Trading
Industry relieved over CLS Supreme Court win
Market disruption averted as unanimous decision goes in CLS's favour
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
Sef volumes up slightly in May
Overall liquidity picture still fragile
FX manipulation not a "methodology" issue, says ECB
FX committees of major central banks in discussion about stronger co-ordination
HSBC gains permission to trade GBP/RMB in China
China's central bank says the move will make trade cheaper with the UK
Regulators to take steps on trade surveillance
Surveillance should go hand-in-hand with new benchmark regulations, says Markit’s Hesketh
Russian central bank eases ruble restrictions
The central bank is working towards a free-floating ruble exchange rate by 2015 and lifts restrictions as political tensions ease
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for the Chinese currency in July – latest step in growth of offshore market
TMS Brokers wins with spot-on euro forecast
TMS Brokers has a bullish outlook for the dollar against other major currencies on the back of US recovery
UK rate hike may come sooner than expected, says Carney
Incremental interest rate rise needed to match UK economic growth
Trend-following strategies will bounce back – academics
Returns drop in post-crisis situations, but positive overall
Scottish independence not a threat to OTC contracts
Scottish government unlikely to force contract changes if 'Yes' campaign wins
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
CCPs clear less than 2% of NDF contracts
The appetite for market participants to clear NDFs is conspicuously absent, despite a number of CCPs offering the service
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
China Construction Bank set to become London renminbi clearer
Announcement due during Chinese premier's UK visit next week
LCH.Clearnet gains Emir approval
Clearer given the go-ahead by Bank of England
CRT Capital shuts FX agency desk
CFTC regulations and prime broker conservatism over them have led to the intermediary's closure, according to its FX head
FX Focus - Banks fear Sef arbitrageurs
Some banks are scared to make prices on platforms offering both order book and request-for-quote trading, claiming users may be able to game them by using the two approaches in conjunction, with the result that dealers stop being 24-7 liquidity providers…
FX Focus - Sef volumes still struggling
Sef volumes are struggling to get off the ground as the industry waits for trading options and NDFs via a Sef to become mandatory. Can smaller Sefs survive this barren patch? By Michael Watt
FX Focus - Editor's Letter
Sef equivalency problems point to wider trust issues among regulators
FX Focus - Is Sef equivalency still solvable?
Negotiations for an equivalency system to allow European platforms to offer Sef-like liquidity to US persons fell apart in mid-May. Participants blame CFTC intransigence and warn of permanent fragmentation of the market. Can a solution still be found?…
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow