News/Trading
JP Morgan rolls out algo workflow tool on Bloomberg App Portal
The integration should make the bank’s Algo Central software and FX trading services more accessible
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
Yuan shines as UK FX turnover slips
Average daily London trading was lower in October, as were the tallies in New York and Singapore
US banks’ Ficc revenues nosedive in Q4 2018
Biggest drops seen between third and fourth quarters last year
ECN volumes make significant gains in 2018
Trading platform FXSpotStream experiences the greatest increase
Yen volumes of 29 times normal on January 2 open – CLS figures
Soaring volumes coincide with higher volatility in yen crosses in early hours of Asian trading session
CNH trading in London on the up in Q3
Amidst geopolitical tension,s offshore renminbi trading increased by double digits in Q3
CNH contracts on SGX break daily record in November
November was third-highest trading month for USD/CNH since contract began trading on the exchange
FX swaps to avoid year-end basis blowout, banks say
Earlier rollovers likely to ensure no repeat of previous cross-currency volatility
GFXC to publish disclosures, cover-and-deal findings
Global Foreign Exchange Committee holds two-day meeting in Paris on November 29-30
Brexit drama muddies waters for FX options
Traders focus on new dates – and scenarios – after UK criticism of proposed deal
XTX Markets goes for Paris as European hub
Liquidity provider applies to French regulator for authorisation
US banks’ Ficc earnings drop in Q3
Only Citi managed growth versus second quarter and Q3 2017
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Platform volumes up in August amid EM woes
Trading was higher than in the same period of 2017, with the euro and some emerging market currencies hitting yearly lows
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look
NatWest bids for order-book management business
The UK dealer's frosted glassbox serves as segregated order execution desk for fixings and stop losses
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track