News/Foreign Exchange
OTCXN goes live with LiquiMatch FX trading venue
The hybrid FX ECN has Tier 1 banks on board
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
2018: mergers, name changes and having one’s day in court
Mergers and acquisitions were popular reads on FX Week in 2018, along with coverage of US FX-related court cases
FCA mulls restrictions on CFDs
The restrictions are fundamentally similar to those imposed by Esma earlier this year, but would have permanent effect
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
Advanced Markets adds Standard Chartered as prime broker
UK bank becomes Advanced Markets’ second prime broker after UBS
Record brings ESG into currency management
Specialist currency manager develops database and methods for improving ESG credentials of its product
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
Outstanding OTC FX derivatives notional at all-time high – BIS
Clearing of FX contracts and gross market value of over-the-counter FX rises in H1 2018
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
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
NatWest Markets’ FXmicropay takes to SAP cloud
It automates currency conversion and guarantees exchange rates
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