Emerging markets
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
State Street hires Harry Xu for Asia FX
Xu joins in Boston from Nomura in New York
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength
Most innovative bank e-FX trading platform/Bank algo trading tech provider of the year: BNP Paribas
BNP Paribas voted Most innovative bank e-FX trading platform/Bank algorithmic trading technology provider
Swissquote: Fed rate cut would be boon for EM currencies
Cutting interest rates in US will favour risky assets, bank says
BIS says theory behind EME policy must catch up with ‘reality’
Situation similar to adoption of inflation targeting in early 1990s, says BIS annual report
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
Rabobank: US and China heading for Cold War
Fed cuts will not be enough to sustain EM currencies while capital outflows continue as tensions persist
Credit Suisse adds Tretola and Osterman to FX team
Bank says recent hires signal ongoing investment in FX platform and strategic importance of markets franchise
Tandon joins Barclays’ EM options team
Options expert joins from BofA Securities where he traded EM products
Scanlan opts for TD Securities role
Tim Scanlan joins the Canadian bank’s EM sales team in London
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
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
With G10 volatility low, EMs offer opportunities – Swissquote
The bank forecasts emerging market currencies to strengthen against the dollar throughout the year
The EM units to watch as US and China make peace – Swissquote
Currencies such as the Thai baht, which trades heavily with China, should benefit from easing tensions
INTL FCStone extends e-trading platform across all frontier markets
The venue brings electronic FX to world’s most illiquid currencies
Karnik and Schlesinger out at BNP Paribas
Bank makes three new hires on its FXLM desk this week
US sanctions on Venezuela could spell end of petro
Crypto asset is backed by oil reserves the country can barely commercialise
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Taendler to retire from Goldman Sachs after 20 years
Recently named a partner, Christopher Taendler helped grow the FX franchise across EM and developed markets
Jamaica uses social media to calm markets after FX intervention
Central bank's Wynter says FX volatility is nothing to worry about, but makes veiled warning