News/Risk Management
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
CME readies for Bloomberg Index futures launch
CME Bloomberg Dollar Spot Index futures will track a basket of 10 developed and emerging market currencies
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
Markit rolls out FX trade-affirmation service
Banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data at a central location before it is processed
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
Corporates must bridge internal gap to manage FX risks
With earnings battered by volatility, company treasurers and boards need to see eye to eye
PBoC eases despite continued depreciation fears
China's central bank cuts reserve requirements amid intricate balancing act between buoying slowing growth, maintaining financial stability, and safeguarding the value of its currency
Asset managers need better handle on costs, processes
Panellists highlight the challenges they face in the pursuit of best execution
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
Marquard takes on strategy role at CLS
He is still general counsel and representative for legal matters to CLS's executive management committee and CLS Group board
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Banks are not catering to our FX needs, say SMEs
Such barriers may hinder firms from achieving their global expansion aspirations
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg
Corporates more concerned about currency moves
Firms are increasing their hedging and trying out different products
DoJ requests information on TP-Icap broking deal
Tullett Prebon is set to acquire Icap's global hybrid voice-broking business