Payments, payments and a new system…
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 ...
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, 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 ...
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 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 ...
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 ...
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 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 ...
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 ...
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 ...