Trading
FEMR responses show split on last look debate
Market participants are split on how and if last look practices should be regulated
Spreads widen as liquidity worsens in FX
Executing large orders can be as much as 25–30% more expensive as banks pull out of risk warehousing
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Currency manager calls for Swiss franc liquidity inquest
The collapse of foreign exchange liquidity during and after the huge Swiss franc move on January 15 caught market participants by surprise. Some are calling for an official enquiry
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today
Morgan Stanley wins long-term forecast with USD view
The greenback's rally is still midway and should last for years
BGC clinches GFI deal as hostile bid draws to a close
Broker succeeds in its quest for rival GFI after drawn-out takeover battle
Swedish krona emerges as funding currency of choice
Sweden's decision to flip its rates into negative territory boosts the currency's popularity in the near term
G10 FX revenue sinks 45% since 2009, says report
Coalition's research, compiled from 10 major banks, shows Ficc revenues and headcount down year-on-year as firms struggle to turn the tide
Barclays warns of possible Barx disruption on Grexit
Bank warns clients to expect highly illiquid conditions, wide spreads and delays with orders on Monday
Jones finds inspiration in Pierrepoint for FX execution
Ex-Citi FX head names advisory after Albert Pierrepoint, the UK's last executioner
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
Challenger platforms face first real test as FX markets pick up
Numerous trading platforms have sprung up since 2011, bang in the middle of years of stagnating volumes. As volatility comes roaring back, they face a crucial year
Sizeable renminbi devaluation a major tail risk, says Baml
Chinese inflation data suggests the People's Bank of China could rethink its current renminbi strategy
EUR/USD call pushes BNP Paribas to the top
The bank expects the dollar to continue its uptrend against G10 peers in the long run
Asset managers face last-minute fee puzzle on benchmarks
Some sell-side firms have yet to inform clients of their plans for fees on benchmark execution
GSA split amicable, Gerko says
GSA's head of FX trading says his spin-off from the hedge fund was planned for months, with the support of GSA
FXCM's Niv blames banks for extreme Swiss move and losses
The January 15 drop in EUR/CHF was a 'global market function failure' as banks failed to provide prices, Niv says
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
Australia corporates revisit FX hedging after AUD slide
Currency risk management is now a major focus for Aussie firms
USD/CHF options burn banks amid illiquid markets
Traders say dealers who lost money in last month's huge Swiss franc move are likely to have done so because liquidity evaporated, making it impossible to hedge sold options
114 jobs go from bankrupt Alpari UK
The FX retail broker has struggled to sell its assets since the appointment of KPMG as its administrator