FX Markets - 29 Jul 2019
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Articles in this issue
Dual IM relief may slash 2020 docs burden by 90%
Isda sees around 8,000 counterparty relationships lifted from phase-five repapering
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
LMAX to launch matching engine in Singapore
London-based firm is latest to join plans to transform the island into global risk centre
US banks see Ficc earnings drop in Q2 2019
Results subdued due to depressed volatility and low client activity
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
Caplin introduces cryptocurrencies on trading platform
Technology firm seeks to copy elements of FX trading while capturing crypto-specific features
Gary Leung joins State Street Bank in FX trading
Leung moves from the Bank of China
State Street hires Harry Xu for Asia FX
Xu joins in Boston from Nomura in New York
Tariq Haider heads to Drax
Former BAML FX salesman returns to New York for post
Boas Bondesen joins BidFX in Nordic sales
Bondesen spent six years in FX sales at FlexTrade
Sharma joins Tudor Investment Corporation
Nikhil Sharma started his career as an equity derivatives trader at Merrill Lynch in 2007
Nayyar trades Deutsche for Segantii Capital
Varun Nayyar will trade rates, FX and short-term interest rates for Hong Kong-based firm
Girolami to replace Pluves at LCH
Isabelle Girolami will start as LCH's chief executive on November 1
St Louis Fed warns of rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
Hyperinflation looms as Zimbabwe struggles to stabilise currency
Official inflation almost doubles as economic threats remain
CIBC: sterling on defence as Johnson becomes UK PM
Expect interest to sell sterling in short term as market remains on guard for possibility of no-deal Brexit