News
Ager joins Rosenthal Collins as institutional FX president
He was previously a senior director of New York FX sales and trading at RJ O’Brien
CLS appoints nine new directors to its board
The appointments raise the number of members on the board of directors to 23
LMAX Exchange reports record profits for 2016
FX platform posts EBITDA of £5.6 million, representing annual rise of £4.2 million
Nex Optimisation appoints Colin Murphy as CCO
Murphy joins from Goldman Sachs, where he worked for more than 18 years
Broadway Technology secures $42m for expansion
Long Ridge Equity Partners says Broadway well positioned to take advantage of rapidly evolving capital markets landscape
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
Pragma launches algo trading capability for NDFs
New set of products on Pragma360 expected to boost liquidity and best execution for emerging market currencies
Nex launches new JPY benchmark and teams up with FFAJ
Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan
Citizens Bank hires two in FX sales
Rose Noritake joins from JP Morgan, Bryan Morales from Deutsche Bank
Noble launches its first FX product
Noble FX provides real-time settlement and aims to solve the credit gap through peer-to-peer connectivity
Kristen Macleod exits Goldman Sachs
It is understood that she has joined Barclays
Bafin toughens rules on CFDs
New directive for August 10 requires implementation of negative balance protection for CFD products in Germany
Atak to lead Citi's innovation lab in Dublin
Gulru Atak headed treasury and trade solutions at Citi Turkey
QE unwind to take three to four years – Chicago Fed's Evans
The normalisation of the Fed's balance sheet would need to be conducted in manner that could be easily digested by markets, Evans said at the ACI Financial Markets Congress in Dublin
Celer Tech hires Rob Wing as head of Americas and Emea sales
Wing exits TradAir, where he was head of sales for three years
Tolat loses CTO role at EBS, becomes senior adviser
After four years in the role and three years as global head of products
China FX reserves rise for a third straight month
PBoC figures show increase of $20.4 billion, resulting in the third consecutive monthly reading above $3 trillion
Cobalt signs Citadel Securities and XTX, and gears up for go-live
Distributed ledger technology firm hires support staff, suggesting launch is approaching
Cobalt hires three and opens New York office
Darbari joins as COO and head of US operations, Light leads product, and Nelson heads solution delivery and support
MarkitServ sees tenfold hike in NDF clearing volumes
The firm is in a test environment with FX options and believes they are a candidate for Q4
BNY Mellon looks to re-enter FX prime brokerage, say sources
FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
360T launches ECN and announces new record volumes
Platform confirms launch of 360T ECN in April; hits all-time high on April 18 and sets record ADV
Pushack ditches JPM for Mandelzis
James Pushack has left JP Morgan's FXPB and clearing solutions sales team