News/Trading
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
January volumes up on December, down on year
Average daily volumes rose across major FX platforms, but were far off the numbers posted a year ago
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
DoJ requests information on TP-Icap broking deal
Tullett Prebon is set to acquire Icap's global hybrid voice-broking business
Currency managers end 2015 on downbeat note
Parker FX Index shows negative returns of 0.51% for December
CFTC grants registration to 18 Sefs
With the process nearly complete, the CFTC can focus on fine-tuning the Sef rules
World FX trading volumes down 8%
FX committees report sinking trading volumes in the UK and US, but they were up in Japan, Singapore and Australia
Seabury FXone seals product agreement with Spotex
The firms are looking to expand their institutional client base
Banks explore Mosaic platform to help ailing Ficc revenues
The aim is to discover new business opportunities and more valuable clients
London jury acquits Libor brokers of fraud
The former traders were accused of working with Tom Hayes to fix the benchmark
ParFX adds Hungarian forint
EUR/HUF and five other currency pairs are now available on the electronic platform
Declining spot sinks FX volumes in US
In October, average daily volumes were 26% lower than in the same month of 2014
Ruble slides to all-time low
The recent falls in oil prices have dragged the Russian currency with it
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
Q4 Ficc revenues drop for US banks
Firms also experienced falling revenues last year, amid challenging conditions
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January