FX Markets - 9 Jan 2017
Articles in this issue
Massad to step down as CFTC chairman
He is set to leave on the day of Donald Trump's inauguration
USD/CNY volatility rise expected after currency basket revamp
Emerging market currencies now make up a higher proportion of the basket used to calculate the renminbi index
A president, two central banks and the FX market
Donald Trump's economic policies could determine the Fed's response, while Brexit could put BoE and ECB in the spotlight
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
CME to launch six monthly contracts for FX futures
The Chicago-based marketplace will offer contracts for AUD, GBP, CAD, EUR, JPY and EUR/GBP from February 27
Plansky appointed head of State Street Global Exchange
Boston-based Plansky joins from PricewaterhouseCoopers and will report to executive vice-president Lou Maiuri
China M&A boom presents unique hedging headaches
Crackdown on ‘fake’ deals boosts risk in contingent hedges
Renminbi options to debut on Hong Kong Exchange
HKEx expands range of currency products following doubling of futures contracts traded in 2016
Ex-Barclays trader pleads guilty in price-fixing conspiracy
Jason Katz, a former EMFX trader at Barclays and BNP Paribas, pleads guilty in New York
Madera appointed special Asia adviser to City of London
Beijing-based Madera will promote London as a leading financial and business hub in Asia
FX weighs on banks' trading revenues in Q3 2016
OCC report finds a fall in FX and interest rates lowered banks' trading revenues, but they still performed better than in 2015
FastMatch tweaks fees to discourage use of last look
Platform continues push to eliminate last look trading and plans to introduce a dark pool where clients can exchange inventory
Digital Vega launches execution and workflow solution
FX options specialist promises to bring significant efficiencies for execution desks through Intelligence Execution engine