Articles by Eva Szalay
Bank e-FX initiative of the year & Most innovative bank e-trading platform: BNP Paribas
Luke Waddington and Thomas Soede, global co-heads of e-markets, say resilience, security and customisation are keywords
E-FX Awards 2014: Innovation reigns supreme during challenging times
The industry is going through one of the most difficult periods in its history, but innovation still thrives
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Iskandar Najjar joins ADS Securities
Responsible for furthering retail and institutional sales
Nichola Hunter leaves EBS
Hunter had worked at the firm since 2003, most recently as co-head of EBS Market
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
Regional banks capitalise on local edge
Emerging market currencies benefit from readily available technology and expertise
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Weng Cheng replaces Currie as head of eFX sales
Currie was responsible for eFX sales in the Asia-Pacific region
Fidessa appoints Polen as global head of e-execution services
The appointment reflects changing market conditions, says Fidessa
GBP/RMB launch a boon to London
PBoC approves HSBC and Standard Chartered as market-makers in GBP/RMB
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
FX manipulation not a "methodology" issue, says ECB
FX committees of major central banks in discussion about stronger co-ordination
Russian central bank eases ruble restrictions
The central bank is working towards a free-floating ruble exchange rate by 2015 and lifts restrictions as political tensions ease
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
E-FX awards shortlist announced
Strong initiatives bolster hope for recovery in the industry
Price Markets launches Solid FX ECN platform
Both via GUI and API
Barclays cuts eight in FX sales, one in structuring
Senior departures in FX sales
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014