Trading
Singh to lead Sucden's push into prime
Softs broker Sucden looks to build out its institutional credit intermediation service
Tradition and LMRKTS deliver initial margin optimisation
The two firms conducted a live run, resulting in the processing of 132 sides of trades within eight minutes, nine seconds
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Counterparty diversification held back by banks, panellist says
PGGM investment manager says pleas to add NBLPs to the counterparty mix are ignored by banks and platforms
Undervalued emerging markets remain attractive
But uncertainty and geopolitical risk may stand in the way
Le Pen is biggest threat to European economy
A win would raise questions about France's membership of the European Union and the future of the euro
CME to go live with triangulation and monthly FX futures
Triangulation will link futures, and both volatility- and premium-quoted options markets on February 27
Global Prime Partners launches structured products business
UK clients will gain access to a range of issuers
Credit Agricole conducts FX forwards with Orchestrade
The bank is migrating all front-to-middle processing of vanilla and structured products to the platform
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
New interim CEO for FXCM, renamed Global Brokerage
Founding members Niv and Ahdout resign following US ban from the CFTC and NFA. Meanwhile, the publicly traded company that owns FXCM Group will trade under a new name
SEB: overvalued dollar to remain strong
With uncertainty dominant in other major economies, there is little to challenge the dollar's strength for now
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
Banks gain no relief from CFTC's variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
Court fines FXCM over SNB undercapitalisation
CFTC filed a complaint after having to reach out to FXCM to learn of the $200 million shortfall
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates
Politics heightens FX risk for sterling and yen investors
Risk models show the yen to be the riskiest developed currency
Forget Trump, 2017 is not the year of the dollar – Swissquote
The bank's head of strategy is not buying the Trump story and he's bullish on the euro
FXCM hit by two class action complaints
At least 14 law firms start investigating FXCM; CFTC order provides backbone for lawsuits
FX swap margin treatment uncertain ahead of VM deadline
With one month to go, market participants are still unsure how to treat foreign exchange derivatives
Effex used last look tactics to cheat FXCM clients, NFA states
NFA names Effex Capital as FXCM's preferential market-maker, which used 'hold timer' and 'previous quote' practices
Law firm starts recruiting clients for case against FXCM
Securities law firm calls for shareholders and those with information to get in touch
FXCM’s US story ends: no-dealing desk claims false
FXCM, Niv and Ahdout banned from CFTC registration, and also by the NFA, effectively closing the broker in the US