FX: Market struggles to interpret global code

FX: Market struggles to interpret global code

By PAUL GOLDEN

The Global Foreign Exchange Committee (GFXC) is trumpeting the fact more than 100 market participants have made statements of commitment to the FX global code, but these organizations face obstacles to maintain adherence, according to consultants.

Former RBC FX trader suing bank for £13 million

Former RBC FX trader suing bank for £13 million

By FARAH KHALIQUE

A senior currency trader fired from Royal Bank of Canada is taking the bank to task at an unfair dismissal hearing that includes accusations of sloppy trading, alleged bribery and an 'incoherent and inconsistent' global FX policy that he claims no one had bothered to read.

FX: Tech focus shifts to horde of untapped trade data

FX: Tech focus shifts to horde of untapped trade data

By PAUL GOLDEN

The sell side has largely realized the potential of technology to minimize the impact of FX market fragmentation, although experts suggest it could do more to extract value from the data generated by electronic trading.

FX: Big corporates ramp up algo usage

FX: Big corporates ramp up algo usage

By PAUL GOLDEN

The most active corporate FX traders have once again ramped up their use of algos, recognizing the potential for cost savings and risk management.

G20 ministers wrestle with cryptocurrency oversight

G20 ministers wrestle with cryptocurrency oversight

By SOLOMON TEAGUE

Finance ministers and central bankers at the G20 have called for greater global coordination in their approach to cryptocurrencies, but that looks a remote prospect when different regulatory bodies in the same country cannot agree a strategy.

Macau turns to a hub

Macau turns to a hub

Instead of ignoring its colonial past, Macau is using it as a unique selling point for its renminbi clearing services by targeting Portuguese-speaking markets.

CFETS ramps up its tech partnership with NEX

CFETS ramps up its tech partnership with NEX

By PAUL GOLDEN

China’s interbank market trading platform and infrastructure provider has ramped up its technology partnership with NEX to capitalize on the ever-increasing appetite for algorithmic trading.

FCA-CFTC cooperation: Is there a sandbox in the US’s future?

FCA-CFTC cooperation: Is there a sandbox in the US’s future?

By PAUL GOLDEN

Euromoney looks at the approach taken by regulators to encouraging fintech innovation in North America, after the announcement of a formal information exchange arrangement between the UK’s Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC).

CFTC’s concerns about FX industry annoy pros

CFTC’s concerns about FX industry annoy pros

By PAUL GOLDEN

Comments made by the US regulator at an FX industry event in Miami in February have raised the hackles of some market participants over the thorny issue of ghost or phantom liquidity.

Whistleblowing: still a risky business

Whistleblowing: still a risky business

By FARAH KHALIQUE

Industry experts on whistleblowing have been lobbying hard for reform, but it is still often the case that whistleblowers with the best of intentions have found themselves in legal grey areas, ending up blacklisted, bankrupt and unable to work in the City again.

Why the FX pool is still hard to navigate

Why the FX pool is still hard to navigate

By JOEL CLARK

The forex market may have had a quiet 2017 with no big market dislocations, but liquidity is not as deep as it once was, while the buy side is becoming more discerning, driving changes in trading behaviour.

Special focus

FX scandal: in the spotlight

FX scandal: in the spotlight

The market tremors from the FX-fixing scandal and subsequent probe – triggering a flurry of fines, litigation cases and prosecutions – is set to reverberate for years to come.

The future of the RMB: special focus

The future of the RMB: special focus

Euromoney's latest coverage of how Beijing is seeking to globalize the renminbi, through currency swaps and trade-financing facilities; the rise of the offshore bond market; and how fee-hungry banks are salivating at the prospect of the RMB’s growth.

SEFs (swap execution facilities): Special focus

SEFs (swap execution facilities): Special focus

Swap execution facility (SEF) regulations, intended to increase transparency and reduce swap market risk, have been reported to impact market makers’ margins and liquidity, creating wider spreads for end-users.