Articles by Robert Mackenzie Smith
FCA warns of more fines if culture does not change – FX Week Europe
McDermott delivered a sobering address to FX Week Europe market participants
LMAX Exchange appoints head of US sales
LMAX has brought in former BAML e-FX sales director Tom Gould to build out its US franchise
Icap navigates turbulent spot market
Icap and EBS maintain their fine form by winning best broker for spot FX for the 14th time in a row
Deutsche Bank wins five awards in mixed year
Fabio Madar, global head of FX sales, explains how Deutsche managed to navigate the troubled waters of 2014 and continue its success in Europe
Thomson Reuters' strategy bags two awards
Thomson Reuters retains two of the awards it won last year as it looks to benefit from emerging regions such as Africa
BMO Capital Markets triumphs again in CAD
Bank of Montreal Capital Markets cements its position as the best bank for the Canadian dollar with its fourth win in a row
Citi head of European G-10 FX strategy exits
Citi's trading staff cuts in London claim the job of G-10 FX strategy head
Ex-Nomura spot trader joins Stone Milliner
FX spot trader is latest bank employee to leave for the buy side
Goldman Sachs dismisses FX trader
Former HSBC trader is the latest victim of FX probe
FCA clears path for BGC's takeover of GFI
BGC gives GFI shareholders until midnight to decide on its tender offer for the broker, following FCA regulatory clearance
Ruble liquidity split unsettles market
EBS and Thomson Reuters are among the hardest hit by a dearth of offshore liquidity as some market-makers pull back from the ruble
Caplin promotes Ashworth to chief executive
Paul Caplin steps down as chief executive, but remains on the board as John Ashworth takes over in London
Integral launches market-making service
FX vendor rolls out new service for banks and brokers to help them build out their own market-making businesses
Timeline for NDF clearing still pending, says Massad
No end in sight for a NDF clearing mandate as the CFTC seeks feedback from its Global Market Committee Meeting, held last month
Thirty firms placed under FX ‘remediation programme’
G-10 FX spot desks are placed under supervisory watch by the FCA as the industry tries to clean up its act
RBS redundancies claim four in FX
Four FX sales staff depart US branch of RBS
FX settlements strengthen civil law suit in US
Lawyers representing the plaintiff class in a civil lawsuit in New York have been encouraged by regulators' settlements with banks over their misconduct surrounding FX benchmarks
USD/JPY call pushes Nomura to top
Yen weakness helps Nomura to climb the three-month rankings as the Bank of Japan and the Fed take differing monetary approaches
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
BATS Global Markets looks to FX with Concannon hire
BATS Global Markets becomes the latest exchange to take the FX market more seriously as Concannon jumps on board
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
Moody's sees $14.5 billion FX fines for top banks
Moody's believes FX settlements could be close for major banks
Gain Capital to buy City Index
The purchase, expected to be completed in Q1 2015, will supplement Gain's GFT Markets buy from last year
TD Securities FX trader departs
FX market veteran exits the Canadian bank in London