Trading

• Foreign Exchange

ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure

Senior ECB official accuses currency project of “treacherous promises”

• 04 Sep 2019

• Foreign Exchange

Argentina reimposes currency controls as peso plummets

Authorities aim to stem depreciation of peso, down 23.9% against dollar since August 11

• 03 Sep 2019

• Foreign Exchange

No noticeable fund outflows amid protests – HKMA

Exchange Fund sufficient to back currency in case of capital outflows, central bank says

• 23 Aug 2019

• Risk Management

FX class action could run into billions – UK class representative

Given London’s share of the FX market, the damages sought could be greater than those received in the US

• 23 Aug 2019

• Foreign Exchange

Argentine governor rules out holding peso at unsustainable level

Guido Sandleris reaffirms commitment to tight monetary policy to tame inflation

• 22 Aug 2019

• Risk Management

Carney warns Germany and France of Brexit derivatives cliff edge

Bank of England governor says it is in “interest” of EU countries to ensure full viability of financial contacts ahead of Brexit

• 20 Aug 2019

• Trading Systems

Danske overhauls FX technology to rebuff Tier 1 competition in Nordics

Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates

• 19 Aug 2019

• Foreign Exchange

Brazilian central bank to sell dollars outright for first time since 2009

It remains committed to floating currency regime

• 16 Aug 2019

• Trading

FX volatility rouses from hibernation

Volatility picks up on back of fluctuating US-China trade tensions and central bank easing

• 15 Aug 2019

• Wholesale

MUFG eyes financial institutions, pension funds in expansion

Japanese bank wants to build a broader client base beyond corporates

• 15 Aug 2019

• Reserves

Argentine central bank tries to halt peso’s slide

Peso falls after primary election results come as blow for President Macri

• 14 Aug 2019

• Foreign Exchange

Asia awaits term SOFR solution for local benchmarks

Singapore, Thailand and the Philippines look at ways to replace Libor in benchmark calculations

• 14 Aug 2019

• Risk Management

Standard Chartered fares best in mixed Q2 European Ficc results

Client activity remains muted as low volatility and geopolitical uncertainties weigh on sentiment

• 13 Aug 2019

• Central Banks

Shekel’s strength clouds Bank of Israel’s inflation outlook

Economists ponder whether central bank actions contribute to lower prices and what priorities it should consider in the near future

• 12 Aug 2019

• Foreign Exchange

ECB to assess Croatian banks in euro membership prep

Croatia could join the eurozone by 2024

• 12 Aug 2019

• Trading

Trading volumes fall on most ECNs in July

FXSpotstream bucked the trend with yet another year-on-year increase

• 09 Aug 2019

• Risk Management

How the top 50 liquidity providers tackle last look

Uneven disclosure practices are making life difficult for agency algos and ECN trading

• 08 Aug 2019

• Risk Management

Six big FX market-makers call for end to last look

Citadel Securities, Jump and Virtu among those repudiating controversial practice

• 07 Aug 2019

• Foreign Exchange

PBoC to issue central bank bills to support yuan

Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say

• 07 Aug 2019

• Foreign Exchange

US Treasury designates China a currency manipulator

Renminbi crosses barrier of seven yuan per US dollar amid trade tensions on August 5

• 06 Aug 2019

• Foreign Exchange

PBoC vows to keep renminbi stable

Central bank governor says yuan at appropriate level after breaking 7:1 against US dollar

• 06 Aug 2019

• Central Banks

Turkey increases reserve requirements on FX deposits

Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira

• 06 Aug 2019

• Algorithmic Trading

Tradepoint’s passive triangulation algo for synthetic crosses

Product allows regional banks to show passive interest in non-existent pairs where there is no direct market

• 05 Aug 2019

• Trading

BNPP launches hybrid NDF algos as electronic trading matures

Launch of BNP Paribas’s algos follows fast-growing demand for NDFs

• 05 Aug 2019