Articles by Alessandro Aimone
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
Citadel Securities provides liquidity for Invast Global
Invast Global's PurePrime facility offers bespoke, optimised FX and CFD liquidity, with multiple trading GUIs
Hraska joins DTCC after eight years at Barclays
Jim Hraska becomes a managing director and general manager of the firm’s Fixed Income Clearing Corporation
TriOptima and SwapClear include first client-cleared trades
Eighteen participants in compression cycle for Canadian dollar interest rate swaps, eliminating $1.05trn in notional principal
Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
BoE could cut rates again this year, says StanChart
Nick Verdi, FX strategist for the UK bank in New York, sees sterling ending 2016 at $1.20
Pragma completes NY5 migration
The data centre move concludes a multi-million-dollar upgrade of the firm’s technology infrastructure
HSBC: global acceptance of redback is rising
Figures come from the bank's 2016 renminbi internationalisation survey, conducted with 1,600 corporates across 14 countries
CFH Systems buys Capital Market Automation Provider
CFH to acquire CMAP’s 49% stake in its organisation, following last year's joint venture
Shanghai Futures Exchange rolls out market surveillance
The new system will be powered by Nasdaq's Smarts Trade Surveillance
Saxo Bank recruits Kalyanswamy as CIO
He brings more than 20 years' experience of working in senior technology roles
Fluent rolls out EBS Live Ultra connectivity
The low-latency provider starts connecting EBS BrokerTec clients to the data feed it launched last month
Blockchain adoption by banks at least six years away
Banks are holding back due to regulatory uncertainty and lack of in-house expertise, research by Six Securities Services finds
Scotiabank joins board of GFMA global FX division
GFXD also appoints JP Morgan's Claudia Jury and Nomura's Nigel Khakoo as chair and vice-chair
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
Alpha FX appoints Kidd as CFO
Icap's former Emea CFO joins the UK corporate FX brokerage
China’s FX reform hit treasurers the most – JP Morgan survey
Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
Burt and Jerrom join BGC Partners from RJ O'Brien
They take on new roles after working as brokers for three months in listed FX futures at RJ O'Brien
Dahlström, SEB's global head of FX spot exits
Markus Dahlström leaves the Swedish bank after 15 years, two of which he spent at the helm of spot trading
Rabobank: Trump expectations will favour safe-haven currencies
Rabobank says the likelihood of a Republican victory could spark a flight to safety and a broad correction in many risk assets
CBOE buys Bats for $3.2bn
The firm is expected to incorporate the functionality of both platforms and migrate its trading to Bats' proprietary system
CLS to launch payments netting service
CLS Netting, expected to go live in late 2017, will allow institutions to net trades currently not included in the CLS settlement service
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets