Trading
Lack of FX volatility helps banks with staff shortages
A significant market event is likely to stretch fewer FX traders at banks, which could lead to advantages for those not embroiled in the FX investigation, say market participants
ACI asks FCA to conduct probe into UK data leaks
FCA and currency industry trade body to look into possible data leaks around major economic data releases
RBI pushes independent benchmark body
Indian central bank recommends administrative body for FX rate governance
Banks create specialist teams in surveillance "over-reaction"
Banks have tightened their electronic surveillance measures for chatrooms, in a move traders say is creating fear and uncertainty
WMBA says EC's FX spot consultation misses the point
Trade body hits out at European Commission’s consultation on FX spot definition
EU set to exempt FX swaps and forwards from initial margin requirements
Consultation document removes initial margin requirements on €6.9 trillion of uncleared FX swaps and forwards
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
Currency managers do make money, says Levanoni
More than half of FX managers still making returns in tough environment
EBS launches eFix Matching
The electronic broker has joined forces with Icap's voice broking team to launch an electronic fixing service
Panel clashes on best execution and NDF clearing in Boston
A panel at the annual FX Invest conference in Boston tackled the difficulties of NDF clearing and best execution costs
FX benchmark manipulated more than 25% of the time, plaintiffs say
Plaintiff's council is alleging manipulation occurred in six currency pairs on the last trading day of each month
India reverses curbs on USD/INR trading
India's financial regulator has rolled back emergency measures it introduced last year as USD/INR rate stabilises
Trading platforms hope for end to 'Truman Show Market'
Trading platforms are looking to expand into new areas and asset classes to combat stagnant volumes
FastMatch NY suffers trading delays
'Short-lived slowness' affects HFT spot platform due to excessive activity
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
Lloyds Bank removed as defendant from FX lawsuit
Lloyds Bank is no longer a defendant in the FX class action lawsuit in the US, while BAML and BNP Paribas have been added to the case
Barrier options hedging could come under scrutiny in fixing probe
The way FX traders hedge barrier options in the lead-up to expiry has been called into question by former traders at major banks
Lab49 unveils platform partnership with UBS
Technology consultancy has been working with UBS on its Neo platform since 2010, the firm reveals today
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
Buy side prefers voice trading to electronic execution
Some firms have claimed e-FX trading figures are not a true reflection of how many firms on the buy side operate in the market
Forex clearing drives Nasdaq OMX reorganisation
Global market services unit designed to improve trading transparency for exchange’s clients
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants
EBS rolls out randomisation across the board
EBS implements one to three millisecond latency floor in most active currency pairs after a six-month trial in the Australian dollar and Swiss franc