News
Philippines bankers partner Bloomberg on FX initiatives
Bloomberg has been selected as the calculation agent for USD/PHP and bankers will use FXGO for spot trading
Brokers see mixed impact from Esma crackdown
Several brokers believe Esma’s decision will be good for retail investors, while others expect a flight to more lenient jurisdictions
Renminbi’s share of global payments slides in February
It falls two places to become the seventh most-used currency for global payments, according to Swift
US DoJ changes tactics in Bogucki case
US attorneys will use bank fraud laws to pursue the former currency trader, extending the statute of limitations
Dollar set for corrective rebound, says Morgan Stanley
Seasonal factors likely to push greenback higher as end of Japanese fiscal year nears
Boards approve CME’s £3.9bn offer for Nex
The boards of the two firms give unanimous green light to cash-stock transaction
London Block Exchange adds ripple
Ripple becomes fourth cryptocurrency offered by newly created London Block Exchange
Sada-Paz to start at Barclays on July 2
Mauricio Sada-Paz quits Bank of America Merrill Lynch to become global head of e-Ficc at Barclays
UK corporates lose out as sterling slides, study says
Importing firms see average profit loss of 12% following Brexit vote, finds Western Union
BoE: reasonable to expect passporting rights until 2020
Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period
CLS volumes hit record high in February
Pickup in participation from buy side contributes to growth in volumes
Esma bans binary options, cracks down on CFDs
New measures aim to improve security and protection for retail FX investors
HSBC debuts RMB hedged share class for Ucits
Asset manager started offering the class for its global investment funds on March 23
Sarasini promoted at smartTrade
Annalisa Sarasini becomes chief business development officer
Crédit Agricole hires Varloot for risk role
Etienne Varloot joins as CIB head of market and counterparty risk
Barclays commits to FX Global Code
The UK bank joins the handful of top-tier FX banks to have adhered to the principles
Lawyers in cartel case argue against antitrust accusations
Depending on the type of relationship, the Sherman Act may or may not apply
Sterling’s prospects on the up, says Saxo Bank
The positive outcome from the latest round of Brexit negotiations and the BoE's hawkish bias should support the pound
JP Morgan dominates G10 FX revenues for 2017 – survey
Coalition’s investment banking survey shows the US dealer garnering the highest revenues in the space; HSBC jumps to second place
Keith Bailey leaves Barclays
Former Isda chair left the UK bank at the end of January, Risk.net understands
CME FX Link to go live on March 25
CME is launching a new central limit order book allowing participants to trade OTC spot and FX futures via a single spread trade
Bloomberg to add RMB bonds to Global Aggregate Index
Inclusion of RMB-denominated bonds “represents a pivotal development for investors around the world”, says Henry M Paulson
Euronext makes senior appointments
Paul Humphrey takes over the responsibilities of Lee Hodgkinson on an interim basis
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people