FX Markets - 11 Nov 2019
Articles in this issue
FX cartel UK class action case receives nod to proceed
UK judge sets timetable of hearings to be heard
ECB: Libra a “black hole” of legal certainty
But current global standards fit for purpose to underpin digital assets
Cummins claims deal with Aiyer and two others to boost profits
Former Citi trader alleges doing “whatever it takes”, including spoofing markets and triggering clients’ stop losses
Cummins: ‘I didn’t surrender all the details’
Key witness in criminal case against Aiyer admits lying after agreement that his words won’t be used against him at a subsequent trial
Cummins walks back co-ordination comments
Chris Cummins confronts insecurity with certain currencies and trading styles as defence pulls back curtain on chat snippets
Jason Katz: ‘I wasn’t ready to admit what I had done’
Taking the witness stand, former trader admits he was initially untruthful to DoJ
AML deadline prompts FCA to warn crypto firms
Regulator says firms must not mislead customers about regulatory status and outlines deadline for registration
Turkish central bank supplies lira through stock exchange
Governor acknowledges unconventional short-term liquidity provision, as traditional repo operations come to a halt
BoE’s Tenreyro comes to the defence of flexible exchange rates
Policy-maker challenges conventional wisdom in several areas of economics
IMF praises Bank of Mexico for not intervening in FX market
Peso strengthens against regional peers
Deutsche Bank’s Autobahn goes mobile
App gains 700-plus subscriptions since September launch; users can trade round-the-clock
Knight tapped to lead Baton’s Emea expansion
Citi veteran to head Emea as California-based firm opens London office
Geneva subsidiary boosts smartTrade’s presence
The technology provider also expands Paris sales team with two hires
Dispo joins BNY Mellon in London
Louise Dispo spent almost a decade as a FX and rates EM trader at Standard Chartered Bank
Former ADS Securities CTO Rossiter is CEO of Tranquility Base
The capital markets front-office tech specialist previously worked at Barclays and CIBC
Cambodia extends blockchain payment system pilot
Central bank lengthens trial to end of year and explores including cross-border transactions
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline by curbing digital assets
SEB: hard Brexit risk is still around
Sterling strength depends on December 12 election, while dollar may have peaked