Non-deliverable forward
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
NDF nightmare: banks seek fix for benchmark ‘mess’
European firms face being barred from using three Asian fixings from 2020, raising concerns about legacy trades
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
Cboe Sef adds more currency pairs
The platform offers NDF trading in USD/RUB and USD/PEN
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
FastMatch launches two new order types
The venue also makes changes to its system to improve market data rates
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
Best execution tops list of daily challenges – JP Morgan survey
The bank questioned more than 400 institutional investors about e-trading trends for 2018 in fixed-income and commodities markets
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
CME's Pandit: NDFs and FX options in focus
CME Group gears up for launch of cash-settled FX options clearing in Q4 2017, following a busy first half
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
Euronext completes FastMatch acquisition
Exchange operator receives regulatory and anti-trust approval to continue muscling its way into FX
Thomson Reuters completes Mifid II desktop enhancements
The firm starts onboarding clients to its improved multilateral trading facility