News/Foreign Exchange
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
Xenfin enlists Robson for international business development
Ben Robson is a former head of FX Asia-Pacific at MF Global
CME Group gets Dutch approval for Amsterdam entity
Some businesses will transition to CME Amsterdam BV to continue 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
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
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
Fragmentation keeps yen flash crash cause murky, says RBA
But points finger at double whammy of low-volume Asia morning and algo trading
FX Connect platform gets a significant upgrade
State Street's revamps for interface and order tools lead in 2019 product overhaul
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
LiquidityFinder turns on liquidity matchmaking site
The website offers a consolidated view of liquidity providers for simple comparison
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
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Jamaica uses social media to calm markets after FX intervention
Central bank's Wynter says FX volatility is nothing to worry about, but makes veiled warning
Lebanese pound finds support in newfound political unity
As new government forms, investors are more willing to sell dollars and buy Lebanon’s currency
Yuan shines as UK FX turnover slips
Average daily London trading was lower in October, as were the tallies in New York and Singapore