News
Seegers set to join Citadel Securities in e-FX sales
FX sales and trading specialist takes on new role next month
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
BCS Global appoints Richards as director of prime services sales
Andrew Richards will target small- to medium-sized hedge funds
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
US Treasury designates China a currency manipulator
Renminbi crosses barrier of seven yuan per US dollar amid growing trade tensions on August 5
Leelarthaepin joins CFH Systems Singapore in institutional sales
Former head of FX at CGS-CIMB Securities also worked at Saxo, Icap and ADS Securities
PBoC vows to keep renminbi stable
Central bank governor says yuan at appropriate level after breaking 7:1 against US dollar
Turkey increases reserve requirements on FX deposits
Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
Edgewater Markets expands in Singapore with senior hire
Rick Lloyd joins in e-FX sales, having worked at ABN Amro, Bank of America, JP Morgan, RBS and Reuters
BNPP launches hybrid NDF algos as electronic trading matures
Launch of BNP Paribas’s algos follows fast-growing demand for NDFs
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
Toffolo joins Cobalt from EBS sales
Michael Toffolo started as an e-FX business analyst at Icap
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance
Potamus looks to new asset classes, including currencies
HFT firm sees US equities platform grow in past year and views outsourced trading as another area for expansion
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Fed cuts rates and halts balance sheet reduction
Decision sees hawkish dissents from Kansas and Boston Fed presidents Esther George and Eric Rosengren
Citi taps Hoshino as head of FX in Japan
Bank moves to strengthen FX operations to serve corporate and institutional clients in region
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar