News/Trading
Swissquote: central banks, not geopolitics, will be main FX drivers
Swiss bank believes ECB may embark on tightening path, initiating monetary policy convergence either side of the Atlantic
Buy side explores cloud for collateral management
Asset managers with FX positions are looking at cloud-based solutions as a means of coping with variation margin rules
Sterling shorts could see sharp unwinding on Brexit day
As the start of the negotiation process between the UK and EU approaches, an already weak sterling faces more tests
Coalition: JP Morgan still the top G10 FX investment bank in 2016
US bank maintains leadership position in Ficc space overall, with particularly strong showings in the Americas and Emea
Corvil serves up fixed-income surveillance tool
The product brings together information on client orders to provide insight into trading performance
Citi combines G10 and EMFX trading
The reorganisation follows the retirement of James Bindler, who previously headed the G10 FX business
US traders most likely to boost algo usage and EM participation
Globally, 38% of 200 FX traders surveyed by JP Morgan plan to extend their use of algorithms
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators
Ficc revenues break downward trend in 2016
All US banks saw revenues grow, but results for European banks were mixed
Imperial FX secures investment
A £50 million injection from a European company will enable the money transfer firm to launch its online platform
Undervalued emerging markets remain attractive
But uncertainty and geopolitical risk may stand in the way
Global Prime Partners launches structured products business
UK clients will gain access to a range of issuers
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates
Effex used last look tactics to cheat FXCM clients, NFA states
NFA names Effex Capital as FXCM's preferential market-maker, which used 'hold timer' and 'previous quote' practices
Digital Vega launches execution and workflow solution
FX options specialist promises to bring significant efficiencies for execution desks through Intelligence Execution engine
FX volumes generally up in October and Singapore shines
Semi-annual central bank surveys of FX markets show growth overall in four out of five centres
Bonuses set to disappoint as headwinds persist
Those who still get bonuses can expect non-cash payments with clawbacks
Ficc revenues rise for US banks in 2016
However, fourth-quarter earnings fall for most
Non-banks to get dark pool for inventory exchange
Competition could heat up for banks, but may cue tighter prices
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
BIS finds sterling crash was due to 'confluence of factors'
Last October's crash down to illiquid conditions, less experienced traders and loss of public data
FX platforms finish 2016 on a flat note versus the year before
Despite spikes in June and November, over-the-counter FX trading was subdued
OCC fines Usher and Ramchandani $5m each in ‘Cartel' probe
Former traders indicted by the DoJ for the same offences
Linker swaps Thomson Reuters for 360T
As well as expanding 360T's existing business and products, he will drive the launch and adoption of its Clob and ECN initiative