Trading
Third-quarter FX revenues slide further at banks
G10 foreign exchange continues its two-year decline amid low volatility
FastMatch opens FX Tape to public
Data service attracts a monthly cost of €40
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
Angel CoFund invests in OTCX
The OTC derivatives-trading platform receives backing from the investment fund
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Flow Traders aims to become a leading FX liquidity provider
The Dutch market-maker has partnered MarketFactory to make a push into the currencies space
Asian buy side faces non-cleared margin currency penalty
Global banks charge premium for accepting local securities instead of major currencies
Barbados bar owner rolls out FX broker comparison site
Website targets SMEs seeking to obtain the best price for their international payment transfers
Oanda offers new core pricing model in Australia
Australian clients gain choice between spread-only pricing or reduced spread plus commission-pricing model
Wells Fargo says FX departures not related to front-running
Spokeswoman says executives' exits are unrelated to misconduct such as market collusion, market manipulation or front-running
Canadian FX committee adds new members
It also renews the expired terms for four institutions
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
China to loosen grip on yuan – Westpac
With growth on a good footing, reform will resume after Xi Jinping's renewed leadership mandate
ECU and HSBC clash over data
ECU wants the bank to hand over data relating to three stop-loss orders, executed in 2006, in a pre-action disclosure application
River and Mercantile opts for OTCX
Asset manager seeks to digitalise and optimise its OTC derivatives processes
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
Swissquote: dollar has room for correction, but not a comeback
The bank's head of market strategy says markets under-appreciate the Fed's commitment to policy normalisation
