Emerging markets
UK PM opens London-China FX link with R5
During state visit to China, Theresa May announces the link allowing Chinese banks to trade FX offshore is live
Danske maintains bullish stance on ruble
The bank has positive outlook for Brazilian real and Mexican peso as dollar bear market remains
BNP Paribas pleads guilty to FX price-fixing
French bank regrets the misconduct and will pay $90 million to resolve investigations into its currency trading practices
Best execution tops list of daily challenges – JP Morgan survey
The bank questioned more than 400 institutional investors about e-trading trends for 2018 in fixed-income and commodities markets
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
China reportedly tweaks yuan fix
Markets reacted by selling the yuan, which fell 0.5% against the US dollar to 6.5291 from 6.4968 on Tuesday – its biggest drop in two months
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
Nudel joins Societe Generale in FX sales
French bank is understood to be building out its FX sales team
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
R5FX launches renminbi connection with Shanghai Clearing
Connect will enable Shanghai banks to trade spot FX offshore via R5FX
Oh swaps Mizuho for BNP Paribas
FX options specialist will focus on expanding the French bank’s Latin America footprint
Differentiate between emerging markets, urges Rabobank
The Dutch bank is “cautiously optimistic” about the Russian ruble, but keeps its long-held bearish view on the renminbi
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
BTIG hires Hobert as managing director of FX team
David Hobert is tasked with developing new business as the firm looks to expand its currency footprint
China to loosen grip on yuan – Westpac
With growth on a good footing, reform will resume after Xi Jinping's renewed leadership mandate
US Treasury declines to brand China a currency manipulator
In its second report on FX policies since Donald Trump took office, the US Treasury only criticises China, despite campaign promise
Renminbi payments lag Canadian dollar
China's currency loses fifth place as overall share shrinks again – Swift
Bank of China HK signs up for Thomson Reuters FX Trading
FXall and Electronic Trading are now available on Thomson Reuters’ desktop platform, created in 2015