Articles by Robert Mackenzie Smith
Industry calls for changes to benchmark practices
Ongoing investigations into manipulation of FX benchmarks have led to calls for changes to the way the WM/Reuters exchange rates are used
EBS Direct hires Hugh Whelan from Commerzbank
EBS appoints Whelan to oversee liquidity management for the company's new relationship-based platform
Nomura hires former RBS FX sales director
Jonathan Harding resurfaces at Nomura after leaving RBS alongside Graham Wintersgill in July
FXall product management head joins Barracuda FX
Mary Moreleigh joins order management technology vendor in London after three years at FXall
Sefs face major delays in operating outside the US
Despite an overseas person exemption that allows recognition of CFTC-approved swap execution facilities in the UK, Sefs could face significant delays before they can legally operate in other non-US jurisdictions
SG CIB’s Escoffier takes the reins at Newedge
David Escoffier has been appointed chief executive of Newedge as Société Générale negotiates with Crédit Agricole to take full control of the firm
Faith in dollar resilience puts TMS Brokers on top
Polish broker tops this week's one-month forecasts table after accurately predicting the dollar would regain its strength against the majors
Dialogue needed on Sef confirmations - GFXD
Following a further CFTC extension for Sef confirmation requirements until November 29, the global FX division stresses the need for dialogue and co-operation with regulators over the next month if the deadline is to be met
BNP Paribas loses e-FX strategy chief
Martin Zinkin departs the French bank after little more than a year
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
EBS volumes fall to another record low in October
Continued low volatility in the FX market has pushed EBS volumes lower in October, as participants struggle to see an end to depressed market activity
BBH's new sales head taps into the European buy side
Having recently relocated from Hong Kong back to London, Brown Brothers Harriman's Chris Gothard is now responsible for FX sales and relationship management in Europe. He talks to Robert Mackenzie Smith
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of FX benchmarks
Barclays hires head of Ficc research for Asia-Pacific
David Fernandez ends a 15-year career at JP Morgan to join Barclays in Singapore as it continues to expand its Ficc offering
Americas FX sales head exits Goldman Sachs
Alain Marcus has left Goldman Sachs after four years at the firm in New York
FX benchmark probes leave buy side unconcerned
Currency managers remain comfortable using FX benchmarks despite widespread investigations into the practice, with some questioning how benchmarks could be manipulated
City Index tops table with bullish sterling view
New to the FX Week forecasts index, City Index has topped this week's one-month table for the first time thanks to a correct call on sterling strength
Traiana hires ex-Morgan Stanley prime brokerage exec
Simon Poole joined Traiana on Monday after leaving Morgan Stanley's FX prime-brokerage business earlier this year
FXCM aims for 50:50 split between institutional and retail FX
The forex broker's push into the institutional market has accelerated with recent deals and chief executive Drew Niv eyes further growth to achieve targets
Internalisation to blame for EBS volume decline
Low volatility in major currency pairs has created an environment in which many banks prefer to internalise trades rather than trading on anonymous platforms such as EBS
CBA appoints spot FX trader in London
Industry veteran Andre Katz joins from Bank of America Merrill Lynch
FX indexes head exits HSBC
Tamas Korchmaros leaves the industry after 13 years in FX
StanChart hires Wintersgill in FX sales
Graham Wintersgill and Mark Webster together again, this time at Standard Chartered
BBVA hires Mark Warms to head US FX sales
Former FXall salesman Mark Warms takes charge of FX sales for BBVA Compass in Houston, Texas