News/Trading
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
Renminbi trading in London increased nearly 50% in 2018
London consolidates its place as a centre of RMB trading as the internationalisation of the Chinese currency gathers pace
FastMatch ECN gets new name: Euronext FX
The rebranding of the ECN aims to tap into Euronext‘s reputation to attract larger clients
Deutsche Börse in talks to buy Refinitiv FX units
Negotiations confirmed, but not whether FXall is on the sale block
Hong Kong moves carefully on swaps trading reform
Regulator SFC fears disruption to Hong Kong's position if it forces trades on venue, Isda AGM hears
Singapore’s banks eye internal models for FX desks
New market risk regime dangles capital savings for own-models approach
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
LMAX reports 21% increase in trading volumes
Activity in New York and Asia reportedly boost activity across group’s exchanges
ECN volumes slide in becalmed FX markets
Subdued volatility appears to be weighing on trading activity
CME Group gets Dutch approval for Amsterdam entity
Some businesses will transition to CME Amsterdam BV to keep serving EU27 clients
Citi sets up pricing engine in Singapore
Move by US bank consolidates city-state’s position
Barclays launches new algo on Barx platform
Barx Peg offers access to the bank’s franchise liquidity pools
Esma renews ban on binaries once again
European regulator still sees risks for investors, can keep renewing as it likes
Cleared swaps grow 10 times faster than bilateral at HSBC
FX derivatives notionals rise $1.3 trillion (21%) to $7.6 trillion