News/Trading
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Downtrend in Ficc revenues continues at major banks, Coalition says
Ficc revenues fell 11% in the first half of 2016 and by 33% compared with five years ago
FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Spot FX is a ‘bankrupt business’ if economics don’t change
The complexity and choice available to participants has increased at the same time as liquidity provision dynamics have shifted, upending previous business models, panellists say
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
FX volumes rise, but UK loses year-on-year
North America is booming, but the UK performs worse than in April 2015
ACI Dealing Simulation course takes place on August 31
The four-day residential event will run in Stamford, Connecticut
Ficc revenues surge for US banks
The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers
North American FX volumes move up
Average daily volumes increase in the US and Canada, but there's some way to go before they hit 2014's numbers
Scott faces extradition to US
The Department of Justice wants the former HSBC trader to face charges on US soil
HSBC's Johnson is released on $1 million bond
Mark Johnson, banned from leaving the US, puts up $300,000 and his house to meet bail
Some EMs back in vogue, say currency managers
Others are trying to figure out a trading policy for these markets
CIO urges market to pay attention to the renminbi
Knowledge of the Chinese consumer can help drive portfolios across sectors and countries – Bessemer Trust's Patterson
More PBs could pull out come September, panellists say
"How far can repricing go without actually constraining and choking that entire market?" asks JP Morgan's Choussy