Trading
FastMatch launches two new order types
The venue also makes changes to its system to improve market data rates
Taifex adds sterling and Aussie futures
The GBP/USD contracts will trade in sizes of 20,000 and the AUD/USD futures in clips of 25,000
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
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
Bogucki plans to fight fraud charges in California
Former Barclays FX head returns ‘not guilty’ plea during arraignment at Brooklyn court
Shaffer joins StanChart’s FX options team
Eric Shaffer spent 13 years at Citi before making the move
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
McKinley joins Goldman Sachs in e-FX sales
Mike McKinley used to work in e-FX sales at HSBC
Thomson Reuters updates Mifid II services
Mifid II-compliant data now available from 57 global exchanges, and eight new trading and reporting venues
Cartel lawyers to argue for case dismissal on January 29
The legal representatives of Ashton, Ramchandani and Usher will ask a federal judge to throw out the case against the three men
FCA sees 'serious risk of harm' in CFD products
In a letter addressed to the chief executives of CFD providers and distributors, the UK watchdog highlighted several areas of concern
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
Mark Johnson to be sentenced on February 15
Johnson’s lawyers are asking the court to allow him to return temporarily to the UK before then
Clarifying the murky language of liquidity
Campbell Adams, founder of the Pure initiative that now operates as ParFX, has a grudge against misnomers
GFXC to push for more LP disclosures
Following the publication of the final version of Principle 17, the committee will establish three new working groups
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
State Street: voice trading to stay for Apac clients
Official institutions such as sovereign funds still tend to opt for voice execution due to security and confidentiality concerns
Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
XTX: transparency, clearing and relationships will dominate
In 2017, clients rediscovered the value of relationships, but priorities are likely to change in 2018
Thomson Reuters launches MTF
The new MTF will provide FXall and Forwards Matching users with a compliant source of liquidity