Trading
Non-banks up the ante in Asia's FX markets
Primary providers are seeing their market share for spot and derivatives erode as corporates turn increasingly to non-banks, new research shows
For a few dollars more: Japan banks tackle dollar/yen basis jump
The dollar/yen cross-currency basis has widened nearly 50% in recent months due to a surge in demand from Japanese banks and regulatory constraints curbing supply from US dealers. With trading costs soaring, Japanese banks are turning to more exotic…
Iorio departs Barclays after seven years
Jim Iorio, head of global FX and commodities distribution, leaves the UK bank
ECB takes steps to discourage trading on euro reference rate
The European Central Bank delays publication of the euro rate until 15:00 GMT and warns it may delay a whole day if trading activity linked to the rate does not decline
Dangerfield appointed interim CTO at FXecosystem
Matt Dangerfield brings 19 years of ultra-low latency experience to the connectivity provider
Saxo signs partnership with JSC Galt & Taggart
The new partnership aims to bolster Saxo Bank’s business platform for its institutional client base
CIBC scores with three spot-on calls
The Fed could make two dovish hikes and relax for much of 2016, as the election cycle gets under way and markets adjust to the tightening policy
Renminbi payments double between China and Japan
But while the Chinese currency is booming, trading volumes in the wider FX market fell in November
Pillitteri and Jerome among Morgan Stanley exits
The US bank levies staff cuts of 25% in FX and rates globally
Power shifts to PBs in new credit landscape
"My utmost concern is to make sure my prime broker is happy," says ADS Securities' chief operating officer
FXecosystem shaves 2 milliseconds off London-New York round-trip
The connectivity provider for the FX industry reduces latency further between the two cities
CLS and Markit extend FX settlement to cross-currency swaps
The currency settlement utility and global provider of financial information services join forces to tackle the growing demand for clearing solutions in the swaps market
FX can protect the portfolio during shocks
While not always providing spectacular returns, holding foreign exchange as part of a wider portfolio can be extremely valuable
JPM and Citi stay top of Coalition's Ficc rankings
The two strongest performers in the third quarter were JP Morgan and UBS
Culture Wars: how long can David keep saving Goliath?
As the FX market mulls over the implications of FEMR, Ed Eger, chief executive of Oanda, argues why smaller players can no longer be the fall guys for the unethical behaviour of major institutions
Grand redesign
Non-bank market-makers are increasingly being viewed as serious players as they set about building customer franchises amid a wide-scale bank pull-back
IMF approves renminbi's inclusion in SDR basket
The move puts the renminbi on course to achieve reserve currency status
Barclays lands top spot on euro call
There is mounting expectation that three central banks could act in December
Evolution of FXPB landscape isn't over yet
Cost of capital and risk control will shape the conversation in 2016
Transparency needs to be balanced by choice
The drive for greater transparency should focus on behaviour and risk management
Spreads need to widen to boost liquidity
Panellists at the 14th annual FX Week Europe conference warn of increasingly illiquid markets
CLS discusses renminbi inclusion with PBoC
The talks, which have been going on for several years, are still in the exploratory phase
EM currencies set for brighter year in 2016
As uncertainty over the timing of the Federal Reserve's rate hike is likely to fade, emerging markets currencies are set for a stronger year
Banks eye Traiana for EM FX netting service
Industry turns to the Icap-owned utility as CLS's emerging markets push stalls