ETP leader reckons on risk reduction to crack FX market

ETP leader reckons on risk reduction to crack FX market

By PAUL GOLDEN

Flow Traders is confident that the approach that has made it the leading player in the European exchange-traded products (ETP) market can be replicated in FX as it looks to cash in on increased interest in non-bank market makers.

RBC appeals FX trader’s whistleblowing victory

RBC appeals FX trader’s whistleblowing victory

By FARAH KHALIQUE

The Royal Bank of Canada is appealing a judge’s scathing verdict that it sacked a former trader in London for blowing the whistle on lax compliance, citing a ‘robust compliance culture’.

Middle East’s strategic location drives FX growth

Middle East’s strategic location drives FX growth

By PAUL GOLDEN

Less onerous regulatory requirements and the proximity to markets where retail FX is prohibited continue to encourage brokers to set up shop in the Middle East, despite ongoing state protection for the Saudi Arabian currency.

FX: MTFs still reluctant to move even as Brexit approaches

FX: MTFs still reluctant to move even as Brexit approaches

By PAUL GOLDEN

With less than 10 months to go until the UK formally leaves the European Union, most FX venues remain content to wait for the outcome of negotiations around key issues such as financial passporting before confirming their future strategy.

Why P2P FX hype could be fading

Why P2P FX hype could be fading

By PAUL GOLDEN

Some of the early excitement around peer-to-peer (P2P) FX appears to have subsided, with firms suggesting that clients do not care whether trades are matched internally.

FX Survey 2018: Banks go back to nuts and bolts

FX Survey 2018: Banks go back to nuts and bolts

By JOEL CLARK

With a spike in volatility and the opportunity to consign conduct issues to the past, this might have been a turning point for global FX, but faced with a range of challenges, many market makers are retreating to core competencies.

GFXC plans global index of registers for FX code

GFXC plans global index of registers for FX code

By SOLOMON TEAGUE

The deadline for registering statements of commitment for the global code is only a day away, and market participants are reporting difficulties finding who has signed up, with statements spread out across eight registers – but GFXC has a plan to alleviate the problem.

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.

Special focus

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.

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.

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.