United States (US)
FlexTrade selects Pandya as COO
Vishal Pandya joins from Hewlett-Packard, and will be responsible for performance and development
EBS BrokerTec restructures; four management appointments
With a focus on seven core areas, the firm recruits Tim Cartledge as global head of FX and head of product
SEC nominee flip-flops on Dodd-Frank rollback
Rules mandated by statute must be adopted by regulators, Clayton concedes
Ullink rolls out trade-reporting solution
The product will help clients to comply with Mifid II reporting requirements
Technancial and Ullink offer solution for clearing brokers
The newly launched product helps to monitor the trading activity of high-frequency trading firms using SDMA in near real-time
DoJ closes investigation into Deutsche Bank’s FX activity
US regulator's action is a big win for the bank, but civil suits and a decision from the NYDFS are still pending
Simple tax cuts best for dollar, says CBA
If Trump is able to slash corporate tax rate to 15% and achieve income tax cuts along with infrastructure spending, then the dollar and the economy will see a boost
HSBC snags Citi’s chief dealer in New York
Brent Donnelly had been Citi’s chief dealer since March 2014
Tim Power trades Deutsche Bank for Morgan Stanley
The FX options trader headed Deutsche’s G10 flow options
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators
Rabobank: Trump expectations will favour safe-haven currencies
Rabobank says the likelihood of a Republican victory could spark a flight to safety and a broad correction in many risk assets
Renminbi adoption in US slows in May
A decline of 1.6% from a year ago highlights the slowdown in the Chinese currency's internationalisation
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
2016: the year Europe moves towards a regulated market
MiFid II, last look and the first Fed rate hike in nearly a decade will be key influences
Fed raises rates for first time since 2006
What happens next is anyone's guess in terms of the pace of hikes
Best Bank for Canadian Dollar: BMO Capital Markets
Proving itself a leader in its home currency, BMO Capital Markets now has its sights set on the renminbi
TPP countries strike ‘unprecedented' deal against currency manipulation
The 12 member states of the Pacific free-trade deal sign a declaration vowing comprehensive disclosure of FX data; members will have to abide by rules against competitive devaluation
US softens rhetoric on renminbi ahead of SDR review
The Treasury drops its "significantly undervalued" reference in its flagship report to Congress on foreign exchange rate policies ahead of next month's IMF review
Renminbi is at fair value, the IMF says
The Fund declares China's currency fairly valued months ahead of SDR basket review, having previously thought it was out of step with economic fundamentals
Markets are exaggerating FOMC dovishness, says Goodhart
Charles Goodhart says market participants should fasten their seatbelts and prepare for a bumpy ride as central banks tighten monetary conditions
'Last look' will prevent settlement with regulators, warns New Change FX
Banks and regulators are preparing to hammer out a deal in relation to the global probe into currency trading, but questions surrounding 'last-look' practices could stall the process in the US
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
Russian banks face higher borrowing costs
Banks and corporates face higher funding costs and loan rates, but government support lends a lifeline
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014