News/Trading
G10 FX revenues sink to lowest since 2006 – Coalition
Revenues in H1 2017 fell to their lowest level since Coalition launched its Investment Banking Index in 2006
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
ING launches EM-USD indices on Bloomberg
The indices are tradeable benchmarks covering 12 emerging market currencies
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
London FX trading at three-year high, despite Brexit
Turnover hits daily average of $2.44trn in April, 12% higher than in October 2016 and up 10% on a year ago – Bank of England
CME moves to build liquidity in new FX futures contracts
The firm is switching on implied functionality to link spreads and outright markets
India’s public-sector corporations adopt Bloomberg FXGO
Firms include Gas Authority of India, Rural Electrification Corporation and ONGC Videsh
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
Banks turn to synthetic derivatives to cut initial margin
Options-based instruments can halve initial margin for some non-cleared products, say dealers
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
INTL FCStone launches cross-border payments intelligence portal
Global Payments Network aims to give clients actionable news and analysis from local markets
Apac overtakes Emea for exchange-traded FX, says WFE
The move is largely due to higher volumes of rupee futures and options being traded on India’s exchanges
EBS BrokerTec becomes Nex Markets
Average daily volumes on the venue fall 12% in April, compared with March, and slide 7% versus April 2016
Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
Citadel Securities steps up push into disclosed trading space
Non-bank market-maker hires three to expand its direct client business and European coverage
Good start for US banks’ Ficc revenues in 2017
Most US banks see higher fixed-income, commodities and currency revenues in Q1, on a quarterly and yearly basis
Sterling braced for more uncertainty as PM triggers election
Analysts look at opinion polls after Theresa May calls for general election on June 8
Webinar: hosted by FX Week and ACI FMA on the Global Code of Conduct
Listen to the recorded version of the webinar, which took place on April 5
CLS settled volumes continue upward trajectory in March
Spot, forwards and swap volumes inched up compared with February
Spot volumes rise in March
Secondary venues see robust volumes; primary platforms also tick higher
FX Week Australia 2017 – in pictures
The premier conference for FX market participants in Australia and Asia-Pacific took place on March 23 in Sydney