FX Markets - 4 April 2016
Articles in this issue
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
Fintech still beats banks on money-transfer value
Latest figures show banks' fees for global payments are three times higher than those of fintech specialist brokers
China opens research centre for RMB internationalisation
The new initiative is a victory for Singapore as it angles to position itself as a leading renminbi hub
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Giancarlo to regulators: give blockchain innovators space
CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment
Tullett Prebon shareholders approve Icap broking buy
Finalisation of the deal is contingent on regulatory approval
Sterling to head lower as Brexit looms
With three months to go, volatility in sterling is set to rise as uncertainty remains pivotal, says CIBC head of G10 FX strategy
Morgan Stanley's White to join Citadel Securities
Nicola White is moving to the market making arm of the hedge fund as global chief operating officer for Ficc
Pepper leaves State Street
Simon Pepper crosses over to French bank Natixis in London for FX sales role
Fintech could spur two million banking job cuts
US and European banks could cut up to 30% of their workforce in the next decade, suggests a report from Citi
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
HSBC makes internal FX changes
Greig will head spot trading for Emea while Young takes over from Pavitt
Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir