News/Foreign Exchange
Risk-sharing efficiency of FX may be tested, BIS says
Study of FX markets highlights risk concentration amid a handful of top banks and the growth of electronic relationship trading
Integral adds Linedata's OMS to InvestorFX platform
The integration is expected to give Linedata's asset manager clients access to better netting and execution
Emerging markets in firing line as politics spur volatility
Monetary policy normalisation, fiscal stimulus and political populism will come to the fore in 2017
Bloomberg launches executable NDF streaming
Standard Chartered is the first bank to provide streaming rates for the product
Trump contagion is only just starting, strategist says
While Donald Trump's win is expected to have a positive impact on the US economy, it may boost populism in Europe
UK watchdog proposes tougher rules on CFDs
Leverage limit of 25 times for inexperienced retail clients and a cap of 50 times for all clients are among the suggestions
FastMatch to offer algos and TCA to all subscribers
It makes the decision as algo execution gathers pace and clients require more trade transparency
Spot FX cannot accept lower standards of behaviour
Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act
More co-operation to come between banks and NBLPs
As liquidity providers increasingly split into the two extremes of risk appetite in both the bank and non-bank liquidity space
Transparency around algos to grow next year, according to panellists
The goal is that customers understand the tool; TCA an important part of the learning process
The harder the Brexit, the harder sterling will fall
Panellists at FX Week Europe say the UK currency's troubles are far from over
FCA warns firms to heed findings as it ends FX remediation scheme
The UK Financial Conduct Authority has concluded the FX remediation programme it launched in 2014, stating it has observed improvements
ICBC first Chinese bank to use Thomson Reuters' Electronic Trading
TR’s FX solution will make it easier for ICBC to quote prices to its customers throughout Asia
FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
360T eyes Clob rollout in Q1 2017
FX over-the-counter clearing likely to follow a year later
Platforms and LPs welcome surge of activity
The outcome of the US presidential race is an early Christmas present for platforms printing new records
FX contracts in OTC derivatives soar to record high
FX instruments, as a share of all over-the-counter derivatives, rise from 12% in 2013 to 16% this year
Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
Pound rises following UK court’s Brexit ruling
The UK High Court ruled that the government needs parliamentary approval before it triggers Article 50
Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August