FX Markets - 1 Feb 2016
Articles in this issue
SocGen hires O'Hara as PB sales director
Formerly of Credit Suisse, John O'Hara will be responsible for promoting Societe Generale's FX prime brokerage offering to hedge funds and institutional investors
Declining spot sinks FX volumes in US
In October, average daily volumes were 26% lower than in the same month of 2014
Samsung Securities gains third-party access to CLS
The securities company is the first non-bank financial institution to join CLS in South Korea
Andrew Bailey to head the FCA
The new chief of the UK's Financial Conduct Authority will step into his new role in July
ParFX adds Hungarian forint
EUR/HUF and five other currency pairs are now available on the electronic platform
Corporates face 'disaster' on renminbi Tarfs, say traders
Some companies "may run out of cash"; Taiwan regulator said to be looking at new restrictions
Seabury FXone seals product agreement with Spotex
The firms are looking to expand their institutional client base
Banks explore Mosaic platform to help ailing Ficc revenues
The aim is to discover new business opportunities and more valuable clients
Hotspot launches private liquidity pool tool
Users will be able to create their own customised pools to suit their trading needs
London jury acquits Libor brokers of fraud
The former traders were accused of working with Tom Hayes to fix the benchmark
Former RBS trader wins unfair dismissal lawsuit
Ian Drysdale was unfairly dismissed by RBS in 2014, but he will not receive any compensation, judge rules
NZD slides to four-month low as central bank hints at easing
Kiwi reaches lowest levels since October as the RBNZ suggests a prolonged inflation battle; exchange rate predicted to weaken
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong
Saxo nabs top spot on dollar strength
The bank's FX strategist says the Federal Reserve will continue to hike if employment numbers remain solid
World FX trading volumes down 8%
FX committees report sinking trading volumes in the UK and US, but they were up in Japan, Singapore and Australia
Yen drops as BoJ slashes rates below zero
Currency weakens after Bank of Japan announces intensified battle against ‘deflationary mind-set'; the yen will continue to lose ground to the US dollar, analysts say
CFTC grants registration to 18 Sefs
With the process nearly complete, the CFTC can focus on fine-tuning the Sef rules