FX Markets - 31 Oct 2016
Articles in this issue
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
Tripathi swaps UniCredit for Capula
He was an emerging markets FX options trader
Underwood FX builds out expert offering
The firm brings in legal, futures and other OTC professionals as it expands into traded markets intelligence
On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August
Taiwan Futures Exchange adds euro and yen
With the two new futures contracts, Taifex broadens FX offering to include its first two G10 pairs
DoJ begins extradition process against Stuart Scott
Agency seeks to have the former HSBC employee – a UK citizen and resident – face wire-fraud allegations on US soil
Goulet says goodbye to HSBC
Claude Goulet's responsibilities may be shared among his former superiors
TriOptima and SwapClear include first client-cleared trades
Eighteen participants in compression cycle for Canadian dollar interest rate swaps, eliminating $1.05trn in notional principal
Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
Citadel Securities provides liquidity for Invast Global
Invast Global's PurePrime facility offers bespoke, optimised FX and CFD liquidity, with multiple trading GUIs
Hraska joins DTCC after eight years at Barclays
Jim Hraska becomes a managing director and general manager of the firm’s Fixed Income Clearing Corporation
Andrew Bailey looks to reboot FCA's ‘mission’
New chief executive seeks to clarify approach after stumbles in past years, admitting global understanding of conduct regulation is still at an early stage
JB Drax Honoré hires Lomas and Bibby
The two are former members of Barclays' London FX sales team
BMO: dollar will bump along the top of the trading range
Canadian bank expects US currency to remain strong this year
IMF amends calculation of special drawing rights basket
Exchange rates for SDR will be obtained from a commercial provider by the Bank of England so the method is more “robust”
TraderTools appoints new CEO
Andrew Levine joins the board and will work closely with company president Yaacov Heidingsfeld
First commercial DL solution to handle 1.4bn daily transactions
Digital ledger technology will be front and centre of the post-trade battleground
Goodbody leaves Bats Global Markets
Head of global FX leaves the firm he joined last year, following Hotspot’s acquisition, with Bryan Harkins taking up his role