FX Markets - 10 Apr 2017
Articles in this issue
David Puth: Principle 17 will be subject to review
Audio webinar hosted by FX Week and the ACI Financial Markets Association saw more than 100 individuals dial in to ask questions ahead of the Code’s release
Esma submits technical standards on non-equity tape
Given the complexity of the non-equity universe, Esma says it has taken a more pragmatic approach to the non-equity consolidated tape
LMAX Exchange is the first to commit to FX Global Code
The change of heart follows reassurance that Principle 17 on pre-hedging will be subject to comment after final release
Cobalt partners LMRKTS and launches BlueSky platform
LMRKTS to make compression algos available using Cobalt’s DL technology-based post-trade FX network
MahiFX gains FCA authorisation
Watchdog allows MahiFX to offer products and services in the UK
CLS extends payments-netting service to all global currencies
CLSNet, expected to go live in Q2 2018, will comprise 140 currencies
IPC partners TransFicc for low-latency links to multiple venues
TransFicc’s API simplifies the process of connecting to new trading venues and handling vast amounts of data
Spot volumes rise in March
Secondary venues see robust volumes; primary platforms also tick higher
Czech National Bank removes koruna cap
After three and a half years, the central bank scraps the floor on EUR/CZK
Jury acquits two over Libor manipulation
The two men were cleared of charges of conspiracy to defraud
Ekblom moves to Singapore with Deutsche
Kristian Ekblom also switches G10 options for EM options
Soper and Lawrence leave Nomura
Both long-standing FX traders were based in London
CMC Markets: sterling could hit 1.30 in the coming months
Interest rate differentials could narrow against the US dollar, meaning the pound may break higher