Trading
ITG launches new FX benchmark
Research and execution broker aims new reference price at portfolio managers and traders as the race to find alternative benchmarks heats up
SNB stands pat on EUR/CHF floor, despite market jitters
Swiss central bank ready to buy FX in unlimited quantities to preserve 1.20 currency floor
FX Focus - Editor's Letter
Cash management products promise to save millions for corporates, but costs could rise elsewhere as regulation begins to bite
Commerzbank discusses regulation and co-operation in FX market
Commerzbank’s Eugene Stanfield, head of derivatives execution and clearing services, Rob Scott, head of custody and collateral solutions, and Nick Downes, head of e-FX sales, discuss the recently established Market Services business line, which will help…
FX Focus - The magic world of cash management
Several of the largest banks have merged treasury and FX desk services to help clients dispense with costly local currency accounts. Corporate treasurers have often viewed this as some form of alchemy, but the significant savings promised by banks seem…
Azimo launches euro money transfers to Scotland
New service will be in place before independence referendum
CIBC wins by reinforcing bullish USD view
ECB launch of an asset-purchase programme supports the bank's bearish euro view
Democratisation of risk masks volume discrepancy
The fundamental rearrangement of roles in FX markets is driving underlying volume growth and market structure changes
London set to become dominant RMB hub
Three cities will beat off competition from other financial centres
No end in sight for Sef confirmation struggles
Nearly 12 months after the last Sef was issued, the CFTC finally offers clarification, which splits opinion
CLS faces up to Eastern realities
CLS suspends operational trials of the ruble and will delay the currency's adoption from its original November deadline
Corporates waste millions on currency accounts
New product should reduce costly corporate currency accounts
US corporates prepare for Scottish vote
US corporates appear more active than their UK peers in mitigating FX market risk in case of a Yes vote in the September 18 Scottish referendum
ParFX launches buy-side push
First trade via prime completed on August 28, trial phase will run to four weeks
Banks struggle to solve FX conduct issues – Wheatley
FCA admits banks are finding it hard to stop bad practices, while UK ministers raise concerns over bank fines
BGC aims for GFI buyout
Brokerage firm offers $5.25 per share in hostile takeover of rival
FX reform: if it ain’t broke, don’t fix it
Code of conduct needed to balance structural reforms, says WMBA
USD/BRL on the move in expectation of government change
Projections still see currency weakening against the dollar as the market keeps one eye on presidential elections next month
RMB cash management in limbo as market awaits PBoC guidelines
Banks eager to offer two-way sweeping accounts throughout China, but rules not in place
FXCM scraps dealing desk following FCA review
Lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30
EUR/CHF long positions make market anxious
The recent downward pressure on the euro has led Saxo Bank to reconsider the margin it charges as the Swissie floor gets hit
Sterling set for instant 5% fall if Scotland votes Yes
Market still sees independence as unlikely, but participants buying sterling protection
Taiwan fixing could fragment offshore renminbi liquidity
Latest CNH fixing will be a boon for Taiwan’s derivatives market, but concerns have emerged over the potential silo-isation of the renminbi market
BBVA wins with upbeat dollar view
Bank forecasts marginal gains for USD, driven by positive US economic data