Trading
PRA chief sends ‘Dear CEO’ letter on crypto
Regulator warns of financial and reputational risks that exposure to such assets could have on their firm
BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange
Cobalt unveils credit-management platform
Credit providers can see exposures in real time
HC Tech: it’s time to speak up
Recent industry survey shows HC Tech is biggest liquidity provider in US by market share
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Northern Trust partners Lumint for FX solutions
The partnership supports further innovations in hedging programme management and analytics
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
Mark Johnson’s attorneys point to Isda agreement in appeal
“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
NDF nightmare: banks seek fix for benchmark ‘mess’
European firms face being barred from using three Asian fixings from 2020, raising concerns about legacy trades
Thomson Reuters expands crypto sentiment data feed
Cryptocurrency sentiment package monitors more than 2,000 global news and 800 social media sites in real time
Active traders were stabilisers during FX shocks, says think-tank
The three largest currency moves of the past 20 years give insight into trading behaviour across segments, says JP Morgan Chase Institute
INTL FCStone rolls out e-platform for frontier units
Platform to streamline price discovery of exotic currencies through more electronic process
FX volumes rise in May
Trading platforms continue positive trend that started at the beginning of the year
Esma to restrict promotion of CFDs from August 1
Under new rules, retail FX brokers will need to provide prominent warnings on the risks involved in CFD trading
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
MarkitServ connects to Asigna for clearing Mexican peso
New connection enables a standardised workflow and connectivity for clearing Mexican peso TIIE 28 swaps
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
Capitolis to go live with FX novation service
Following the launch of the credit-switching service, Capitolis is set to go live with novation in partnership with BlueCrest, Brevan Howard, Citi and HSBC
Record wins Sunsuper mandate
UK-based specialist currency manager gets AS$350m mandate as part of multi-strategy product
CLS profits down in 2017 as firm invests
Settled volumes continue to grow year-on-year and underlying profits are in line with expectations, Puth says