Standard Chartered has launched a renminbi globalization index (RGI) that will track the evolution of China’s currency as it moves inexorably toward becoming a new reserve currency, acting as a useful reference tool for clients as they integrate the currency into their hedging policies.

Hotspot FX, the multi-dealer venue owned by Knight Capital Group, has embarked on a process to filter the number and quality of liquidity providers to its platform to attract more volume.

Michael Spencer, chief executive of the world’s largest inter-dealer broker Icap, has issued a stark warning over the health of the financial markets.

TradingScreen, the trading technology company, is designing a new transaction cost analysis (TCA) tool with a company in the fixed income market that will include pre-trade and post-trade functionality for FX.

Tradable has launched a new FX platform it believes will revolutionize the world of online retail trading.

Eight months into the revamp of EBS, the FX exchange’s chief executive Gil Mandelzis says the platform is still very much a work in progress.

The drop-off in FX volumes witnessed during the past month is the result of investor resignation over political interference in the market.

Citi has made a series of hires in Central and Eastern Europe, Middle East and Africa (CEEMEA) FX trading and sales.

BNP Paribas has announced two more additions to its New York FX operation.

Banks and buy-side firms are substantially cutting investment in computer software and hardware products for key asset classes, including FX, despite it being essential in helping them comply with incoming financial regulations.

The Swiss National Bank (SNB) could be in for a challenging end to the year as the pressure on the floor in EURCHF intensifies, warns UBS.

BNP Paribas has recruited a Deutsche Bank FX salesman, according to people familiar with the situation.

Beijing policymakers are set to speed up the opening of China’s capital account, allowing the renminbi to be fully convertible within five years, according to HSBC.

There is hope for FX investors looking to escape the tyranny of the risk-on/risk-off (RORO) phenomenon.

Finding an edge in the crowded space of multi-dealer FX platforms is a difficult proposition these days. So far in 2012, a dozen new platforms have entered the market looking to cater to institutional clients. Not all of those will stand the test of time.

Trading activity at EBS, Icap’s electronic FX trading platform, resumed its slide in October, hitting a record low as Hurricane Sandy and depressed volatility weighed on volumes.

Danske Bank, Denmark’s largest bank, is developing a new FX e-trading platform it hopes will help expand its business in the market beyond the Nordic region.

Foreign eXchange Consulting Services International (FXCSI), a transaction cost analysis (TCA) services company launched in 2010, is set to release a new TCA product in December that it says has been transparently designed to appeal equally to the buy and sell sides of the market.

Danske Bank has hired a new head of FX bank sales.

Caplin Systems, the technology vendor that specializes in building FX single-dealer platforms (SDP), has announced a partnership with Progress Software Corporation to deliver its trading technology and provide a complete solution for the increasing number of regional banks embarking on new SDP projects.

FXCM, the leading online FX broker, has signed another white-label deal in Europe with the announcement of a partnership with Spain’s GVC Gaesco.

The dollar comes into a tight US election on the front foot, but that is more a reflection of concerns elsewhere in the world than the voting intentions in Ohio. That could be about to change.

A senior member of the UBS FX team has left the Swiss bank.

FX volumes at CME Group suffered in October amid reduced volatility in the currency market and as the effects of Hurricane Sandy took its toll on activity at the US-based venue.

Three US banks have joined FXall's 4-month old multi-dealer options trading platform, taking the number of liquidity providers to five.

Foreign exchange revenues at HSBC, the fifth-largest bank in the Euromoney FX survey, fell in the third quarter year on year, but the market remains the most profitable venture of the bank’s global markets operation.

Mean reversion, one of the fundamental properties of FX implied volatility, can be used to create trading signals in the options market, according to Jessica James, head of Commerzbank’s FX quantitative solutions group.

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BNP Paribas has hired a Credit Suisse banker to cover institutional FX sales, according to people familiar with the matter.