Foreign exchange
FEMR responses show split on last look debate
Market participants are split on how and if last look practices should be regulated
Spreads widen as liquidity worsens in FX
Executing large orders can be as much as 25–30% more expensive as banks pull out of risk warehousing
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today
Morgan Stanley wins long-term forecast with USD view
The greenback's rally is still midway and should last for years
BGC clinches GFI deal as hostile bid draws to a close
Broker succeeds in its quest for rival GFI after drawn-out takeover battle
Swedish krona emerges as funding currency of choice
Sweden's decision to flip its rates into negative territory boosts the currency's popularity in the near term
G10 FX revenue sinks 45% since 2009, says report
Coalition's research, compiled from 10 major banks, shows Ficc revenues and headcount down year-on-year as firms struggle to turn the tide
Barclays warns of possible Barx disruption on Grexit
Bank warns clients to expect highly illiquid conditions, wide spreads and delays with orders on Monday
Jones finds inspiration in Pierrepoint for FX execution
Ex-Citi FX head names advisory after Albert Pierrepoint, the UK's last executioner
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
Sizeable renminbi devaluation a major tail risk, says Baml
Chinese inflation data suggests the People's Bank of China could rethink its current renminbi strategy
EUR/USD call pushes BNP Paribas to the top
The bank expects the dollar to continue its uptrend against G10 peers in the long run
Asset managers face last-minute fee puzzle on benchmarks
Some sell-side firms have yet to inform clients of their plans for fees on benchmark execution
Multi-dealer options platform sees record growth
Digital Vega sees 160% uptick in volumes on Medusa in 2014
EBS Direct may cannibalise EBS Market, says Spencer
But innovation will help the broker to avoid becoming "toast"
Swissquote wins by anticipating euro weakness
Broker views the pause in USD/JPY as temporary, forecasting EUR/USD to trade near parity by the end of this year
Pressure builds on Denmark as central bank slashes rate
Analysts anticipate the central bank having to cut the deposit rate further, but maintain the peg will survive
Citi takes proactive stance on FX bonuses
Citi's FX traders will lose their cash bonuses if they are let go this year and are seen to have committed misconduct
Gerko to exit GSA and set up market-making business
Head of GSA's market-making team is set to go it alone in July
SNB fallout highlights danger of agency only models
Retail brokers with agency only models suffered steep losses following the SNB decision while principal brokers came out relatively unscathed
Bats won't hike fees on Hotspot, says Concannon
The stock exchange operator is committed to its core low-cost strategy, says Bats Global Markets president Chris Concannon