Africa
Isda’s fork provision gives crypto market plenty to chew over
Not everyone is happy with the discretion new digital definitions offer to calculation agents
The post-trade revolution: transforming the ability to manage liquidity and risk
Alex Knight, head of Europe, the Middle East and Africa at Baton Systems, explores the ongoing technological revolution in post-trade processing that consigns the problems of inefficient, costly and restrictive processes to the past
Dealers back CLS plans for EM settlement system
12 banks announce support for project to extend PvP protection to certain CLS-ineligible currencies
FX data shows hold, reject divide in G10 vs the rest
Use of analytics can help reduce last look and improve FX Code adherence, says EBS executive
West Africa launches new currency in break with France
New ‘eco’ currency pegged to euro, but France will have less involvement in West African Economic and Monetary Union
Best Bank Awards: Standard Bank
Standard Bank is voted Best bank for South African rand/African currencies excluding ZAR at the 2019 FX Week Best Bank Awards
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
West Africa announces ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Zimbabwe’s ‘mono-currency’ move triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
Fed’s room to hike spells trouble for EMs – Scotiabank
Central banks’ interest rate tightening will make it hard for emerging markets with large deficits
Best Banks Awards: Citi
Citi comes second overall, picking up seven accolades, at the 2018 FX Week Best Banks Awards
Best Banks Awards: Standard Bank
Standard Bank has been voted the winner of the Best Bank for South African Rand and Best Bank for African Currencies excluding ZAR at the 2018 FX Week Best Banks Awards
ACI partners ICA to promote FX Global Code in Mena
Financial market association joins forces with Interarab Cambist Association
Flow Traders to open London office
Amsterdam-based liquidity provider says new premises are part of Emea expansion strategy
Olesen to head Emea at Integral
Lars Olesen set to join Palo Alto-based firm in November
Sargeant joins Cürex London
Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe
State Street appoints co-heads of Emea global services
Ambrosius and Fontaine have worked at the US bank for more than a decade
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
FX lawsuits: the roundup
The number of cases related to conduct in foreign exchange markets has multiplied. Here is our handy guide to developments so far