News
Connectivity comes into focus as liquidity sags
Increasing participation from buy-side firms and deteriorating liquidity conditions boost cloud providers
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
BIS completes draft of Global Code of Conduct phase two
The FXWG plans to send the document to various FX committees in the coming weeks
Uncleared margin kick-in raises clearing-house rules
In the run-up to the new rules coming into force in the US and Japan, volumes surge on ForexClear
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Russell expands execution platform again
The asset manager gives access to clients using the order-management system from Eze Software
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
Bailey plans to exit ACI in October
South African chapter president Brigid Taylor expected to be interim president and will be in the running for a permanent role
Saxo hires two to boost Mena presence
Camara joins as head of Saxo Dubai, while Ahmed will be the head of institutional business development
Tullett Prebon names Shelley global head of corporate affairs
Rebecca Shelley was previously group corporate affairs director for Tesco
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
CFTC charges and monitors Deutsche over swaps violations
Agency says incomplete, inaccurate data affects what is made publicly available and the data it uses to gauge systemic risk
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
UBS reshuffles EMFX options trading team
Swiss bank trims London team, relocating one trader to Singapore
Cobalt enters beta-testing phase with DL platform
Post-trade venue expected to go live in 2017, with eight institutions already signed up
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Regulators fail to address key issues in FX, participants say
While they see some positives they believe there's still oo many practices open to abuse