The flow of FX trades processed through Thomson Reuters’ market-leading service continued to decline in November after a tepid October.

The flow of FX trades processed through Thomson Reuters’ market-leading service continued to decline in November after a tepid October.

LMAX Exchange, the FX trading exchange backed by Betfair, has selected Equinix as its service provider at its data centre in London, the company says in a statement.

The Credit Suisse FX sales and trading team is five persons lighter, as departures from the bank continue.

Average daily volumes (ADVs) on EBS, Icap’s electronic FX trading platform, rose in November after hitting an all-time record low in October.

OpenFin, the technology provider, has launched OpenFin Desktop, a product that allows financial services firms to deploy trading applications using HTML5.

Average daily volumes (ADVs) on EBS, Icap’s electronic FX trading platform, rose in November after hitting an all-time record low in October.

The daily turnover in Hong Kong’s renminbi (RMB) Real Time Gross Settlement (RTGS) system, which serves the global RMB market, has reached RMB250 billion, according to data released by the London-Hong Kong Forum, which is meeting in London this week.

Bernard Kipping, a 23-year veteran in FX trading at Commonwealth Bank of Australia (CBA), has left the bank, according to sources who spoke to EuromoneyFXNews.

WisdomTree, an exchange-traded fund (ETF) sponsor and asset manager, says it is closing two currency funds because they have failed to attract enough investor interest.

ADS Securities, the Abu Dhabi-based brokerage, has launched Orex, an FX platform for institutional clients.

Standish Mellon Asset Management Company, the Boston-based fixed-income fund management unit of BNY Mellon, has hired a senior portfolio manager for currency strategies from American Century Investments, the bank says in a statement.

The head of options for the Americas at RBS has joined Nomura as managing director and senior FX options trader for the Americas.

FX brokerage GFT is shuttering its retail business in the US in a bid to focus on its institutional clients in North America and globally.

EBS, Icap’s electronic FX broking platform, has acquired ClientKnowledge, the FX market infrastructure consultancy, in a bid to bolster its liquidity provision.

Thomson Reuters, the market-leading FX multi-dealer platform, has completed the migration of the 1,100 subscribers to its Thomson Reuters Matching platform to a new API, which will increase the volume of trades processed through the portal.

Currency analysts warn that the Australian dollar might no longer be the monarch of risk-on currencies, writes Institutional Investor, a sister publication of EuromoneyFXNews.

Chinese authorities are likely to widen the trading band on the USD/CNY in 2013, as the country seeks to further internationalize its currency with a series of measures to increase the momentum towards the full liberalization of its capital account, according to Deutsche Bank.

A pledge by Mario Draghi, president of the ECB, to do whatever it takes to ensure the survival of the eurozone, could face a test in 2013 as economic fundamentals are likely to worsen, says Lorenzo Bini Smaghi, a former ECB board member.

UK-based hedge fund Stratton Street sees value in buying US dollar bonds from Asian countries with high net finances to GDP, using an NDF to add renminbi exposure, the firm tells Asiamoney, a sister publication of EuromoneyFXNews

No one likes to say: “I told you so.”

South Korea’s efforts to weaken its currency by limiting banks’ FX positions will hurt local asset managers’ abilities to buy foreign currency bonds while having a limited impact on controlling the won.

The renminbi (RMB) has dropped two places in the global currency payments tables, driven by a slowdown in the value of institutional transactions, but analysts remain confident that the currency’s global role will expand.

The renminbi (RMB) has dropped two places in the global currency payments tables, driven by a slowdown in the value of institutional transactions, but analysts remain confident that the currency’s global role will expand.

Euphoria over the EUR’s prospects among German corporates after the European Central Bank’s (ECB) launch of the outright monetary transactions (OMT) bond-buying programme in September has evaporated.

Global companies conducting onshore and offshore business with China can now receive live interbank pricing for CNY and CNH through a new Bloomberg real-time data service launched on Thursday.

The Japanese economy’s predilection to rob from Peter to save Paul is finally coming home to roost, argues Axel Merk, CIO of Merk Investments.

The People’s Bank of China (PBoC) will continue to support the internationalization of the renminbi by issuing more cross-border lending quotas to multinational corporations (MNCs), easing concerns on excess liquidity trapped onshore, according to Asiamoney, a sister publication of EuromoneyFXNews.

The former global head of FICC e-commerce has left RBS, according to sources familiar with the matter.

Saxo Bank, the leading online FX broker, has announced plans to cut more than 250 jobs as a result of subdued trading activity from its retail client base.