Swift gpi looks to set new global payments standard

Swift gpi looks to set new global payments standard

After a successful year-long pilot phase, the new Swift global payments innovation (gpi) messaging platform is now live, but it still has some way to go before meeting Swift’s aspiration of it being adopted as the global standard.

FX: DIY performance analysis tools hit the masses

FX: DIY performance analysis tools hit the masses

Performance analysis solutions, once so pricey only the biggest banks could afford them, are becoming more widely used for FX strategies as regulations demand greater due-diligence processes and sell-siders are under pressure to prove they are giving clients value for money.

Regulation and innovation thrive together in the FCA’s sandbox

Regulation and innovation thrive together in the FCA’s sandbox

The Financial Conduct Authority’s (FCA) regulatory sandbox has been a hit with market participants and regulators alike, giving firms whose services were never anticipated by existing rules the chance to test out new features without fear of fines or enforcement action.

Debt mountain casts shadow over the loonie

Debt mountain casts shadow over the loonie

After a long period of dormancy, the Canadian dollar appears to have turned a corner in recent trading, as rising oil prices and a booming economy boosted appetite for the currency.

XTX puts pressure on ‘last look’ in spot FX

XTX puts pressure on ‘last look’ in spot FX

FX market-maker XTX Markets is placing its bets on trade transparency, making a new tool available to the buy side that will, for the first time, enable them to calculate the cost of trades rejected by market-makers.

The Fix – meet the Libor scandal’s ‘Trader A’

The Fix – meet the Libor scandal’s ‘Trader A’

The story of convicted Trader A – Tom Hayes – lays bare the actions of a few cliques that masterminded the headline-grabbing Libor scandal, but despite Hayes’ conviction it is still notoriously difficult to pin blame on individual traders even if a firm admits wrongdoing.

Econ calls for ‘fair’ deal with UK on market access

Econ calls for ‘fair’ deal with UK on market access

There may be yet some good news for UK based financial services in the wake of Brexit, if the Economic and Monetary Affairs Committee (Econ), a powerful committee within the EU Parliament, gets a draft resolution now being considered through to a plenary vote in its current form.

FX: MetaTrader 5 finally takes off

FX: MetaTrader 5 finally takes off

The long-awaited addition of hedging functionality to online trading application MetaTrader 5 (MT5) appears to have convinced at least retail FX customers that, seven years after its launch, it might at last be time to trade up their trading platform.

Trump’s tax holiday proposal likely to see dollar surge, says Nomura

Trump’s tax holiday proposal likely to see dollar surge, says Nomura

One of the US president’s oft-repeated election promises was a tax holiday to encourage US corporations to bring assets held abroad back onshore – if he delivers, the dollar is likely to strengthen considerably against the currencies in which those assets are held, says Nomura.

Investment banking: Fixed income rules the roost again at US CIBs

Investment banking: Fixed income rules the roost again at US CIBs

Last year was far from a vintage year for the big five US corporate and investment banking franchises, with almost no business lines seeing an overall increase in revenues in 2016, but the gains in fixed income sales and trading were enough to inch CIB division revenues up by 1.4% to $142 billion.

Czech koruna prepares for lift-off as speculators dive in

Czech koruna prepares for lift-off as speculators dive in

The Czech currency came under sustained upward pressure in the middle of January, as investors piled in on bets that faster inflation would spur the central bank to abandon a cap that has kept a lid on the koruna for the past three years.

What’s behind Trump’s enthusiasm for GSE reform?

What’s behind Trump’s enthusiasm for GSE reform?

Reprivatizing Fannie Mae and Freddie Mac is high on the agenda of the new Trump administration – its close ties to the hedge funds that were hit by their conservatorship and subsequent cash sweep could explain why, and is just one example of the murky incentives that have followed Donald Trump into the White House.

FX: Bad news better than no news as sterling surges on hard Brexit talk

FX: Bad news better than no news as sterling surges on hard Brexit talk

On a day many expected would see the pound sink to new depths, the currency instead responded to news that the UK would be leaving the single market by posting its best performance since the referendum – but whether the day marked a turning point or a mere relief rally, nobody can be sure.

FX: Start-up BestX wins first bank client with JPMorgan

FX: Start-up BestX wins first bank client with JPMorgan

JPMorgan’s decision to adopt a newly launched trade analytics service for its market-leading currencies business highlights the need for independent validation of execution quality in foreign exchange, according to the service’s co-founders.