FX Markets - 25 Jan 2016
Articles in this issue
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
FlexTrade appoints two in sales
Glen Sargeant and Marek Lewandowski join the vendor as Emea sales managers
Glyptis joins Sapient Global Markets
The former head of BNY Mellon's Emea innovation centre joins Sapient as director
Pearson leaves RBS
Head of FX exits the bank following sabbatical
ITG names new board chairman and chief executive
Minder Chang becomes chairman while Frank Troise returns to assume the role of chief executive
Gain Capital takes top spot with close calls
The firm sees the dollar strengthening further
Q4 Ficc revenues drop for US banks
Firms also experienced falling revenues last year, amid challenging conditions
R3 connects 11 banks via distributed ledger
The firms complete mock trades in a series of experiments that could determine blockchain's application in the finance industry
PBoC pumps $61bn into China's financial system
The cash injection comes ahead of the Lunar New Year, which usually sees an increase in demand for money
Hong Kong peg to be tested by speculators, say analysts
The HK dollar hits its lowest level in nearly a decade, placing the peg ‘under fresh scrutiny' and prompting fears of possible attack
Nembrini joins Quantic Asset Management
London Capital Group's former head of institutional sales and trading joins the asset manager, focused on FX
China's central bank explores digital currencies
The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies
Ruble slides to all-time low
The recent falls in oil prices have dragged the Russian currency with it