Articles by Robert Mackenzie Smith
Circuit breakers divide opinion in FX
The ability to successfully implement exchange-style trading breaks in the event of a big market move might be hard to achieve
BAML promotes Tonkin to head of FXPB
The US bank consolidates futures, options, OTC clearing and FX prime brokerage into one role
Currenex loses global head of sales
Twenty-year FX market veteran leaves the platform after 12 years
NFA renews call for exchange-traded retail FX
President and chief executive Daniel Roth talks to FX Focus about the fallout from the Swiss franc saga, which hurt retail FX brokers
US regulator renews call for exchange trading
Exchange trading for retail FX would be positive, the NFA's Roth tells FX Focus
Saxo Bank wins with long-term dollar call
FX strategy head John Hardy is unsure how long parity will last in EUR/USD and says the UK election risk has already been priced in
Standard Chartered brings in e-FX sales head
The bank appoints an experienced salesperson in New York
Toronto becomes first RMB hub in Americas
Canada is the eighth country to do a currency trading deal with China as the renminbi's internationalisation gathers pace
FXCM to sell Japanese business for $62m
Broker progresses with paying down its $300 million loan from Leucadia, aiming to wipe out the debt by the year end
Commerzbank global head of FX spot resigns
The 30-year FX veteran is set to join a US bank
BNY Mellon fined $714 million in FX case
The US bank has settled a three-year legal battle over defrauding its customers in how it handled currency transactions
Stelrox Capital Management appoints CFO
The firm hires financial markets veteran Richard Garlick
Paul Buckley exits FastMatch
FX veteran leaves FastMatch, having joined in January 2014
FX market reprieve as margin implementation delayed
Large FX institutions gain as BCBS-Iosco delay the starting gun for variation margin until 2016, following industry pushback
Citi chases $25 million in Swiss franc lawsuit
US bank files lawsuit against prime brokerage client over events stemming from the Swiss franc's surge in value
Deutsche MD departs in New York
FX veteran Daniel Swasbrook exits the German bank
Saxo Bank doubles profits in 2014
Benefitting from a strong pick-up in trading volumes in the second half of 2014, the Danish bank says it can swallow a maximum loss of DKK 700 million following the Swiss franc debacle
BAML's Bae takes leave of absence
Former Goldman Sachs trader takes a break from the market
New role for Goodbody at Hotspot
He becomes global head while the exchange confirms all Hotspot staff will stay
Banks could face fines of $4bn from US DoJ
The fines being hammered out would nearly double the total already paid to regulators during the currency probe
UBS pays $135 million in FX benchmark case
The Swiss bank is the latest to settle civil litigation in the US over the manipulation of FX benchmarks
EU benchmark reform beset by delays
The EU parliament is still set to go it alone as it attempts to regulate those administrators responsible for critical financial benchmarks
DoJ and anti-trust lawyers compromise over FX lawsuit
The US regulator restricts the finer details of its evidence against banks, but allows counsel to continue its civil case
RJ O’Brien snaps up The Kyte Group
The wholesale broker strengthens its European business as GFI Group offloads one of its subsidiaries following sale to BGC