Articles by Robert Mackenzie Smith
FXCM issues not a US problem, says Massad
The US regulator points the finger of blame at affiliates outside US jurisdiction for making the retail broker's Swiss franc losses worse than they could have been
From painting houses to Broadridge buyout
The Davis brothers talk to FX Week about the future, following the sale of their company to financial technology provider Broadridge
CME hires Fix to develop benchmark products
The Chicago-headquartered exchange has moved to expand its presence in Asia by hiring DME's chief executive
Buy side seeks alternative ways of handling large orders
Due to the unwillingness of banks to handle larger buy-side orders and the changing structure of the WM/Reuters benchmark
FX fines could exceed $7.5 billion
Fines from regulators, as well as civil litigation in the US and events since January 15, are taking their toll on the FX industry
Nasdaq eyes rolling spot to capture FX share
The US firm is the latest exchange to move into FX as it targets customers who do not take physical currency delivery
BBVA's US head of FX sales and trading exits
BBVA loses a senior managing director in New York
Tullett Prebon reveals staff cuts for 2014
The broker made the changes to ensure cost savings
Carrington and Shey exit RBS amid restructuring
Co-heads of currencies and emerging markets set to leave UK bank, along with global head of trading
FastMatch to waive non-last look fees in 2015
The spot FX platform wants 60% of its liquidity to be non-last look and is offering brokerage-free access until the year end
RBS suspends two more in FX
The bank has moved to suspend two senior employees in London
FEMR responses show split on last look debate
Market participants are split on how and if last look practices should be regulated
Spreads widen as liquidity worsens in FX
Executing large orders can be as much as 25–30% more expensive as banks pull out of risk warehousing
Crédit Agricole hires senior FX options trader
FX options veteran moves to the French bank in New York
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Credit Suisse appoints head of e-commerce
The Swiss bank strengthens its e-commerce business in New York
Concannon becomes chief executive of Bats
Joe Ratterman moves to chairman of the board as Paul Atkins departs
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today
Senior FX staff face risk of redundancy at Societe Generale
Stephane Malrait, Leon Brown, Robert Gomprecht and Paolo Sorio are all at risk of redundancy as SocGen reviews its FX business
Lloyds hires FX sales director
FX corporate salesperson swaps Citi for Lloyds Bank in London
StanChart adds NDF trader in New York
The bank's newly appointed NDF trader reports to Eric Darwell
G10 FX revenue sinks 45% since 2009, says report
Coalition's research, compiled from 10 major banks, shows Ficc revenues and headcount down year-on-year as firms struggle to turn the tide
Barclays warns of possible Barx disruption on Grexit
Bank warns clients to expect highly illiquid conditions, wide spreads and delays with orders on Monday
Commerzbank head of e-Fic sales departs
FX veteran leaves the German bank after nine years