Trading
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Spot FX is a ‘bankrupt business’ if economics don’t change
The complexity and choice available to participants has increased at the same time as liquidity provision dynamics have shifted, upending previous business models, panellists say
BoE wrong to act so soon – CMC Markets
Despite gloomy consumer confidence data, retail sales rose in July – evidence that data does not support the decision
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Central bank measures are losing the element of surprise
As the Fed holds rates steady this year, G10 currencies are expected to trade flat, says Dominic Bunning, HSBC's senior FX strategist
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
Sterling has further to fall – ABN Amro
Following action by the BoE and with more negative data on the economy expected, sterling is likely to hit 1.20 by the year end
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
Westpac tops forecast table on stronger dollar call
Australian bank sees markets focusing on central bank action once again
FX volumes rise, but UK loses year-on-year
North America is booming, but the UK performs worse than in April 2015
Plea bargain may be an option for the HSBC two
But the maximum prison sentence for Johnson and Scott, if they are found guilty, could be 30 years
ACI Dealing Simulation course takes place on August 31
The four-day residential event will run in Stamford, Connecticut
Ficc revenues surge for US banks
The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers
FX benchmarks: everyone's a loser, baby
HSBC case highlights the inherent conflict of interest created by point-in-time benchmarks, says currency consultant
North American FX volumes move up
Average daily volumes increase in the US and Canada, but there's some way to go before they hit 2014's numbers
Policy divergence to remain a theme for two more years
Some currency pairs could go lower if the Fed's hopes for a rate increase materialise, says Wells Fargo analyst
Scott faces extradition to US
The Department of Justice wants the former HSBC trader to face charges on US soil