Month: January 2016

FXCM in German Link-Up

Online FX broker FXCM announces its new partnership with German broker FXFlat. The partnership gives FXFlat’s customers access to FXCM’s Trading Station and MetaTrader 4 platform, as well as the No Dealing Desk Forex and Enhanced CFD execution models. “FXCM is pleased to partner with FXFlat, a dominant player in Germany,” says Brandon Mulvihill, managing […]

Early Bearishness – a Blip or a Trend?

Markets have started the new year under pressure, with Chinese equities down 7% on 4 January (before automatic circuit breakers kicked in), the Dow Jones shedding 1.6% and the FTSE nursing a 2.4% loss – the worst first trading day losses for many years. Some normality returned to markets on 5 January but only after […]

Greenwich: Top 10 Market Structure Trends for 2016

Greenwich Associates has released a report on “Top 10 Market Structure Trends” to watch in 2016. “As we enter 2016, US markets will be focused on moving forward with the current market structure, whereas Europeans are bracing for and adapting to new rules,” says Kevin McPartland, head of market structure and technology research, and author of […]

Monthly SEF Volumes Lower, But FX Nudges Higher

Trading activity on swap execution facilities (SEFs), measured by average daily notional volume, averaged $370.2 billion per day in November, down 13% from the previous month, but up 10% from November 2014.  An increase in FX trading volume offset a decline in rates and credit trading, data from the Futures Industry Association (FIA) shows. Trading […]

XTX Markets Hires Barclays Duo

XTX Markets has hired Matt Clarke and Moez Ghanmi in London. Clarke has been appointed to an e-FX sales role and joins from Barclays, where we he most recently worked in e-FX hedge fund sales. He will start in his new position in February. “I am delighted to have Matt join XTX Markets. Matt brings […]

Currency Managers Up in November

Currency managers shook off two successive down months with a positive performance in November, according to the Parker FX Index, however 2015 continued to be a struggle for returns. The index, which monitors 31 funds under 27 managers, was 0.87% up in November on a reported basis, and up 0.39% on a risk-adjusted basis. The […]

Phillip Capital Gets FINRA Membership

Phillip Capital Inc, a member of Singapore-based PhillipCapital Group, is now a member of Financial Industry Regulatory Authority (FINRA). As a result, the firm expands its product range from futures and FX to include self-clearing corporate equity and debt securities. The firm, which is in the process of completing final rounds of systems testing prior […]

Riksbank Hints at Intervention

A statement by Riksbank governor Stefan Ingves has raised expectations that the Swedish central bank will step into the market to curb krona strength. Noting that since the central bank’s last monetary policy meeting in mid-December, the Swedish krona has appreciated against most other currencies, Ingves warned that were this trend to continue, “it would […]

China Imposes Ban on Foreign Bank FX Activity

At least three foreign banks have been ordered to suspend foreign exchange business in China. The Peoples Bank of China (PBoC) has imposed a three month ban on some foreign banks’ FX trading in a move intended to stamp out arbitrage opportunities between the onshore and offshore markets, according to a report by Reuters. Profit […]