CLS, the multi-currency settlement system, reported a rise in the average daily value of FX contracts submitted for settlement in March.

Taiwanese banks may open new branches in China and Hong Kong to meet their long-term renminbi and offshore renminbi (CNH) capitalisation needs, according to Asiamoney, a sister publication of Euromoney FXNews.

Ohio Police and Fire pension fund (OP&F) has placed Mellon Capital Management on watch because of the unsatisfactory performance of its active currency mandate, according to an OP&F spokesman.

Average daily trading volume on FXall, the leading multi-dealer platform, rose 13% year on year in the first quarter of 2012, the company said in a statement.

The ECB’s liquidity operations may have induced an unsustainable vicious circle among Europe’s troubled banks as eurozone contagion fears make a return to traders’ radar screens.

Currency speculators on the CME have cut Australian dollar long positions to their lowest level since the start of the year, as the Canadian dollar draws more attention from the speculative community.

Thomas Jordan, acting chairman of the Swiss National Bank, has restated the central bank’s commitment to maintaining the SFr1.20 floor in EURCHF, which was briefly breached last week.

Oanda, the retail foreign exchange provider, has launched fxUnity, the latest entrant to the burgeoning market for FX social networking sites.

FX volumes on the world’s leading FX platforms eased in March as activity remained subdued.

The Hong Kong Monetary Authority (HKMA) has announced it will simplify renminbi position-squaring procedures for authorized institutions (AIs), according to Asiamoney, a sister publication to EuromoneyFXNews.

Société Générale has reorganized its global markets business by merging four separate units into one business called fixed income and currencies (FIC), which sees several of its corporate FX salespeople being promoted to senior roles under the new structure.

EURCHF dropped through the Swiss National Bank’s (SNB) SFr1.20 floor on Thursday for the first time since the central bank imposed the peg in September.

Streamlines derivatives processing; MarkitServ launches competing product

The confusion over the Federal Reserve’s monetary-policy stance has heightened, as the central bank flip-flops between hawkish and dovish rhetoric.

China has raised the limits on the amount of money that foreigners can invest in its capital markets, further loosening restrictions as it moves towards convertibility of the renminbi.

Confusion reigned between Budapest and London on Wednesday morning as to what was the correct spot-settlement date for the forint and its cross rates.

Tradeo has launched what it calls the FX market’s first social trading network, opening up collective knowledge of the FX trading community to the individual trader.

EuromoneyFXNews spoke to several buy-side clients during the survey period, and below is a collection of comments on SDPs.

EuromoneyFXNews’ inaugural e-trading survey reveals that buy-side clients expect the move from voice trading to electronic trading to build momentum, with single-dealer platforms gaining favour as application programming interfaces stall.

Investors wishing to position for EUR weakness or hedge against a re-intensification of sovereign debt concerns should consider the good value offered in EURUSD and EURGBP risk reversals, says Credit Suisse.

Morgan Stanley believes the People’s Bank of China will allow its currency to appreciate markedly against the dollar by the end of the year, notwithstanding recent data disappointments and an essentially unchanged USDCNY year-to-date.

Troy Rohrbaugh, JPMorgan’s global head of FX, believes he might be in a more advantageous position than some of his competitors.

Jens Nordvig, global head of currency strategy at Nomura, has been shortlisted for the Wolfson prize, which offers £250,000 to the best suggestion for how to handle the break-up of the eurozone.

Gil Mandelzis, the recently installed chief of EBS, Icap’s electronic FX broking platform, has replaced one of the senior executives who left the firm after its recent shake-up.

FXall, the recently listed multi-dealer platform, has appointed a new head of Europe, Middle East and Africa who will take up his post next week.

Electronic FX volumes rose above 60% of the total global FX market for the first time last year, according to Greenwich Associates’ foreign exchange services study.

Norway’s central bank should follow the lead of the Swiss National Bank (SNB) and implement a lower limit in EURNOK to stem the rise in its currency, says HSBC.

Emerging market (EM) currency index returns pared gains after the rally in risk assets faltered in March, on concerns that a China economic slowdown and rising oil prices might threaten a nascent global recovery, according to data from an independent index provider.