FX Markets - 13 May 2019
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Articles in this issue
Industry pushes back on Citi’s FXPB cost claims
Rivals question apex brokerage’s calls for executing brokers to make up mispricing shortfalls caused by incoming rules
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
Fintech firm joins wholesale FX competition
FX startups are attempting to undercut incumbents with better technology and new features
Avelacom establishes point of presence in Thailand
Second connectivity centre established by the provider in Asia this year
Former Nex exec Wren rejoins Spencer at IPGL
Move follows CME cutting several senior staff at electronic trading arm
Declan Clements sets up FinFX Consulting
Standard Chartered veteran was formerly Dubai-based head of financial markets e-commerce
Amari joins Sucden Financial in e-FX sales
Former analyst moves to the firm from Parabellum Markets
SocGen promotes two as it restructures
Sylvain Cartier heads to Paris as head of fixed income and currencies
Vogel leaves SocGen, goes to buy side
After two decades as a bank FX options trader, Will Vogel moves to asset management space
Record boosts presence in North America
Specialist currency manager bolsters on-the-ground presence as it eyes market opportunities in region
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
Seed CX partners TradAir for OTC trade settlement
Tie-up enables TradAir customers to leverage services of Zero Hash subsidiary
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
SEB: tariffs won’t dampen China’s growing influence on global economy
But in the short run, threats will knock renminbi and other emerging market currencies