News
China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Banks struggling with European reporting rules
Reporting infrastructure built to fulfil Dodd-Frank requirements will need to be revamped to meet Emir standards, say banks
Trading Places, May 27, 2013
BAML and Nomura build in sales, while technology firm Orc Group appoints a new president for its Americas operations
Final Sef rules raise more questions
Market surprised by change to swap execution facility rules, after final requirements were approved on May 16
Diversified portfolios exposed to correlation risk, experts warn
Politics is a greater driver of G-4 currencies than traditional economic fundamentals, say panellists at CME event
Hotspot reduces 'last look' response time by 100 milliseconds
Although the platform reports the cut has already had a positive effect, dealers working outside Hotspot's base in New York could experience latency issues
Bloomberg takes aim at Thomson Reuters Dealing
Bloomberg's chat-based FX trading tool, Instant Bloomberg Dealing, starting to rival Thomson Reuters' offering
‘No panic’ as Nikkei volatility spikes, dealers say
Traders say no sign of short volatility hedging after Nikkei 225 plunges
Emir futures margin rules create 'regulatory arbitrage'
Clearing house and commodity traders voice concerns about European firms going to US due to Emir CCP standards
Sucden Financial live with liquidity on tradable
Open-source front end trading platform adds to liquidity pool and enters agreement with software developer MT4i
CFTC misusing Dodd-Frank to expand its role, says CME's Duffy
CME chief accuses regulator of overreaching, as line-up of industry figures attacks Dodd-Frank rules
Saxo Bank launches online news service Saxo TV
Web-based TV channel aims to provide one-minute video analysis of market events
Tradenext hires head of trading
Online broker makes senior hire from rival broker GKFX
Banks beef up in real-money sales
Westpac sales head Corinna Wong joins Morgan Stanley, while Craig Weiner moves from JP Morgan to Standard Chartered
BMO expands FX business with four global hires
Canadian bank makes two senior strategy hires from Citi and Crédit Agricole, and expands FX sales team
Swap dealers struggle with Isda protocol compliance
Failure to meet deadline for earlier protocol puts banks on the back foot for compliance with next round of rules
Trading Places, May 20, 2013
CIBC wins from Barclays in sales, while Citi loses in precious metals
Traiana announces first futures commission merchant live on CreditLink
Traiana completes production testing with futures commission merchant on pre-trade hub that aims to provide clearing certainty
Sharp drop in yen will destabalise markets, warn traders
Observers concerned over potential impact of rapid yen depreciation. However, others say effect will be limited to currencies in Asia
Alpari New Zealand registers in St Vincent as new rules come into force
Retail broker changes jurisdiction to retain trading terms as new rules come into effect in New Zealand
Market relief as CFTC approves final Sef rules
Request-for-quote rules are watered down and voice broking allowed to continue under final Sef rules from the CFTC
Japan to drive 36% rise in retail foreign exchange volumes in 2013
Yen volatility to drive $380 million a day in global retail FX and CFD market in 2013
Japan's Mizuho joins CLS Aggregation Services
CLS and Traiana-backed aggregation engine extends global reach with addition of Japanese bank
Retail brokers report record volumes in the Middle East
Local investors are turning to FX in search of better yields, and are becoming increasingly sophisticated about how they trade. FX Week talks to banks and brokers in the region