Trading
Monex Europe: muted sterling reaction after UK hung parliament no surprise
With a new government more likely to go for a softer Brexit, the lack of a big sell-off is nothing shocking, says broker
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Oanda expands partnership with TradingView
Building on the integration of TradingView’s advanced charting solution with Oanda’s fxTrade web and desktop platforms
Just six banks caught by phase two of IM regime
Four EU, one Japanese and one Australian bank start posting initial margin on non-cleared trades from September
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Broadridge and Spence Johnson join forces
The strategic alliance enables asset managers to analyse retail and institutional data together
Sterling to move higher against dollar, despite election result – CIBC
Despite the hung parliament in the UK, the pound is in a better position than the greenback
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
Yuan surge is unsustainable – Westpac
USD/CNY is expected to trade at 7.00 in Q3, and at 7.20 by the first half of 2018
Nex Group’s Knott untangles banks’ trade challenges
Post-trade business reorganises with a focus on cost cutting and simplification
Range-bound market is sticking around – SEB
But a big downward move is probably coming for the dollar
GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21
BIS releases final version of GCC
The BIS’s FXWG, led by Guy Debelle, releases the document containing 55 principles for good conduct in FX markets
Euro set to shine as dollar wobbles – LCG
Evaporation of pressing political risks in wake of French election opens the way for the euro to head towards $1.15
