News
Ireland proposes ban on CFD trading
Central Bank of Ireland's consultation paper addresses concerns about retail clients losing money on high-risk products
BoE deputy governor failed to declare conflict of interest
Charlotte Hogg apologises for breaking the central bank's code of conduct after failing to disclose her brother's role at Barclays
Pragma announces LD6 expansion
The move enables the algo technology provider to improve services to its expanding client base
Tim Power trades Deutsche Bank for Morgan Stanley
The FX options trader headed Deutsche’s G10 flow options
Credit Suisse creates centralised global FX options business
Matt Mitchell will lead the unit; the bank merges its Zurich and global options e-commerce business under Francesco Schiavo
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
TradingScreen opens Frankfurt office ahead of Brexit
The firm aims to increase its European business and cater for existing clients by transferring operations to the continent
BNY Mellon appoints Dan Watkins as Emea head of markets
London-based Watkins starts at the end of March, replacing Richard Gill
Mercer: Global Code is a great PR stunt; legitimises front-running
LMAX Exchange chief says the Global Code of Conduct is legitimising last look and pre-hedging, and its authors are misrepresenting the nature of discussions in the MPG
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators
Ficc revenues break downward trend in 2016
All US banks saw revenues grow, but results for European banks were mixed
OTC Exchange appoints Rasmussen to CTO role
Drew Rasmussen will oversee all technological design and development
Tullett Prebon Information signs partnership with Murex
The market data vending arm of TPI will distribute data sets to clients of Murex, which will use them to validate its models
Renminbi's share of global payments slides
China's currency holds sixth place globally, but its overall share continues to shrink, Swift says
CloudMargin joins SmartDX for variation margin solution
Market participants gain a product that will help speed up their repapering agreements
Simon Jones joins 360T
He will lead the trading platform's product growth efforts and sit on the global executive board
Imperial FX secures investment
A £50 million injection from a European company will enable the money transfer firm to launch its online platform
Singh to lead Sucden's push into prime
Softs broker Sucden looks to build out its institutional credit intermediation service
Rivelli joins HSBC
He will run the bank's FX options correlation book
TradingScreen makes two hires to boost e-FX sales
Thomas Mullooly is to be based in New York while Norliza Kamardin works in Singapore
Tradition and LMRKTS deliver initial margin optimisation
The two firms conducted a live run, resulting in the processing of 132 sides of trades within eight minutes, nine seconds
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Regulation doesn't get you to a better place than principles
Despite scepticism about the efficacy of the GCC, panellists say regulation is just as hard to interpret and can have unintended consequences
Counterparty diversification held back by banks, panellist says
PGGM investment manager says pleas to add NBLPs to the counterparty mix are ignored by banks and platforms