News
JP Morgan signs with BestX to offer third-party TCA
The bank's clients will be able to access BestX post-trade transaction cost analysis in real time at no extra cost
SG appoints Tom Gillie as global head of FX options and spot G10 trading
He joins from Bank of America Merrill Lynch, where he was global head of FX trading and head of equity trading for Emea
Banks seek to standardise cross-currency settlement dates
Talks under way to exchange principal amounts on IMM dates to allow for greater netting
FastMatch snatches Beacroft from Hotspot in Asia
Beacroft helped to build Hotspot's business in the region
Integral wins appeal against EBS's Tolat
The case is now remanded to the district court, where Tolat will face a second trial
Ex-Citi trader pleads guilty in price-fixing conspiracy
Between January 2007 and July 2013, Christopher Cummins, a former Citigroup trader in New York, conspired to suppress and eliminate competition in Ceemea currencies
BIS finds sterling crash was due to 'confluence of factors'
October 7 sterling flash crash in 2016 down to illiquid conditions, less experienced traders and loss of public data from venues
Nex Data signs distribution partnership with Tradition
Nex Data will source real-time and end-of-day prices from Tradition's global electronic, hybrid and voice-broking operations
Thorsson appointed global head of FX at Swedbank
Stockholm-based Thorsson joined the bank in 1999, and was most recently head of FX
FX platforms finish 2016 on a flat note versus the year before
Despite spikes in June and November, over-the-counter FX trading was subdued
Yorke is global head of 'not being stuck in the office'
He was global head of FX forwards at SEB
Narasimha replaces Eger as Oanda's chief
Eger will assist with the transition of Narasimha, whom he has mentored over the years
OCC fines Usher and Ramchandani $5m each in ‘Cartel' probe
Former traders indicted by the DoJ for the same offences
Linker swaps Thomson Reuters for 360T
As well as expanding 360T's existing business and products, he will drive the launch and adoption of its Clob and ECN initiative
Hernandez leaves BMO
Head of FX sales to hedge funds departs
US indicts three in FX probe
Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines
China’s FX reserves fall again in December, but decline slows
Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth consecutive month of decline
Rowsell joins BGC Partners as head of credit strategy
Arran Rowsell will be based in London, reporting to Tony Warner
FX weighs on banks' trading revenues in Q3 2016
OCC report finds a fall in FX and interest rates lowered banks' trading revenues, but they still performed better than in 2015
FastMatch tweaks fees to discourage use of last look
Platform continues push to eliminate last look trading and plans to introduce a dark pool where clients can exchange inventory
Madera appointed special Asia adviser to City of London
Beijing-based Madera will promote London as a leading financial and business hub in Asia
Plansky appointed head of State Street Global Exchange
Boston-based Plansky joins from PricewaterhouseCoopers and will report to executive vice-president Lou Maiuri
Renminbi options to debut on Hong Kong Exchange
HKEx expands range of currency products following doubling of futures contracts traded in 2016
Massad to step down as CFTC chairman
He is set to leave on the day of Donald Trump's inauguration