News
Use of renminbi for payments drops in 2016
Swift blames the slowing economy, a more volatile currency and capital restrictions
Citi axes second Asia-Pac clearing head in 18 months
Instability at the top, despite a market-leading franchise
FX volumes generally up in October and Singapore shines
Semi-annual central bank surveys of FX markets show growth overall in four out of five centres
MS and Citi agree to pay $6m in FX fines to SEC
The two firms allegedly failed to make adequate disclosures, leading to significant losses for investors
Comment period prolonged for algo rule proposal
CFTC recognises "the number of questions within" its Regulation Automated Trading suggestion
Obituary: Edgewater's Jeff Crowne
The FX institutional sales veteran passed away shortly after being diagnosed with cancer
CLS launches two new membership categories
Non-shareholder members will pay a fee to gain equal rights and access to the system as CLS shareholders
Obituary: Jefferies' David Hitchins
Head of FX trading for Emea passes away suddenly
Code of conduct unlikely to standardise execution policies
Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say
CLS signs MoU with Chinese think-tank
The FX utility will work with the National Institution for Financial Development to support the renminbi's internationalisation
TradingScreen hires McGrath for FX sales
He spent almost nine years at 360T as sales manager for the UK and Ireland
Plunkett to become TP Icap's chief operating officer
He has held senior roles at Barclays and UBS
ADS Securities appoints non-executive director
Christopher Hansen joins the board of ADS Securities London Limited
Bonuses set to disappoint as headwinds persist
Those who still get bonuses can expect non-cash payments with clawbacks
BestX signs JP Morgan and HSBC as TCA clients
FX analytics firm partners two major dealers for third-party transaction cost analysis
BlackRock settles whistleblowing charges with SEC
The firm used a special clause in its separation agreements whereby staff waived their right to whistleblowing awards
Ficc revenues rise for US banks in 2016
However, fourth-quarter earnings fall for most
Mizuho opts for Thomson Reuters' FX Trading platform
The Japanese bank is the latest financial institution in Asia to adopt the venue
Mash, Spillman and Calloud join TJM's FX sales team
Mash and Spillman have worked together in FX sales at other firms for more than a decade
Credit Suisse FX trading team: Yip out, Wang in
Both FX options traders are based in Singapore
ADS Securities' head of institutional sales for Mena exits
Hormoz Amirfaryar has left the Abu Dhabi-based broker after more than five years
Non-banks to get dark pool for inventory exchange
Competition could heat up for banks, but may cue tighter prices
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
Compression start-up LMRKTS secures investment
Founded in 2012, the fintech firm recently reached the trillion-dollar mark of gross notional reduction