News/Foreign Exchange
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
Canadian FX committee adds new members
It also renews the expired terms for four institutions
ECU and HSBC clash over data
ECU wants the bank to hand over data relating to three stop-loss orders, executed in 2006, in a pre-action disclosure application
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
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
ADS Securities rolls out bitcoin CFD trading, upgrades platform
Product available to broker's Mena clients on MT4 platform; new version of Orex includes spread-betting for UK clients
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
FCA warns on currency converter tools
UK watchdog follows up on investigation into payment institutions and their use of interbank rate in online tools
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
Managers selective on EM in event of Fed policy mistake
Instead of investing in the whole complex, managers prefer emerging economies with a strong balance sheet
Dollar downturn will push investors abroad, panel says
International markets back in vogue as dollar enters bearish cycle and overseas peers raise rates
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
Esma warns it may intervene to regulate CFDs and retail products
Two years since Esma set up a task force to supervise risky products such as CFDs, rolling spot FX and binary options
Platform operators step up surveillance after FX Global Code
FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through