News/Foreign Exchange
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
CLS volumes slightly up in February
Swaps and forwards continue to show steady growth, but spot is down 23% on the year
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
Ireland proposes ban on CFD trading
Central Bank of Ireland's consultation paper addresses concerns about retail clients losing money on high-risk products
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
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
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Counterparty diversification held back by banks, panellist says
PGGM investment manager says pleas to add NBLPs to the counterparty mix are ignored by banks and platforms
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
New interim CEO for FXCM, renamed Global Brokerage
Founding members Niv and Ahdout resign following US ban from the CFTC and NFA. Meanwhile, the publicly traded company that owns FXCM Group will trade under a new name
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
Court fines FXCM over SNB undercapitalisation
CFTC filed a complaint after having to reach out to FXCM to learn of the $200 million shortfall
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates