Platform Volumes Historically Strong in December – Profit & Loss(subscription)
As the December figures begin to roll in, the first trading venues to report their FX volumes show overall growth year-on-year, but the expected mixed results month-on-month follow a strong November.
Banking Bonuses Set to Disappoint in City and on Wall Street – Financial Times (subscription)
Bankers on both sides of the Atlantic are fighting over a diminished bonus pool this year, according to executives.
Blog: Big Changes in Trader Behaviour – A Look Back at e-FX in 2014 –Bloomberg
In 2014, surveys celebrated that FX market participants use execution algorithms for some portion of their trading had reached 11%, up from 7% in 2012. While most market participants would characterise such usage (and growth) as “important”, it is hardly at levels that would be considered “significant”.
$4 Trillion Peak for China’s Stockpile of Foreign Currency May Free PBOC’s Hands – Bloomberg
China’s generation-long accumulation of foreign exchange reserves may be at an end, reshaping monetary policy and eroding a source of demand for US Treasuries.
Controversy at NFA Amid Board Elections – Profit & Loss (subscription)
There has been controversy at the National Futures Association (NFA) after claims from one of its board members that the association broke its own bylaws when electing independent directors and then tried to cover it up.
Lawyers Gear Up for Cases in Europe and ‘Last Look’ – FX Week(subscription)
The co-lead in the US class-action lawsuit expects more cases in Europe and for other areas of trading to come under scrutiny.
RBS FX Trader’s Arrest Said to Have Preceded Departure From UK –Bloomberg
UK prosecutors arrested Royal Bank of Scotland Group currency trader Paul Nash last month as he was about to leave the country, according to two people with knowledge of the matter.
Parker FX Index Up in November – Profit & Loss (subscription)
Currency funds tracked by the Parker FX Index remained in positive territory in November for a fifth consecutive month after benefiting from renewed volatility in the latter part of 2014.