Robert Mackenzie Smith
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Articles by Robert Mackenzie Smith
FXCM scraps dealing desk following FCA review
Lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30
EUR/CHF long positions make market anxious
The recent downward pressure on the euro has led Saxo Bank to reconsider the margin it charges as the Swissie floor gets hit
ABN Amro hires Singh in FX clearing
After several months out of the market, Noel Singh returns to ABN Amro
Deutsche Bank appoints CMTS co-heads
The bank has promoted internally and hired externally in its capital markets and treasury solutions group
Saxo Bank London chief departs
Torben Kaaber has left Saxo Bank after more than 16 years and is replaced in London by Matteo Cassina
Regulators missing the elephant in the room
The changes happening in the FX market have woken banks to credit risks they were previously unexposed to
EUR/USD may hit parity as dollar shows signs of life
Having survived the best part of the year without a particular trend to follow, investment firms are seeing light at the end of the tunnel
CFTC's FXPB reporting rules add to regulatory confusion
CFTC reporting rules, introduced 18 months ago, force FX prime brokers to take evasive action while awaiting clarity
Plans for new USD/RUB benchmark fall flat
EM benchmark concerns remain as EBS and Moex fail to agree on terms for USD/RUB fixing after two years of talks
Gain GTX hires former Marex FX sales team
GTX targets FX agency desk growth in London with new arrivals
Danske Bank creates currencies, commodities and corporates team
The Danish bank has promoted three senior staff in Copenhagen and Sweden as it comes to terms with tougher market conditions
BTIG creates Chicago FX desk
The broker dealer expands FX operations with a team in Chicago to complement its New York offering, set up in 2012
Cantor Fitzgerald hires Goldman Sachs' Americas e-FX sales head
Cantor Fitzgerald expands FX sales and trading group with two hires from Goldman Sachs in New York
FXPBs, agency desks set to resume derivatives trading
After 14 months and failed attempts to relaunch the agency brokerage business in the US, new proposals spark light at the end of the tunnel
Morgan Stanley appoints new Emea FX options head
US investment bank relocates its Americas FX options head to London
More gloom ahead for FX dealers in next two years
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage
End of Bretton Woods has helped dollar reserves - ECB
Collapse of Bretton Woods System caused significant upheaval of currency reserve trends, says ECB report
UniCredit hires former BAML trader
Former BAML FX/rates trader returns to the industry at UniCredit to head up rates and FX trading for CEE
SocGen appoints FX salesman in London
The French bank boosts ranks of FX real-money sales business in Emea
Marex Spectron brings in Kyte’s head of FX trading
Marex has begun to replace the three FX salesmen who left the broker last year with the appointment of Chris Harland in London