Articles by Robert Mackenzie Smith
Challenger platforms face first real test as FX markets pick up
Numerous trading platforms have sprung up since 2011, bang in the middle of years of stagnating volumes. As volatility comes roaring back, they face a crucial year
FXCM's Niv blames banks for extreme Swiss move and losses
The January 15 drop in EUR/CHF was a 'global market function failure' as banks failed to provide prices, Niv says
Lloyds Bank boosts FX sales team
The British bank rehires Lucy Barton for its wealth and FX team
CFTC commissioner questions NDF mandate suitability
All eyes on US regulator after Esma puts clearing of non-deliverable forwards on hold
Citi hires senior FX head in New York
The US bank boosts its FX advisory service for corporates
114 jobs go from bankrupt Alpari UK
The FX retail broker has struggled to sell its assets since the appointment of KPMG as its administrator
Tudor portfolio manager joins Visium
Senior portfolio manager moves to Visium Asset Management after leaving Tudor Investment Corporation
Tension intensifies between banks and brokers as SNB fallout continues
Banks and FX retail brokers are at a stand-off as they fail to agree new terms on repricing trades in the wake of the EUR/CHF collapse on January 15
360T hires CEO for the Americas
The Frankfurt-based technology firm has expanded its sales operations in the US
Citi takes proactive stance on FX bonuses
Citi's FX traders will lose their cash bonuses if they are let go this year and are seen to have committed misconduct
Esma puts NDF clearing on hold
The European regulator takes a step back from proposing a clearing obligation for NDFs in the wake of market feedback
Eric Auld leaves BNP Paribas
The French bank looked internally to replace Eric Auld, appointing two experienced co-heads for sales and trading
Messinger to leave BNY Mellon this quarter
His move comes amid a merger of the bank's global markets group with its global collateral services and prime services groups
SNB fallout highlights danger of agency only models
Retail brokers with agency only models suffered steep losses following the SNB decision while principal brokers came out relatively unscathed
FxPro hires e-FX sales manager
15-year financial services veteran joins FxPro in London
Settlement hopes boosted by US court decision
Judge throws out banks' plea to dismiss FX class-action lawsuit, bolstering the likelihood of more settlements
Northern Trust Emea FX sales head exits
The Chicago-headquartered company loses its head of FX sales for Emea in London
Traiana's Solinger exits
The chief marketing officer ends his second stint at the post-trade service provider
FastMatch volumes drop amid FXCM's difficulties
Institutional clients have become wary of trading on FastMatch following FXCM's $300 million bailout by Leucadia earlier this month
Moscow Exchange to increase ruble tick size
Alteration follows a recommendation by the Russian exchange's FX market committee in November
October saw FX turnover reach new heights
UK foreign exchange volume rose from $2.4 trillion in April, while FX spot and options were the main winners across jurisdictions
Credit Agricole appoints head of G10 FX trading
FX veteran reports to Bryan Scarfone and Tony Botting in New York
Barclays attempted to cancel Swiss franc trades
EUR/CHF trades executed with Barclays are being negotiated between bank and buy-side counterparties after the British firm looked to cancel some FX trades following events on January 15
UBS appoints head of G10 FX strategy
UBS hires a senior FX strategist, reporting to Stephane Deo