Foreign exchange
UBS pays $135 million in FX benchmark case
The Swiss bank is the latest to settle civil litigation in the US over the manipulation of FX benchmarks
Saxo wins with EUR/USD call
The Danish bank correctly anticipates the scope of EUR/USD losses in anticipation of the ECB's quantitative easing
Banks lower EUR/USD forecasts after pair touch 12-year low
ECB's QE and negative rates fuel capital outflows, which will weigh on the single currency in the foreseeable future
Top banks' market share dips as clients pick e-trading
The five largest banks still control just over half of the $5.3 trillion global flows, but dominance wanes
DoJ and anti-trust lawyers compromise over FX lawsuit
The US regulator restricts the finer details of its evidence against banks, but allows counsel to continue its civil case
RJ O’Brien snaps up The Kyte Group
The wholesale broker strengthens its European business as GFI Group offloads one of its subsidiaries following sale to BGC
FX fees boost Moscow Exchange full-year results
The exchange's bottom line is bolstered by FX revenues
CLS on track with Hungarian forint adoption
Currency will be added to settled units in November
FXCM discloses data for global market failure event
Retail broker blasts SNB and liquidity providers, highlighting lack of circuit breakers
Deutsche Bank expects EUR/USD parity by end 2015
ECB's QE and negative rates fuel capital outflows, which will weigh on the single currency in the foreseeable future
Prime brokers raise capital requirements
Minimum requirements for balance-sheet size upped to as much as $50 million
Barclays wins with positive view on US economy
Declining oil prices should boost US domestic consumption and in turn lead to further dollar gains
FX fines could exceed $7.5 billion
Fines from regulators, as well as civil litigation in the US and events since January 15, are taking their toll on the FX industry
Renminbi set to recover losses against dollar
The central bank is likely to announce further cuts to bring more liquidity into the economy as it announces a lower GDP target for this year
Standard Chartered sees strong FX volume growth
But growth is offset by margin compression; fellow UK bank Barclays ups war chest for FX investigation to £1.25 billion
EBS volumes tick lower in February
Platform sees lower flows in the second month of the year after stellar start
Nasdaq eyes rolling spot to capture FX share
The US firm is the latest exchange to move into FX as it targets customers who do not take physical currency delivery
FX funds in the black for seven months in a row
The Parker FX Index registered a seventh-consecutive month of positive returns, with 2.71% for January
Cable view pushes City Index to the top
Forecast for drop in GBP/USD was backed by declining oil prices and low inflation in the UK
RBC becomes EBS Direct's first Canadian liquidity provider
Addition of RBC will boost platform's share of Commonwealth currencies, EBS says
Emerging markets will be resilient in the face of US rate hike
Strong dollar and low oil prices will benefit countries such as Turkey, China and Hungary
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
Buy-side grapples with fix fee puzzle
Panelists at the 8th FX Invest Europe conference discuss benchmarks, last look and changing industry dynamics
RBS suspends two more in FX
The bank has moved to suspend two senior employees in London