News
Ex-Barclays trader pleads guilty in price-fixing conspiracy
Jason Katz, a former EMFX trader at Barclays and BNP Paribas, pleads guilty in New York
USD/CNY volatility rise expected after currency basket revamp
Emerging market currencies now make up a higher proportion of the basket used to calculate the renminbi index
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
CME to launch six monthly contracts for FX futures
The Chicago-based marketplace will offer contracts for AUD, GBP, CAD, EUR, JPY and EUR/GBP from February 27
Analytics, best execution and clearing to drive trends in 2017
Evaluation of liquidity is moving away from bank vs non-bank as clients gain more tools to assess execution behaviour
Divergence to drive dollar in 2017
Fiscal expansion and monetary policy tightening are likely to drive up the dollar in 2017
Australian regulator finds NAB and CBA culpable of inappropriate conduct in spot FX
Both banks will develop a programme to detect and prevent such conduct by its employees
Shah leaves BofAML to join Jefferies
Sachin joins the US bank's expanded FX trading team
Lagarde guilty of negligence, court rules
IMF chief found guilty of negligence, but escapes punishment
China launches direct trading between renminbi and seven other currencies
The currency pairs will be allowed to trade within a 5% band on any given trading day
Jenkins joins Blockchain's board
Barclays' former chief executive will serve as an independent director of the bitcoin wallet provider
Crosswell joins Cobalt
The former Nasdaq NLX chief executive will serve as a strategic adviser for the financial technology firm
Risk-sharing efficiency of FX may be tested, BIS says
Study of FX markets highlights risk concentration amid a handful of top banks and the growth of electronic relationship trading
EC signals staggered entry for Mifid II trading obligation
Rules for derivatives may take effect after January 2018 to allow for US equivalence deal
Integral adds Linedata's OMS to InvestorFX platform
The integration is expected to give Linedata's asset manager clients access to better netting and execution
Emerging markets in firing line as politics spur volatility
Monetary policy normalisation, fiscal stimulus and political populism will come to the fore in 2017
Regulators and the marketplace must keep talking
With new rules – from the BIS Global Code to Mifid II – set to go live, market participants' associations are urging calm
BBVA to lose Brown and Clarke
The two men joined the bank in 2011 and will leave at the end of this year
FMSB releases principles for FX surveillance, conduct training
The Ficc Market Standards Board outlines 10 core considerations for surveillance
Bloomberg launches executable NDF streaming
Standard Chartered is the first bank to provide streaming rates for the product
XTX joins Bats Europe as a member firm
The move is a continuation of the liquidity provider's push into equities and expansion on exchange
Alanis joins Edgewater Markets in Mexico City
Felipe leaves Banorte to head up e-trading solutions for the electronic FX aggregator
Poole set to join BNP Paribas in FXPB role
Simon will replace Kate Lowe, who left the French bank in September
Timmons promoted to Apac head of sales at EBS BrokerTec
Taking over the role from Simon Winn, who has left the company, Laurence will report to Iorio and Ward