Trading
Suspended traders prepare to fight back
Traders prepare to defend actions that have led to suspension of dozens in connection with the global FX probe
Three-quarters of RMB participants feel depreciation pain
RMB volatility rises as PBOC forces currency down against USD
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
European Court of Justice knocks back UK Treasury’s FTT challenge
Treasury must wait until FTT is properly fleshed out before challenging again
Sterling strength cuts £3.5 billion off UK dividend payments
Rises in sterling against the US dollar and the euro have wiped billions off UK investors' dividend payments from some of the largest companies
Richard Farrell joins Integral as managing director
Integral hires Farrell in New York as managing director for business development and sales
Best execution driving demand for pre-allocation aggregation, says Traiana
Settlement and reporting of block trade made easier under new service
Buy side needs to attach costs for execution
Investigation into currency benchmarks is the result of asset managers outsourcing execution to banks at no cost
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Currency derivatives - regulating with consistency
The chief executive and chairman of the Wholesale Markets Brokers' Association (WMBA) say regulatory complexities have left market participants in the dark on derivatives
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly
Kantox forms European FX advisory board
Peer-to-peer platform attempting to stay ahead of FX market changes
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
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
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
Brokers at loggerheads over Sef volume data
Following the FIA's launch of a Sef volume data service, brokers warn that problems still remain at the source of the published data