Thomson Reuters Finds Conduct Risk Focus Expected to Increase – Profit & Loss (free story)
Thomson Reuters claims that managing and mitigating conduct risk continues to be one of the highest regulatory priorities, yet financial services firms remain unclear about what conduct risk is and how to address it.
Citigroup Removed its Swiss Franc Hedge at the Worst Possible Time –Bloomberg
Citigroup’s loss on a surge in the Swiss franc this month was exacerbated by the bank’s decision to let protections against currency swings lapse a week earlier, according to people with knowledge of the situation.
Guggenheim Considering Launching Currency-Hedged ETFs – Reuters
Guggenheim Investments is considering launching one or more currency-hedged exchange-traded funds, one of the hottest and most sought-after financial products the last few months.
Alpari UK to Disintegrate Group as Buyers Refuse $25 Million Offer – Forex Magnates
Alpari UK will not be moving forward as a complete business entity any more. The KPMG Special Administration team promised to try and sell the insolvent brokerage as a whole unit and preserve the jobs of its employees – but both of these attempts have failed.
FastMatch Launches New Buy-Side Execution Service – Profit & Loss (free story)
FastMatch has launched its new Agency FX service, which aims to offer buy side clients a unique pool of liquidity and trading tools to save their investors’ money on FX execution.
Hotspot FX Sees Volumes Slow in Second Half of January Despite Swiss Franc Bump – LeapRate
Hotspot FX January volumes came in at $34.3 billion ADV. But despite a record volumes day thrown in, volumes slowed in the second half of the month.
FXCM Pro Sale Update: Price Discussions Now in $70-$90 Million Range –LeapRate
Following on from news last week that FXCM is well along with the planned sale of its institutional FX brokerage arm FXCMPro, the amounts being discussed are now somewhat lower than originally reported.
FXDD Voluntarily Withdraws as an IB in the US – LeapRate
FXDD Global, an online FX trading firm, has announced that its affiliate company FXDD US has applied to the National Futures Association (NFA) to withdraw its introducing broker (IB) license in the US, reflecting the brand’s focus on expanding its international operations and serving retail and institutional traders in countries outside of the US.