News/Trading
Quants: carry and value will work for next six months
Less volatile market conditions look favourable for these strategies
Standard Bank South Africa partners TradAir
The South African lender will deploy TradAir's eFX platform to boost its market-making capabilities in USD/ZAR
R5FX goes live in Singapore
Trading begins on the platform, following authorisation from the Monetary Authority of Singapore
Citi's Hamilton heads to FastMatch
Former vice-president of eFX at Citi takes up sales director role
Eagle and Holmes launch agency broker Aquila Markets
Firm will focus on providing high-quality coverage and execution services for FX
Brexit will threaten London's FX dominance – survey
Poll of foreign exchange professionals shows 80% believe the UK will vote to stay in the EU
Thomson Reuters buys full control of WM/R
The firm now owns State Street Corp subsidiary The World Markets Company and with it the FX benchmark
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
China opens research centre for RMB internationalisation
The new initiative is a victory for Singapore as it angles to position itself as a leading renminbi hub
JP Morgan tops Coalition investment banking survey
US bank also triumphs in fixed-income, currencies and commodities markets
SFO spells end to criminal FX-fixing cases, Hausfeld says
Little prospect of further European investigations as fraud office drops enquiry and new UK class action regime limits possibilities
Hoodless echoes claims that Citi knew of wrongdoing
Ex-trader repeats previous statements that senior managers encouraged information sharing
CME readies for Bloomberg Index futures launch
CME Bloomberg Dollar Spot Index futures will track a basket of 10 developed and emerging market currencies
Australian players need to play renminbi long game
Panellists were bullish on China's long-term prospects at FX Week Australia; commodities priced in RMB will be a game-changer for Sydney's status as a trading hub
Betting against central banks still a very dangerous game
"Dollar appreciation has been stopped in its tracks as markets reassess Fed policy," panellists argue at FX Week Australia
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
FX probes continue despite end to SFO enquiry
FCA, DoJ and City of London Police are still investigating
Markit rolls out FX trade-affirmation service
Banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data at a central location before it is processed
European banks see full-year Ficc revenues rise
The majority of European banks saw rising Ficc revenues in 2015, but results for the fourth-quarter disappoint
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
Goldman's Patel joins XTX Markets
Jigar Patel will head the market-maker's e-commodities business
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues