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Global FX daily turnover reaches $5.345 trillion up 34% according to 2013 BIS...
The Bank of International Settlements (BIS), has released the latest 2013 Triennial Survey survey of global FX market volumes (the most authoritative survey of global FX market activity) Headline items...
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EBS and Reuters/FXall Aug 13 FX vols released
The three main OTC FX platforms have now reported their Aug 13 volumes. All three major platforms saw drops in volumes, with EBS again suffering the most down -$11bln/day to $78.7bln/day a drop of -12%...
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Reuters submits SEF application
At last, Thomson Reuters has filed an application with the US Commodity Futures Trading Commission (CFTC) to register as a swap execution facility (SEF). The information provider, which acquired...
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Singapore now Asia’s top FX trading hub
A recent Bloomberg article showing Singapore has overtaken Tokyo as Asia’s largest foreign exchange trading center...
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BAML Mercury adds FXPB
Bank of America Merrill Lynch (BAML), has launched a new FX Prime Broker Service (FXPB) on their Silverlight Mercury Platform. The FXPB platform provides suite of client-driven solutions including...
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Global FX giants vs Super regionals
Emerging regulations under Dodd-Frank’s execution and clearing mandates and the higher capital requirement ratios under Basel, are driving huge changes in the business models for investment banks....
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EBS and Reuters/FXall Sept 13 FX vols released
The three main OTC FX platforms have now reported their Sept 13 volumes. All three major platforms saw a recovery in volumes, led by FXAll which saw a 14% increase to $111bln/day (32% YOY increase),...
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London increases global share of RMB trade
The FT reports London is now the largest RMB trading centre outside of China and Hong Kong. Overall global RMB trading volumes have grown over 100% this year due to increased deregulation in China...
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CFTC extends No-Action letter for FX Swaps
Last Friday the CFTC issued a ‘no action letter’ extending until 29th November the ‘time-limited’ relief from certain Swap Data Reporting Requirements for FX Swaps, the products in focus being NDFs and...
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New low for EBS FX volumes
The pain for EBS continues as ICAP reports EBS monthly volumes hit a new all time low of $77bln/day in October, down some 5% on Sept, and some 16.8% lower YoY. We will show comparisons to Reuters once...
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EBS and Reuters/FXall Oct13 FX vols released
The three main OTC FX platforms have now reported their Oct 13 volumes. All three platforms saw decline in daily volumes in October, with Reuters and EBS both recording multi year (record low) trading...
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Caplin at FX Week Europe today
Caplin are at FXWeek Europe today, so if you at the event, please come on over and say hi to the team. Paul Caplin, CEO will be speaking in the 11.30 Panel discussion on “The future of e-FX: taking...
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EBS November FX volumes tick up slightly
EBS sees November FX volumes tick up by 3% to $79.5bln/day from October’s multi-year low of $77bln/day, but still some -23.4% lower than a year ago. Reuters to report FX volumes later this week.
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The anatomy of the global FX market (BIS research findings)
The Bank of International Settlements (BIS), has just released a in-depth analysis of the recently released 2013 Triennial FX Survey, looking at the changing structure of the FX market, and drawing...
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EBS and Reuters/FXall Nov 13 FX vols released
The three main OTC FX platforms have now reported their Nov 2013 volumes. All three platforms saw small rises in daily volumes in November, with FXAll maintaining it’s newly found position as leading...
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Reuters considering randomising matching in FX
Interesting to see in FXWeek an interview with Thomson Reuters Phil Weisberg talking about introducing a randomising pause on the matching algorithm for their FX spot Matching platform. The randomising...
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Reuters & EBS both sink to multi year low trading vols in Dec
The three main OTC FX platforms have now reported their end of year Dec 2013 volumes. All three platforms saw falls in daily volumes in December, with Reuters Matching and EBS both recording multi-year...
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FXall Dec volume revised upwards
Reuters has revised upwards their FXall December volumes. FXall Dec volumes when initially released showed a drop of $8bln/day to $100bln, representing a 7% drop over November. Now the figures have...
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What’s happening with ECNs?
Last year saw a proliferation of new FX venues with no less than five FX ECNs going live, as well as some important changes to trading protocols of existing ECN venues. These changes and new venues...
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FX revenue significantly higher, yet Deutsche Bank reports lower Q4 revenues...
Deutsche Bank released preliminary 2013 full year figures today, together with details of 4th quarter figures. Net revenues in the 4th quarter were EUR 6.6 billion, 16% below the prior year period. The...
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