Average daily volumes in the global FX market hit a record high in September, data from FX settlement system CLS showed on Tuesday. The value of all transactions through the CLS system, which is used almost universally by the banking industry to process or settle trades, rose to $5.94 trillion a day last month, around…
Read more"Given changing market dynamics, CME Group reorganized its leadership structure last month to better serve our global client base," states CME Group CEO Phupinder Gill.
Read moreTrading on Moscow Exchange's Derivatives Market was resumed at 3:30pm MSK after it was suspended from 2:14 pm MSK. Order cancellation became available at 3:15 MSK. Trading was suspended following detection of a malfunction in the market data distribution system, which was caused by a core system error. The suspension did not impact interim clearing…
Read moreIn a somewhat unusual announcement, eToro refers to geopolitical tensions at a poignant time in which the company adds ruble and yuan currency pairs to its product range
Read moreJP Morgan's chief currency trader in London, Richard Usher, has left the bank, a source familiar with the matter said on Tuesday. Usher, the head of spot G10 currency trading at the U.S. based bank in London, had been put on leave by the bank since October last year. It was unclear at the time whether…
Read moreLeapRate Exclusive…LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $4.3 million worth of FXCM (NYSE:FXCM) shares during the month of October (see table below). Wilhelm unloaded 268,530 shares so far in October for an average price of about…
Read moreThe UK is set to become the first foreign country to print an offshore renminbi bond, a move that points to the currency's growing global appeal and the UK's desire for London to be the major offshore renminbi hub.
Read moreAs industry dialog continues to gain weight since the onset of the global investigation into the alleged practice of FX rate manipulation by banks, order management system provider Barracuda FX's CEO has spoken publicly on how to resolve the matter.
Read morePost trade processing in the global OTC derivatives markets has been the subject of much regulatory scrutiny of late, beginning with North American reform as a result of the Dodd-Frank Act. ICAP's specialist post-trade division TriOptima has now cited a noteworthy change in procedure in the Asia Pacific region.
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