Trading
BIS finds sterling crash was due to 'confluence of factors'
October 7 sterling flash crash in 2016 down to illiquid conditions, less experienced traders and loss of public data from venues
FX platforms finish 2016 on a flat note versus the year before
Despite spikes in June and November, over-the-counter FX trading was subdued
OCC fines Usher and Ramchandani $5m each in ‘Cartel' probe
Former traders indicted by the DoJ for the same offences
Linker swaps Thomson Reuters for 360T
As well as expanding 360T's existing business and products, he will drive the launch and adoption of its Clob and ECN initiative
A president, two central banks and the FX market
Donald Trump's economic policies could determine the Fed's response, while Brexit could put BoE and ECB in the spotlight
FX weighs on banks' trading revenues in Q3 2016
OCC report finds a fall in FX and interest rates lowered banks' trading revenues, but they still performed better than in 2015
FastMatch tweaks fees to discourage use of last look
Platform continues push to eliminate last look trading and plans to introduce a dark pool where clients can exchange inventory
USD/CNY volatility rise expected after currency basket revamp
Emerging market currencies now make up a higher proportion of the basket used to calculate the renminbi index
Analytics, best execution and clearing to drive trends in 2017
Evaluation of liquidity is moving away from bank vs non-bank as clients gain more tools to assess execution behaviour
Divergence to drive dollar in 2017
Fiscal expansion and monetary policy tightening are likely to drive up the dollar in 2017
The search for efficiency will drive 2017
Regulation is not just a burden but an opportunity to streamline workflow, operations and execution processes, says ITG
Better analytics will help NBLP differentiation and model validation
Clients will be looking to validate the capabilities of counterparties including banks – as well as their limitations
EBS mulls even faster data amid resurgence of open markets
Last-look venues could be hit if the platform quickens its data product even more, Johnson says
Rabobank leaves the rest standing in 2016
As the bank tops the rankings as the year's best forecaster, FX strategy head Jane Foley gives her predictions for 2017
NBLPs to carve out niches and form more bank partnerships
Jump Trading foresees Clob resurgence, platform acquisitions, and more link-ups between banks and non-banks
Liquidity quantification, clearing and the death of last look
XTX Markets' co-chief executive says 2017 will see a solution for options clearing, eventually forcing forwards and swaps too
Compliance and risk aversion will dominate in 2017
The broker is building a set of next-generation solutions for customers less willing to tolerate risk amid cost pressures
High-volume products will move to clearing
Capital and bilateral margin rules will increase pressure on the most-traded products to shift to clearing
2017: year of the dollar and high-yielding EM currencies
Expensive valuations and low yields make some Asian currencies unattractive investments
Galinov: exchange clearing is close
If a solution is revealed this year, costs will fall, volumes could rise and another ECN may be gobbled up by an exchange
China launches direct trading between renminbi and seven other currencies
The currency pairs will be allowed to trade within a 5% band on any given trading day
You think 2016 was bad? Check out James Blunt's twitter feed
The past 12 months held plenty of surprises, bringing the joy of volumes to foreign exchange
Morgan Stanley sees EUR/USD trading at $0.97 by end 2017
Currency strategist James Lord finds the euro susceptible to weakness and sterling cheap long-term
Integral adds Linedata's OMS to InvestorFX platform
The integration is expected to give Linedata's asset manager clients access to better netting and execution