EBS BrokerTec and Icap Information
Services (IIS) have launched EBS CNH Benchmark, the first fully electronic,
trade-backed reference rate for the offshore Chinese renminbi (CNH) market,
according to Icap.
The benchmark is published daily at 16:30
Beijing/8:30 GMT, and is timed ...
Icap’s EBS average daily volumes (ADV) were down 3% year-on-year
in June, standing at $97.4 billion, the firm reports. However, volumes were up
sharply on a month-on-month basis in June, rising by 29% compared to May.
The movement was partially driven by ...
FXSpotStream (FSS) is the latest multibank FX
platform to report record trading volumes following the spike in activity
caused by the UK’s referendum decision to exit the European Union.
In June, FSS recorded
a new all-time service record for ...
The first three platforms to confirm data
for June show that FX volumes rose across the board driven, of course, by
activity around the UK’s vote on European Union membership.
FastMatch recorded average daily volume
(ADV) of $16.1 billion in ...
The path to full liberalisation of China’s currency, the RMB might
be complete by 2018, with the offshore and onshore markets set to eventually
merge, EBS BrokerTec is forecasting.
"We expect the onshore and offshore (Chinese currency)
markets to merge ...
Icap and Tullett Prebon have offered to change the terms of the proposed acquisition of Icap’s voice/hybrid broking business by the latter in order to avoid an in-depth investigation from the UK’s Competition and Markets Authority (CMA).
John Burt and Peter Jerrom, senior vice presidents in the
listed FX business at RJ O’Brien Europe, have departed the firm, a spokesperson
Sources indicate that the pair were let go despite only joining the firm in April ...
Foreign Exchange Trade System (CFETS) is to open branches in London and New
York in a bid to become “a main trading platform and pricing centre” for the
yuan at a global level.
to a Reuters’ report, ...
Barely a week after trading was halted at UK-based
proprietary trading firm Futex, another London-based company was, according to
sources, out touting for fresh business by offering clients 300:1 leverage. The
firm involved has apparently unveiled a new ECN offering and ...
ADS Securities has
today launched its prime-of-prime product, which provides prime brokerage
services to clients who do not have an FX prime broker, or need additional
credit lines to access either ADS liquidity, or their own liquidity, and
execute anywhere ...