News/Foreign Exchange
FX investors seek safe havens in post-Brexit world
Japanese yen and Swiss franc surge as traders look for safety. Meanwhile, central banks take action and stand ready to act
Sterling set for significant depreciation
Analysts expect the coming years to be tumultuous
FX industry passes Brexit test with flying colours
Despite biggest-ever sterling move, liquidity and infrastructure holds up without glitches
CFETS likely to include won and rand in RMB Index
Following CFETS's approval of direct trading on the interbank FX market, the two currencies could soon be included in the basket directly linked to the renminbi
Barclays halts taking stop-loss orders during UK referendum
The bank takes unprecedented step as it navigates disruptive market conditions
Pre-referendum G10 liquidity at its worst since SNB
Citi warns of highly illiquid market conditions as Britain goes to the polls
FX market braces for Brexit night
As Britons head to the voting booths to decide the future of the UK, all eyes are on sterling pairs
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson
Russell Investments expands execution platform
RFX is now connected to the private financial Charles River Network, which has more than 600 global liquidity venues
Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
CME and CloudMargin offer collateral-management service
Customers will gain access to a consolidated view of their collateral inventory
China gives investment quota to US to boost yuan’s global use
US asset managers awarded $38 billion quota under RQFII programme for the first time
FX funds above water in April
While they were back in the black, FX funds did not manage to reach their earlier 2016 yields
Retail brokers tighten margins ahead of EU referendum
Saxo, FXCM and IG Group have already taken the first steps to reduce risks for their clients, while others stand ready to act
FXCT project signs up 10 partners
Galinov-led central tape initiative expected to go live this year
Icap clinches $65m CFETS deal
Icap-owned EBS BrokerTec will provide technology for fixed-income and FX electronic execution services in China
Two more banks publish execution guidelines
JP Morgan and Morgan Stanley disclose their rules on execution and last look to clients
Renminbi's global share of payments drops
The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar
Thomson Reuters to offer 2pm WM/R benchmark
For corporates requiring a tradeable reference rate to settle cross-border transactions
Record submissions for this year's awards
Shortlist of the 13th FX Week e-FX awards announced
HKEX and Thomson Reuters to create new renminbi indices
The indices will track the Chinese currency's exchange rate against that of other currencies