Central Banks Enhance Liquidity Swap Lines

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank have announced a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements. These central banks have agreed to lower the pricing on the […]
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FMSB Publishes 2019 Annual Report

The FICC Markets Standards Board (FMSB) has issued its 2019 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities (FICC) markets and its priorities for the year ahead. FMSB is a private sector, practitioner-led organisation whose membership collectively accounts for a substantial share of […]
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Refinitiv Launches Matching in Ghana

Refinitiv has extended its reach in Africa by launching its Matching for FX platform in Ghana for trading of the Ghanaian Cedi (GHS). Dr. Ernest Addison, governor of the Bank of Ghana, expressed the importance of this key milestone to the Ghanaian financial market and the broader West African community, by noting, “Ensuring that we […]
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TickTrade Adds Payments Solution

Toronto-based FX trading solutions provider TickTrade Systems has added new global payments capabilities, which it says will make it easier for financial institutions to deliver end-to-end FX trading and payments solutions to their clients. The firm says that new competition, expanding regulatory/standards requirements and rapidly changing client demands in global payments pose serious threats to […]
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ISDA a Step Closer to Benchmark Fallbacks Definition

The International Swaps and Derivatives Association (ISDA) has published a statement summarising responses to a supplemental consultation on the spread and term adjustments that would apply to fallbacks for derivatives referencing euro Libor and Euribor. The statement follows a fourth consultation exercise over the issue that has vexed markets as regulators push for an end to the […]
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ISDA to Try Again on Pre-Cessation Fallbacks

Following a consultation that failed to come to a consensus last year, The International Swaps and Derivatives Association (ISDA) has announced that it will re-consult on how to implement pre-cessation fallbacks. Based on the results of that consultation, ISDA says it will move quickly to deliver the appropriate, industry endorsed fallback solution later this year. […]
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FX Turnover Rises Again in October

Following what remains to some a surprisingly strong number from the Bank for International Settlements’ Triennial Survey of FX Turnover in April 2019, the latest semi-annual reports from seven of the world’s FX committees indicates that turnover increased again in October 2019. The UK and Canada hit new peaks for FX turnover in the month, […]
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FX Global Code: Adoption Grows

The 2019 Global Foreign Exchange Committee (GFXC) survey of attitudes towards the FX Global Code finds that satisfaction with the document remains high and that adoption is growing. The latest survey had 354 respondents, up from 303 in 2018 and as with the previous survey the majority came from Asia Pacific with 44%, namely Singapore […]
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JP Morgan FX Survey Highlights Data Concerns

Although the availability of liquidity remains the biggest daily concern for market participants, according to JP Morgan’s annual e-trading survey, the results also suggest growing concerns about the availability of data and an increased focus on data services. The annual survey, now in its fourth year, invites institutional and professional traders to share their views […]
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GFXC Issues Report into Anonymous Trading

The Global Foreign Exchange Committee (GFXC) has released a report The Role of Disclosure and Transparency on Anonymous E-Trading Platforms alongside the results of its 2019 survey of attitudes towards the FX Global Code ahead of the impending three-year review. The anonymous trading report maps out and describes the current e-trading platform landscape, with a […]
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