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Week Beginning 31st August 2014

Marex Closes Door on FX Business

1st September 2014
Independent commodities broker Marex Spectron has confirmed its decision to shut down its FX business

FX Revenue Declines Take Their Toll on H1 Banking Revenues

1st September 2014
Bank revenues were hit in H1 by the highest year-on-year decline in G10 FX since 2008, according to Coalition Index data

BGC and GFI Saw Most FX Volume in July: FIA SEF Tracker

1st September 2014
BGC Partners and GFI Group were the leading swap execution facilities in terms of foreign exchange volume in July, according to the Futures Industry Association’s latest SEF Tracker

ESMA Selects Members for OTC, Trading Platforms Group

1st September 2014
Several senior managers in the financial and foreign exchange markets have been selected by the European Securities and Markets Authority (ESMA) to participate in a new consultative working group to assist the Secondary Markets Standing Committee

European Hubs Fuelling RMB Internationalisation

1st September 2014
Europe represents 10% of renminbi payments worldwide in value, with use of the currency in the UK and Germany more than doubling over the last year

MoEx Makes Changes to FX Futures Fixings; RUB Fix Talks With EBS Stall

1st September 2014
Moscow Exchange will be using new fixings to determine the settlement prices of FX futures and is understood to be pushing ahead with the development of its own RUB benchmark independently, as a joint venture with EBS is postponed

Parker FX Index Up in July

1st September 2014
The Parker FX Index returned to positive territory in July

Thomson Reuters to Begin Calculating Taipei Interbank Offered Rate

1st September 2014
Thomson Reuters will today (1 September) begin publishing the Taipei interbank offered rate

CFTC Allows FCM’s to Use UK Banks for Segregated Customer Funds

1st September 2014
The Commodity Futures Trading Commission (CFTC) says it will permit futures commission merchants (FCMs) to deposit customer funds margining foreign futures positions with UK-licensed investment firms, following confusion caused by new rules it passed in the wake of MF Global’s collapse

Canada Strives to be Top RMB Trading Centre for the Americas

1st September 2014
The Toronto Financial Services Alliance (TFSA) and AdvantageBC are working together to promote Canada as a trading hub for the renminbi

ICBC Completes RMB FX Put Option Transactions for Corporates

1st September 2014
ICBC has completed its first batch of RMB foreign exchange put option transactions for multiple corporate clients

Eurex Prepares Launch of Europe’s First Swap Futures

1st September 2014
Eurex Exchange will be launching physically deliverable euro-swap futures today, the first exchange-traded swap instrument available for trading on a European venue

Bull Moose Partners With Krechendo: Readies for Fund Launch

1st September 2014
London-based proprietary trading firm, Bull Moose Derivatives, is joining forces with the largest trading arcade in Paris, Krechendo Trading, to offer combined services in market access and trader training

On the Move

1st September 2014
Citi, Standard Chartered, Credit Suisse, Newedge, CFTC, MMI, ADS Securities…

Tech Corner

1st September 2014
A round up of the latest technology news...

Around the World

1st September 2014
More M&A detail, more structured products in Asia, more room for investors in China, and more money at Moex…

And Finally...

1st September 2014
To paraphrase Monty Python...what has the CFTC ever done for us?