News
OpenFin: user experience is new differentiating factor for banks
Market participants want agile applications that interact easily with other software
Best price via disclosed trading questioned – survey
Half buy-side in new survey don't use TCA, so can't say with certainty dealing bilateral results in best ex
Kace to offer electronic distribution of FX options in China
Huge potential for China’s FX options market, but regulation and digital transformation are key
FX trading volumes slip in September after strong August numbers
Spot FX volumes slipped at the end of Q3 following an unusually active August
Euronext FX looks to derivatives for diversification
Euronext unveils new three-year strategic plan to invest in FX, data and analytics
Machines can save 20% on routing orders, UBS says
Machine learning is navigating the labyrinth of venues, figuring out how best to land the trade
BIS and SNB co-operate on central bank digital currency
Technology research hub will also investigate how to use DLT infrastructure
Philippines mulls won-peso bilateral trading
Move aimed at shifting trades away from US dollar
Wade becomes global head of treasury services FX at JP Morgan
Former head of eFX sales at Goldman Sachs joins this month
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