered problematic
Lawyers and industry group say move would overlap with Global FX Code and create costly record-keeping and reporting burdens
Conlan moves to San Juan Mercantile Bank & Trust International
The industry veteran was global head of FX sales at INTL FCStone for over a decade earlier in his career
Byne joins Northern Trust
eFX sales specialist moves from Citi where he spent more than eight years
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
IG research explores correlation between politics and FX data levels
New timeline of global historic politics impacting forex offered online
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
Ramchandani files complaint against Citi in NY court
Complaint filed in US southern district court of New York claims false assertions made against him by bank
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
White joins Euronext in FX sales
Ben White moves from Currenex sales at State Street
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
More global custodians approved as FX settlement banks by China
But list of eligible Bond Connect entities incomplete and some global custodians unable to provide CNY funding
Floating exchange rates cut inflation in Caribbean – IMF paper
Survey finds greater financial openness in Caribbean countries is associated with lower inflation
Finnish paper looks at Chinese currency swap agreements
Bilateral swap agreements increase settlement of trade transactions in renminbi – researchers
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