News/Foreign Exchange
Prepare for variation margin rules now, urges Massad
CFTC chairman talks margins, capital requirements and automated trading at FIA Expo
LMAX may seek registration in Ireland in the event of a hard Brexit
The platform believes other firms will follow suit as they seek to maintain access to the single market
Edgewater launches matching engine in Mexico City
Another sign that the institutional FX liquidity provider is moving forward with its expansion in emerging markets
Oanda rolls out its fastest trading engine
The improved v20 packs an execution speed of 1.3 milliseconds
Thomson Reuters launches FX Clob in Nigeria
FX provider says the move will enhance market liquidity and shows its commitment to the region's growth
Sterling set for a bumpy ride as Brexit uncertainty persists
Strategists say this could push the pound lower towards parity with the euro
Giancarlo urges regulators to examine risk from capital rules
CFTC commissioner says regulators cannot avoid the issue of whether capital removed from markets harms the global system
Currenex launches X2 platform
Institutional venue boosts traders' performance and efficiency, while helping to keep markets resilient in times of stress
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
Citi warns of all-time cable low
Following a move of nearly 10% in GBP/USD, technical analysts say a test of an all-time low cannot be written off
Modifications sought in Johnson's release
Attorneys still working to get Mark Johnson's wife as a signatory on the $1m bond agreed for his release in July
OCC suspends Johnson from markets
He pleaded not guilty to alleged felony charges in August, but OCC says the charges involve dishonesty and breach of trust
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
Automated payment systems in high demand for UK businesses
Afex survey shows 44% of UK companies expect to increase global payments
ADS Securities to pull back from London, Watson resigns
ADS Securities London will become regional base, redundancies on the cards
FastMatch partners TradAir
Trading venue will target institutional clicker traders to diversify liquidity and boost volumes
Australian authorities ban Deutsche FX trader for life
Andrew Donaldson tried to hide losses with false entries and inflated the bank's revenues by 28 million euros
INTL FCStone subsidiary upgrades payments platform
Global payments division launches Fix protocol for cross-border payments in exotic currencies
LMAX pushes into North America with new matching engine
New liquidity pool based in NY4 is aimed at funds, asset managers, brokers and banks
FX markets not positioned for Fed hike
Investors are still sceptical of Fed action, and participants are looking at commodity currencies for better opportunities
Banks get partial reprieve in FX lawsuit but claims still stand
Non-settling banks in FX class action lawsuit eke out small victory after US district judge tosses out some allegations of manipulation
Afex day raises money for rugby charities
Former and current stars of the game battle it out in FX