Trading
Rabobank: cable volatility here to stay, even with soft Brexit
Jane Foley, head of FX strategy, holds a cable view for 2017 of $1.20 and $1.19 for Q1 and Q4, respectively
Platforms and LPs welcome surge of activity
The outcome of the US presidential race is an early Christmas present for platforms printing new records
FX contracts in OTC derivatives soar to record high
FX instruments, as a share of all over-the-counter derivatives, rise from 12% in 2013 to 16% this year
Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
Reflation next year could dampen multi-year dollar rally
But dollar strength is likely to play out until the first quarter of 2017
Pound rises following UK court’s Brexit ruling
The UK High Court ruled that the government needs parliamentary approval before it triggers Article 50
Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Philippines central bank adopts renminbi as reserve asset
Central bank joins a cohort of countries adopting the Chinese currency as a standalone asset; governor says it is an important development for a nation so dependent on Chinese trade
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
BMO: dollar will bump along the top of the trading range
Canadian bank expects US currency to remain strong this year
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August
BoE could cut rates again this year, says StanChart
Nick Verdi, FX strategist for the UK bank in New York, sees sterling ending 2016 at $1.20
Prepare for variation margin rules now, urges Massad
CFTC chairman talks margins, capital requirements and automated trading at FIA Expo
LMAX may seek registration in Ireland in the event of a hard Brexit
The platform believes other firms will follow suit as they seek to maintain access to the single market
HSBC: global acceptance of redback is rising
Figures come from the bank's 2016 renminbi internationalisation survey, conducted with 1,600 corporates across 14 countries
Edgewater launches matching engine in Mexico City
Another sign that the institutional FX liquidity provider is moving forward with its expansion in emerging markets
Oanda rolls out its fastest trading engine
The improved v20 packs an execution speed of 1.3 milliseconds
Powell exits Thomson Reuters
Data industry sales and management veteran leaves 20-year role
Thomson Reuters is making its Matching data feed 10 times faster
Frequency of updates on currency pairs to rise to 25 milliseconds