FX Markets - 3 Oct 2016
Articles in this issue
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets
Apostol to join Credit Suisse hedge fund sales team
He moves from a similar post at RBS
INTL FCStone subsidiary upgrades payments platform
Global payments division launches Fix protocol for cross-border payments in exotic currencies
Priips set to shake up FX transaction cost analysis
European regulators poised to place new burdens on asset managers regarding FX
Trenner launches new venture post-EBS
He leaves post of head of corporate development for EBS BrokerTec
LMAX pushes into North America with new matching engine
New liquidity pool based in NY4 is aimed at funds, asset managers, brokers and banks
Jer takes over from Sinclair as MarketFactory chief
James Sinclair to become executive chairman of MarketFactory
CLS to launch payments netting service
CLS Netting, expected to go live in late 2017, will allow institutions to net trades currently not included in the CLS settlement service
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
Banks warn prime brokerage clients of ‘material’ MVA costs
Some buy-siders are reassessing relationships as a result
ITG hires Costa-Santos and Nogueira
Costa-Santos will be head of FX, while Nogueira will be a director in the analytics team
Rabobank: Trump expectations will favour safe-haven currencies
Rabobank says the likelihood of a Republican victory could spark a flight to safety and a broad correction in many risk assets
EBS launches Live Ultra data feed
Participation criteria set at $200 million of price maker orders as minimum and requires participants to act as makers at least 40% of the time
CBOE buys Bats for $3.2bn
The firm is expected to incorporate the functionality of both platforms and migrate its trading to Bats' proprietary system
Kite launches blockchain jobs website
Consulting group goes live with Blocktribe, a specialist recruitment site
EU non-cleared margin regime set to take effect in January 2017
EC expected to publish its final non-cleared margin rules on October 4
GTX to launch London and Tokyo matching engines
London engine goes live on October 15, with TY3 to follow within 90 days. GTX partners Nightberg for research
IPC to onboard FastMatch to its FX Hub
The move provides market participants on the IPC ecosystem with access to FastMatch's trading platform and other services
FastMatch partners TradAir
Trading venue will target institutional clicker traders to diversify liquidity and boost volumes
Ex-Citi Soliman launches new PoP venture
Backed by New Zealand-based Stater Holdings, the firm is targeting sub-$50m hedge funds and retail brokers
Yaroyov heads up e-markets distribution at Sberbank CIB
Vladimir Yaroyov joins from Moscow Exchange, where he was head of FX