Articles by Eva Szalay
Asia most advanced in FX clearing, according to panellists
India, China and South Korea are the most advanced economies in the clearing space, attendees hear at the 10th annual FX Week Asia conference
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
G-20 needs to arrest currency wars to stop Asian deflation
Callum Henderson, global head of FX research at Standard Chartered calls for leaders to put a stop to currency wars; says SGD is an ideal candidate for funding relative value carry trades in Asia
Systemic risks in the market on the rise, says Iosco economist
Risk-taking activity yet again at near all-time highs and return of complex financial instruments is another troubling sign
Tech and infrastructure demands of reporting data put pressure on banks and regulators
The terabytes of data regulators receive every day is challenging for both banks and supervisors
Desai joins HSBC in Singapore
Deasi switches from RBS to HSBC in FX sales
ADS Securities launches in London
The Abu Dhabi-headquartered company opens in London and entrusts James Watson to lead its expansionary efforts in Europe
Anselmetti joins UniCredit
Anselmetti joins as an advisor for institutional and large corporate FX sales
Burroughs and McClements join RBC Capital Markets
Burroughs becomes a director and McClements a vice-president in e-FX sales
FSB releases final benchmark report
FSB supports wider fixing window, the separation of benchmark orders and industry-led netting solutions
Agency execution set for strong growth
Growth is being driven by the changing role of dealers and best execution pressures on the buy side
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach
FCA investigation becomes systems and controls case
Banks and the FCA have reportedly entered into talks to settle allegations of benchmark manipulation, with the focus turning to systems and controls as regulators struggle to link senior management to complaints
Newedge hires Jamie Gavin for OTC clearing role
His responsibilities include OTC clearing of institutional sales, and overseeing the product development, operations and technology teams
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
Parikh hands in resignation at Goldman Sachs
The migration of senior FX traders from banks to the buy side continues, with Parikh exploring options at a hedge fund
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now
ForexClear adds PEN to cleared currencies
Clearing house can now handle 12 currencies and more than 95% of non-deliverable forward markets
ITG launches new FX benchmark
Research and execution broker aims new reference price at portfolio managers and traders as the race to find alternative benchmarks heats up
Democratisation of risk masks volume discrepancy
The fundamental rearrangement of roles in FX markets is driving underlying volume growth and market structure changes
CLS faces up to Eastern realities
CLS suspends operational trials of the ruble and will delay the currency's adoption from its original November deadline
Ex-Citi Ramchandani returns to market, joins LCG
Ramchandani's hire follows a period out of the market after he became embroiled in the slew of accusations surrounding the global regulatory probe into currency trading
ParFX launches buy-side push
First trade via prime completed on August 28, trial phase will run to four weeks
BNPP's Waddington relocates to Hong Kong
His job title and focus remain the same, and he will continue to co-head global e-markets alongside Thomas Soede