Currenex has launched a new trading platform, X2, designed in response to the changing liquidity profile of the FX market and the evolving requirements of institutional FX traders.
EBS BrokerTec has officially launched EBS Live Ultra, which it says is its fastest FX data product to date.
Clearing house LCH says its ForexClear service has seen 10 entities turn to actively clearing FX non-deliverable forwards in the past six months and that it has experienced a “significant” rise in cleared notional and trade count in 2016.
A former Barclays executive Justin Bull said he was “uneasy” suspending traders accused of foreign-exchange manipulation in an internal probe, the second time he’s expressed sympathy for former employees caught up in the allegations.
Three months after Britain’s vote to leave the European Union, fears in currency markets of a “hard Brexit” that would drive an exodus of banks from London have knocked sterling to within sight of its weakest levels in decades.
Our image of German banks, and the German economy, as completely rock solid is so strong that it takes a lot to persuade us they might be in trouble.
China needs to revamp its financial regime to reduce possible “spillovers” onto the rest of the world, the International Monetary Fund said in a report.
China’s foreign exchange trading operator CFETS and Deutsche Boerse signed an agreement last October to establish a 50-50 joint venture in Germany to connect their markets and spur product innovation.
Mexican peso rallies sharply and seen as a proxy for pricing US political risk.
China’s ambitious rise presents issues far more complex than Trump’s outdated yuan manipulation charges.
In the quest for the consummate “Trump trade,” emerging-market investors have found a new odd couple, pairing the currencies of two countries that could be most affected if he wins the presidency.
Bears betting that the yuan will soon resume its steep descent look set to be disappointed.
The Czech koruna could be just weeks away from relinquishing its title as the world’s most boring currency.
The top two US securities regulators outlined rule proposals ranging from asset management to swaps dealing they will take up in coming months, indicating the agencies will be at full throttle through election season to the end of the year.
Europe’s top securities regulator wants the power to impose bigger fines on credit rating agencies and trade repositories.
The Norwegian central bank continues to aim for currency weakness despite slightly lifting its interest rate outlook last week, Governor Oeystein Olsen said.
The Ministry of Strategy & Finance of South Korea said that South Korea and Japan are likely to sign a currency swap deal worth at least US$50 billion.
New Zealand’s central bank governor did manage to talk the country’s high-flying currency a little lower last Thursday, despite keeping interest rates on hold, but some economists are demanding more.
Morocco will postpone the introduction of a flexible exchange rate system until the second half of 2017 to allow the government and other involved parties more time to prepare, its central bank governor said.
Thomson Reuters and Clifford Chance have joined forces to help financial institutions tackle in what they term a timely, efficient and more cost-effective manner, their most pressing regulatory obligations relating to margin rules for uncleared OTC derivatives.
HSBC has become the first bank to adopt Swift’s FX Business Insights information service, which provides continuous foreign-exchange performance measurement functionality.
Tradebook FX, Bloomberg’s FX ECN, has reached an agreement with Citi for the bank to serve as a central clearing counterparty on the platform.
Redline Trading Solutions has announced the availability of a new InRush feed handler for the new high performance EBS Live Ultra market data feed.
FastMatch and TradAir have announced a new partnership looking to target professional bank and institutional ‘clicker’ traders.
GTX plans to launch new a matching engine for its flagship ECN in London October 15, 2106, with a Tokyo-based matching engine to follow within 90 days.
Chinese financial data provider Wind Information, has extended its joint service with Icap Information Services to provide market data that includes real-time US Treasury pricing and global FX spot rates.
GTX and Nightberg, an independent macro strategy firm founded by former hedge fund strategists, are partnering to distribute Nightberg’s full suite of investment research to GTX’s institutional clients.
The US dollar rose against the euro after concerns surrounding Deutsche Bank caused general unease over Europe’s banking sector, while the Mexican peso rallied on short-covering after the first US presidential debate.
Emerging Asian currencies were mixed in subdued trading as concerns over the European banking sector hurt risk sentiment.
The ruble retreated amid speculation OPEC talks in Algiers will do little to stabilize oil prices, spurring concern about growth prospects in the world’s biggest energy exporter.
The Canadian dollar fell to the weakest level since March on a decline in crude oil prices and increased concern the country’s economy is struggling.