Trading
Monex Europe wins with dollar call
A fundamental case exists for dollar strengthening, but downside risk is building over the short term for the greenback
CME changes rules on renminbi futures contracts
The higher trading ranges reflect changes in volatility for the onshore and offshore renminbi
Currency funds maintain positive returns in August
The US dollar was down for the month as safe-haven demand shifted to the euro and the yen
FX professionals choose LinkedIn
The social media tool of choice is not being used for communication purposes but more for information gathering
China eases cross-border cash-pooling restrictions
Beijing increases the amount that international firms are allowed to pool in the Shanghai free-trade zone five-fold, making it easier for them to circumvent capital controls and manage liquidity
FXecosystem launches visual monitoring tool
The new product allows users to monitor network and market data flows in real time
Seabury names Chan as FXone's interim chief
Margaret Chan replaces Rosario Ingargiola temporarily, while Seabury makes other hires to boost its footprint in e-FX execution and liquidity management solutions for institutional FX trading
FastMatch offers one-to-one trading for $1 per million
The platform extends its FX offering to direct trading
ParFX adds offshore renminbi
The wholesale electronic platform boosts its currency offering with the addition of the offshore renminbi
Hotspot targets Europe and Asia with London FX matching engine
Hotspot’s new engine gains $1.2 billion single-count trading volumes in its first full week
FX Week Asia 2015: the pictures
More than 200 delegates attended the conference at the Westin hotel in Singapore on September 11
Saxo's Christensen steps down as co-CEO
After 20 years at the bank's helm, Lars Seier Christensen takes a step back, but will remain a significant shareholder
R5FX names new board members
All three bring extensive experience in financial and emerging markets to the firm
CMC Markets hits the jackpot with Fed call
The firm tops last week's currency forecast table with close calls on dollar weakness
Industry expecting Mifid II delay
September 24 deadline is likely to be missed, banks and lobbyists fear
Mitchell leaves Goldman
Matt Mitchell worked at the New York office of the US bank for 15 years as an FX options trader
LCH.Clearnet confirms 2016 for OTC FX options
The company is set to launch the service as the lowering of margin requirements will make clearing a cheaper option
Global Prime Partners gets green light in Hong Kong
The firm will provide execution and prime brokerage services to Asia-based fund managers and professional traders
ADS Securities launches Hong Kong retail offering
Clients in Hong Kong will gain access to more than 60 currency pairs on trading platform Orex
IG opens office in Dubai
With the opening of a new office in Dubai, the retail broker makes its first foray into the Middle East
Migrant crisis highlights remittances costs
Global remittances total more than $400 billion a year, but the costs remain sky high. Rajesh Agrawal of RationalFX aims to lower fees for workers sending money home
EBS BrokerTec draws fire for unbundling and hiking fees
Banks object to the decision by Icap’s EBS BrokerTec electronic FX and fixed-income platform to unbundle its EBS Live data feed and EBS Ticker Service data licence product from October 1, while introducing an inflation-related 3% rise for the latter
Banks unite to explore blockchain
Nine global banks commit to researching shared and distributed ledger technology, led by financial innovation firm R3
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services