FX Markets - 7 Nov 2016
Articles in this issue
Tullett Prebon Information to distribute digital currency data
Market data vending arm of Tullett Prebon signs deal with Brave New Coin to circulate 50 digital currencies, including bitcoin
Edgewater Markets hires Catalanello
FX industry veteran and Credit Agricole's former head of global market sales for the Americas joins the e-FX aggregation firm
Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
ANZ appoints head of markets for Europe and America
Mahnaz Safa joins from Citi, where she headed markets origination for Emea
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Philippines central bank adopts renminbi as reserve asset
Central bank joins cohort of countries adopting the Chinese currency as a standalone asset
Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
Carney to be grilled on Bank of England exit timing
MPs plan to ask how he has again managed to circumvent UK law designed to fix the length of a governor’s term
European bail-in buffers may stretch market-making capacity
New Basel capital exemptions could be too small if all EU banks have to issue bail-in bonds
Pound rises following UK court’s Brexit ruling
The UK High Court ruled that the government needs parliamentary approval before it triggers Article 50
Reflation next year could dampen multi-year dollar rally
But dollar strength is likely to play out until the first quarter of 2017