News/Foreign Exchange
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
Russell Investments calls on peers to commit to FX Code
Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards
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
Goldman Sachs discloses max last look hold times in FX
Past behaviour may subject clients to a 200 millisecond hold period, as US bank tries to avoid losses
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
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
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
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
BitFlyer launches US-based platform
BitFlyer USA is designed for professionals trading $100,000-plus in virtual currency each month
Third-quarter FX revenues slide further at banks
G10 foreign exchange continues its two-year decline amid low volatility
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
Oanda offers new core pricing model in Australia
Australian clients gain choice between spread-only pricing or reduced spread plus commission-pricing model