FX Markets - 13 Mar 2017
Articles in this issue
Mercer: Global Code is a great PR stunt; legitimises front-running
LMAX Exchange chief says the Global Code of Conduct is legitimising last look and pre-hedging, and its authors are misrepresenting the nature of discussions in the MPG
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
US traders most likely to boost algo usage and EM participation
Globally, 38% of 200 FX traders surveyed by JP Morgan plan to extend their use of algorithms
Ireland proposes ban on CFD trading
Central Bank of Ireland's consultation paper addresses concerns about retail clients losing money on high-risk products
Hedging strategies unchanged, despite turbulent markets – Citi
Corporate hedging strategies rarely differentiate between developed and emerging markets
China FX reserves rebound for first time in eight months
PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion
Pragma announces LD6 expansion
The move enables the algo technology provider to improve services to its expanding client base
Credit Suisse creates centralised global FX options business
Matt Mitchell will lead the unit; the bank merges its Zurich and global options e-commerce business under Francesco Schiavo
BNY Mellon appoints Dan Watkins as Emea head of markets
London-based Watkins starts at the end of March, replacing Richard Gill
Tim Power trades Deutsche Bank for Morgan Stanley
The FX options trader headed Deutsche’s G10 flow options
GTX hires Ed Schwartz as MD for institutional sales
Citi's former director will cover global macro and real-money accounts, reporting to John Miesner
BoE deputy governor failed to declare conflict of interest
Charlotte Hogg apologises for breaking the central bank's code of conduct after failing to disclose her brother's role at Barclays
SEB: all eyes on France
Political risk in the European Union will drive currencies for the foreseeable future