News/Foreign Exchange
Saxo Capital Markets exits CFD lobbying group and sides with FCA
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products
Banks turn to synthetic derivatives to cut initial margin
Options-based instruments can halve initial margin for some non-cleared products, say dealers
Oanda expands partnership with TradingView
Building on the integration of TradingView’s advanced charting solution with Oanda’s fxTrade web and desktop platforms
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
BIS releases final version of GCC
The BIS’s FXWG, led by Guy Debelle, releases the document containing 55 principles for good conduct in FX markets
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
Bafin toughens rules on CFDs
New directive for August 10 requires implementation of negative balance protection for CFD products in Germany
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
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
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
Retail brokers hike margins ahead of French election
IG Group, FXCM and Saxo take first steps to reduce risk for clients, while others will take action later this week
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