Europe
Swissquote: dollar has room for correction, but not a comeback
The bank's head of market strategy says markets under-appreciate the Fed's commitment to policy normalisation
EU and US regulators agree on margin equivalence
As the regulators take a common approach, Mifid II-regulated venues look set to be exempt from Sef registration requirements
Judge allows Rodgers’ ‘Russian name’ analysis into case
Judge does about-turn and allows Rodgers – whose $1,100 hourly fee riles prosecution – to enter his findings in court
Euro appreciation to slow, says BMO Capital Markets
Canadian bank sees dips in EUR/USD as buying opportunities, given US dollar is in medium-term downtrend
Goldman Sachs reshuffles FX sales
Rombouts becomes co-head of corporate derivatives for Emea with Alessandro Dusi; Crook and Murciano co-head FX sales
London Stock Exchange Group boosts LCH stake
LCH’s activity has ballooned over the past 12 months, with its ForexClear platform clearing more than a trillion dollars’ worth of non-deliverable forward trades in August
GTX to launch full-amount trading on its ECN
Gain Capital’s trading venue offers full-amount execution as it seeks to reduce market impact
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits
Watson joins Tradition as global head of market data sales
The former chief executive of ADS Securities Europe moves to broker Tradition in London
ECB minutes reveal concerns over euro strength
Single currency has risen almost 6% over last three months, touching $1.1906 - highest since January 2015
FX forwards users drop EU banks over margin rule
Other dealers do not have to collect margin on physically settled forwards
EBS Direct is moving to automatic full-amount for some orders
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5
The only game in town is Mifid II, says Bloomberg’s Van Name
With less than six months to go, market participants are scrambling to get ready
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
e-FX Awards: Saxo Bank – Best Prime-of-Prime Provider and Best Retail FX Platform
It prides itself on the breadth of access its clients enjoy with 24 bank and non-bank LPs pricing into streams
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Commission should have power to order CCPs to relocate to EU – Cœuré
The power would be one among many, says ECB executive board member
UK clearing houses could be moved to European Union
European Commission proposal comes days before divorce negotiations are set to begin between UK and EU
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
FCA publishes final Priips rules
“In calculating costs associated with FX, the arrival price must reflect a reasonable estimate of the consolidated price" – FCA
Citadel Securities steps up push into disclosed trading space
Non-bank market-maker hires three to expand its direct client business and European coverage
LSE and Deutsche Börse deal collapses
EU commissioner Margrethe Vestager blocks merger attempt over monopoly concerns
Pragma announces LD6 expansion
The move enables the algo technology provider to improve services to its expanding client base
Credit Suisse creates centralised global FX options business
Matt Mitchell will lead the unit; the bank merges its Zurich and global options e-commerce business under Francesco Schiavo