News
Barclays chats reveal extent of USD/RUB manipulation
The CME/Emta benchmark has once again been thrust under the spotlight following the CFTC's $400 million Barclays fine on May 20
Renminbi emerges as top currency for payments between Asia and China
Chinese currency now accounts for third of Asia's payments with China and Hong Kong, following a 327% increase in three years, says Swift
Survey reveals Asian treasurers' penchant for single-dealer platforms
Preference for one-bank solution partly due to region's many managed exchange rate regimes, according to Bank of America Merrill Lynch survey
Renminbi is at fair value, the IMF says
The Fund declares China's currency fairly valued months ahead of SDR basket review, having previously thought it was out of step with economic fundamentals
More banks to be swept up in FX settlements – Hausfeld
Institutions not fined by regulators are still likely to face punishment according to the co-counsel in the class action lawsuit in New York
FastMatch introduces binary ports as it speeds up platform
The changes will be effective from July 1
Credit Suisse ready to take on fixing flows
As other banks try to shrink away from benchmark orders amid record fines
Former EBS Market co-head joins Currenex
Technology veteran John Schoen relocates from London to New York
FXSpotStream hires Brocksom in London
As it opens an office in the UK
FCA levies its largest ever fine on Barclays
UK bank fined £284 million for failings at its FX business
US regulator fines take FX settlements to $11 billion
BAML, Barclays, Citi, JP Morgan, RBS and UBS have been fined by the DoJ and the Fed as the total amount settled more than doubles
FCMs kick off NDF clearing despite delays
Even with further setbacks to mandatory NDF clearing in the UK and US, Societe Generale senses opportunities for clients to clear now
Deutsche Börse to set up Europe's first multi-asset RMB platform
German exchange group signs joint-venture deal with CFFEX and Shanghai Stock Exchange to bring trading venue to Frankfurt
Market-makers tweak algorithms post-SNB move
Liquidity providers have been seeking ways to improve their electronic price formation since the Swiss franc event in January
SG promotes Bine and Zaffran in global markets revamp
Societe Generale reshuffles markets division as it seeks to grow its corporate franchise
UBS escapes DoJ prosecution and fine
But it pays a further £342 million to the Fed over FX conduct issues
Volumes surge on EBS eFix Matching
Average daily volumes up 160% a year on from launch
IG chief market strategist joins LCG
Financial markets veteran Brenda Kelly exits IG for rival firm in London
FXSpotStream adds Standard Chartered as liquidity provider
Pushing the number of market-making banks on the aggregator up to 11
No plans to spin off electronic business, says Spencer
Responding to FX Week's question on the company's full-year earnings call
Hackett joins LCH.Clearnet in newly created role
Ali Hackett moves from industry advisory group Formation 8 to lead global sales
Rendon exits HSBC
Head of G10 options Steve Rendon is made redundant from the UK bank
FX algos revive US rates trading at UBS
Rejigged algo behind doubling of volumes – Swiss bank aims to repeat trick in swaps
EBS Direct set to offer outrights and swaps
The platform looks to grow market share in a new area of business