FX Markets - 8 May 2017
Articles in this issue
Last look settlement fund could hit $1 billion in US
Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases
FCA publishes final Priips rules
“In calculating costs associated with FX, the arrival price must reflect a reasonable estimate of the consolidated price" – FCA
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
EBS BrokerTec becomes Nex Markets
Average daily volumes on the venue fall 12% in April, compared with March, and slide 7% versus April 2016
Retail brokers hike margins ahead of French election
IG Group, FXCM and Saxo take first steps to reduce risk for clients, while others will take action later this week
XTX Markets appoints Eric Swanson as CEO for Americas
Swanson departs Bats Markets after nine years and will start his new role on June 1
Fenics Market Data hires two in the US
Fitzpatrick and Machado will be based in New York
Curry out; Noreika steps in as acting comptroller of the currency
Curry was sworn in as the 30th comptroller on April 9, 2012; lawyer with banking regulation experience replaces him
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
Apac overtakes Emea for exchange-traded FX, says WFE
The move is largely due to higher volumes of rupee futures and options being traded on India’s exchanges
Late LEI registrations might not be ready for January 2018, Gleif says
If firms leave their LEI registration application until the last quarter of 2017, they might not receive their identifier in time
Sterling isn't out of the woods yet – SEB
GBP/USD expected to trade at 1.25 in Q3 2017, and at 1.23 by the first half of 2018