Articles by Alessandro Aimone
China FX reserves rise for fifth consecutive month
PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion
Former Barclays trader banned by Fed
Michael Weston routinely engaged in 'unsafe and unsound conduct' between January 2011 and October 2012
FCA warns on currency converter tools
UK watchdog follows up on investigation into payment institutions and their use of interbank rate in online tools
BNP Paribas fined by Fed over FX manipulation
The French bank is to pay $246 million to settle an investigation into misconduct
India’s public-sector corporations adopt Bloomberg FXGO
Firms include Gas Authority of India, Rural Electrification Corporation and ONGC Videsh
ADS appoints Baggioli as COO
He takes on dotted-line management responsibility for the London and Hong Kong subsidiaries as a board director
e-FX Awards: BNP Paribas – Best Bank Algorithmic Trading Technology Provider
The bank is developing its fourth-generation algos, with the aim of giving clients even more control over execution
e-FX Awards: Pragma Securities – Best Independent Algorithmic Trading Technology Provider
Regulation helps Pragma’s growth; clients appreciate its value proposition around transparency and control
e-FX Awards: FastMatch – Best e-FX Trading Venue
In Q1, FastMatch saw ADV grow 61% year-on-year to $17.7bn. In April, it recorded $19bn ADV – 76% higher than in the corresponding period of 2016
e-FX Awards: Fenics – Best e-FX Software Provider
Release of Fenics Trading Solutions allows the firm to spread across geographies such as Emea and North America
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
Esma warns it may intervene to regulate CFDs and retail products
Two years since Esma set up a task force to supervise risky products such as CFDs, rolling spot FX and binary options
Sterling to stay under pressure – CIBC
GBP/USD expected to trade at 1.27 in Q3 and 1.32 by 1H 2018
BoE warns of potential disruption to clearing business for EU firms
Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies
Caxton launches multicurrency account for SMEs
The new service provides access to 34 currencies with a single IBAN number
Emmanouil Lemonakis leaves Saxo Bank
After 11 years at the Danish bank, Emmanouil Lemonakis becomes head of international sales at IbanFirst
Saxo Capital Markets exits CFD lobbying group and sides with FCA
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products
JP Morgan wins appeal ruling against Patrice Ktorza
UK appeal tribunal sends Ktorza's lawsuit for unfair dismissal back to employment tribunal
Thomson Reuters partners Symphony to take on Bloomberg
The partnership aims to create seamless integration of powerful communication and collaboration capabilities across markets
Sucden Financial selects smartTrade’s FX platform
The institutional broker chooses LiquidityFX to support its expansion drive
Phil Weisberg joins AxiomSL
Thomson Reuters' former global head of FX becomes a strategic adviser
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays
ADS Securities appoints Chui as head of brokerage risk
Abu Dhabi-based Fabian Chui joins from IG Group