Trading
October saw FX turnover reach new heights
UK foreign exchange volume rose from $2.4 trillion in April, while FX spot and options were the main winners across jurisdictions
Barclays attempted to cancel Swiss franc trades
EUR/CHF trades executed with Barclays are being negotiated between bank and buy-side counterparties after the British firm looked to cancel some FX trades following events on January 15
SNB fallout claims hedge fund victims
Macro funds from London to New York have been knocked out by the SNB's decision to call time on its EUR/CHF currency floor
Swiss franc fallout will last for months, says buy side
The dearth of FX liquidity will make the unwinding of short Swiss positions a lot harder for the buy-side community to handle
LMAX Exchange opens shop in Hong Kong
LMAX Hong Kong is the company's first step in establishing a presence in the Asia-Pacific region
FX platforms switch off ruble trading
Bloomberg and FastMatch suspend trading, following similar decisions by retail platforms after extreme RUB volatility
Thomson Reuters Matching adds MYR and PHP
The platform has expanded its universe of currencies to include USD/MYR and USD/PHP
Regulators highlight dark pool concerns
Bank of England emphasises the potential risks of too much liquidity migrating away from open-market venues
Traders battle it out in final days of Saxo Trade Challenge
The bank's social trading portal has accumulated 300,000 unique users
Buy side highlights TCA data issues – FX Week Europe
Trading heads at PGGM and Legal & General Asset Management debate the use of transaction cost analysis in foreign exchange
Ruble liquidity split unsettles market
EBS and Thomson Reuters are among the hardest hit by a dearth of offshore liquidity as some market-makers pull back from the ruble
Thomson Reuters volumes dip, but still up 21% on the year
Volumes on Thomson Reuters' Matching and FXall venues dip since September, but are up 21% on October 2013
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
EBS volumes hit record high for 2014 on October 31, topping $200bn
The company records flows of $250 billion on the last trading day of October
Bank of Japan easing reaffirms dollar bull trend
Strategists see USD/JPY trading at 115 before the year-end and at 120 by September 2015
Buy side joins calls for delay to NDF Sef trading
NDF trading should not begin on Sefs until rates and credit issues are resolved, say market participants at Risk USA
Electronic trading grows tenfold in some EM currencies
Delegates at the FX Week Asia conference in Singapore heard about the challenges and opportunities Asian electronic trading offers
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
Bloomberg Sef sees $60 billion worth of FX trades in first year
Notional value of $59.78 billion passes through the platform's doors in the last 12 months
Banks consider sealed trading rooms to reform benchmark procedures
Traders executing fix orders are to be isolated from colleagues to prevent manipulation
Volume boost for EBS at last
Volumes up in third quarter, but still depressed by historical standards
Tradition launches African FX futures
Zambian, Kenyan and Nigerian currency futures to be offered on JSE
Colt expands FX Liquidity Access service
Regional banks hanker after greater FX liquidity
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach