News/Trading
FastMatch revenues show strong growth
FX trading platform contributes 7.2 million euros in revenues to parent Euronext in less than five months
Markets may be underpricing Brexit risk
‘We don’t see a situation where the UK is going to come out of this with a favourable deal’ – Mizuho currency strategist Sireen Harajli
Bank G10 FX revenues at lowest since 2006 – Coalition
G10 FX revenues continued their decline in 2017 to levels not seen in more than a decade
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
Blockchain-based tool offered by smartTrade
Clients will be able to subscribe to the new service and access it through an open API
Sigelbaum joins TR to lead FXall
Jill Sigelbaum replaces John Cooley, who left Thomson Reuters in November
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
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
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
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
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
HSBC finds ‘non-existent’ ECU data
The bank must hand over trade data for three 2006 stop-loss orders to ECU Group by January 19 – four weeks earlier than planned
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
Citi raises $6.25 million through 'E for Education' campaign
The bank’s FX and local markets business raises more than $22.5m since the campaign's launch in 2013
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Barbados bar owner rolls out FX broker comparison site
Website targets SMEs seeking to obtain the best price for their international payment transfers
Wells Fargo says FX departures not related to front-running
Spokeswoman says executives' exits are unrelated to misconduct such as market collusion, market manipulation or front-running
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
SGX launches US presence in Chicago
Asian exchange opens US operation to build on extension of offshore trading hours on SGX in late 2016
September brings bumper month for platforms
Some create new records, while others see growth of more than 20% compared with August and 50%-plus year-on-year
US super-regionals step up FX game
Citizens Bank and SunTrust Bank have been expanding and investing more in their FX platforms and talent