Trading
Buy-side FX trading curbed as margin rules take hold
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
BoE wrong to act so soon – CMC Markets
Despite gloomy consumer confidence data, retail sales rose in July – evidence that data does not support the decision
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Central bank measures are losing the element of surprise
As the Fed holds rates steady this year, G10 currencies are expected to trade flat, says Dominic Bunning, HSBC's senior FX strategist
Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Sterling has further to fall – ABN Amro
Following action by the BoE and with more negative data on the economy expected, sterling is likely to hit 1.20 by the year end
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
FXTM expands to South Africa after regulatory approval
Cyprus-based retail broker sees potential for new customers
Westpac tops forecast table on stronger dollar call
Australian bank sees markets focusing on central bank action once again