News/Trading
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
FX funds above water in April
While they were back in the black, FX funds did not manage to reach their earlier 2016 yields
Icap clinches $65m CFETS deal
Icap-owned EBS BrokerTec will provide technology for fixed-income and FX electronic execution services in China
Two more banks publish execution guidelines
JP Morgan and Morgan Stanley disclose their rules on execution and last look to clients
Renminbi's global share of payments drops
The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar
Thomson Reuters to offer 2pm WM/R benchmark
For corporates requiring a tradeable reference rate to settle cross-border transactions
HKEX and Thomson Reuters to create new renminbi indices
The indices will track the Chinese currency's exchange rate against that of other currencies
Saxo Bank signs partnership with Lufax
The partnership with the online marketplace, which has 21m registered users, is the bank's second in Greater China this year
European bank Ficc earnings up quarter-on-quarter
But yearly revenues are down across the board
Hotspot set to charge for connectivity from July 1
London matching engine half the price of New York as venue seeks to build European presence
FX volumes inch higher in April
Over-the-counter volumes were up on the whole, but FX trading on-exchange was generally down
FXSpotStream reveals traded volumes for the first time
The trading venue’s numbers for 2016 are looking good
FX piques interest of institutional investors
Volatility in currency markets keeps asset managers busy as clients question the impact of FX on investments
Broadridge acquires Dojima to boost derivatives clearing
Capping what Broadridge calls its "best-of-breed" offering for exchange-traded derivatives
Bloomberg's BFix judged Iosco-compliant
The benchmarks cover spot, forwards and NDFs for about 50 currency pairs
ThinkLiquidity partners FX Bridge
Deal aims to strengthen risk management offerings for brokers
Thomson Reuters adds ringgit to Matching
The launch follows that of the Philippine peso and the Thai baht
Seabury expands relationship with Spotex
Spotex aims to grow market share, while Seabury's clients gain liquidity and technology boost
UK tops Singapore as second-largest renminbi-clearing centre
Forty per cent of all payments between the UK and China are now made using the Chinese currency, Swift data shows
FastMatch to launch new order type in May
Leak/Sweep Protection will offer protection for both market-makers and takers, says chief executive
US banks see sizeable Ficc revenue increases in Q1 2016
Quarter on quarter revenues were higher, but substantially down from those of Q1 2015
FXCM relaunches institutional website
Broker took down FXCMPro.com after last year's Swiss shock while it decided the future of its institutional business
TR adds three data centres, expands price services
Regional centres are added in New York, London and Tokyo
Liquidity woes are curbing FX growth
Difficulties in accessing alternative liquidity pools and the rising cost of trading are creating unexploited opportunities