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22:33 September 9th 2015 in News, Around the World

Around the World

Payments, payments and a new system… INTL FCStone Appointed by Bank of America Merrill Lynch INTL FCStone, says that its London-based subsidiary INTL FCStone Ltd’s Global Payments division will provide Bank or America Merrill Lynch (BAML) with international payments ...
R5FX Attracting Investment?

11:43 September 6th 2015 in News, Around the World

R5FX Attracting Investment?

Nascent emerging markets trading platform R5FX is attracting interest from the banking industry as it seeks to conduct its next stage of funding ahead of a full launch.According to sources familiar with the matter, “several” banks are looking ...
Markit Completes Acquisition of DealHub Markit, a provider of financial information services, said on Friday that it has completed its acquisition of foreign exchange trade processing company DealHub.As previously reported in Profit & Loss the acquisition complements Markit’s business in FX and will allow ...
RMB Used by S. Korea and Taiwan Increases Swift’s latest RMB tracker shows double-digit growth for RMB cross border payments in value compared to July 2014 in several major markets in Asia with China and Hong Kong.According to Swift’s data, six of the top ten countries ...
US Treasury Warns China Over FX Policy Decisions US Secretary of the Treasury, Jake Lew, has warned China that the US plans to hold it accountable for the actions it takes in the financial markets and that it needs to continue moving towards a market driven economy.Speaking ...
Trading Volumes Rise in August EBS, CME Group and Moscow Exchange have all reported a month-on-month increase in foreign exchange trading activity, reinforcing data earlier this week from other platforms. EBS average daily volume sat at $100.3 billion in August, 17% higher than August last year and ...
FX Volumes Rise MoM on Hotspot, FastMatch Institutional FX trading platforms Hotspot FX and FastMatch saw month-on-month increases in trading activity in August – a month when markets were extraordinarily volatile as a result of turbulence in the Chinese stock market following its currency devaluation, falling commodity prices ...
China Imposes FX Forwards Restrictions China has moved to tighten the rules on FX forward trading in a move to further curb speculation in its financial markets.Sources tell Reuters that the People’s Bank of China (PBoC) has imposed a rule stating that banks ...
US Regulator Targets Offshore Manipulation The US Department of Justice is reportedly expanding its currency market probe to investigate potential manipulation in Russian ruble and Brazilian real markets.According to a report from Bloomberg News, the DoJ is working with the group of banks that ...
FIA, FIA Europe, and FIA Asia to Merge The boards of FIA, FIA Europe, and FIA Asia, who each represent the interests of regional futures industry participants, have agreed to merge in the first quarter of 2016.The three associations have been affiliated with each other since 2013 through the ...