News
Scotiabank joins board of GFMA global FX division
GFXD also appoints JP Morgan's Claudia Jury and Nomura's Nigel Khakoo as chair and vice-chair
Bjurgert leaves Virtu
Bo Bjurgert's exit comes shortly after the departure of John Shay
Wilson joins Exegy's senior sales team
Scott Wilson will target electronic currency markets as the firm places greater focus on FX
FXecosystem adds SG1 as it expands into Asia
This reinforces the firm's colocation connectivity network, which already includes LD4 and NY4
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
Citi warns of all-time cable low
Following a move of nearly 10% in GBP/USD, technical analysts say a test of an all-time low cannot be written off
Modifications sought in Johnson's release
Attorneys still working to get Mark Johnson's wife as a signatory on the $1m bond agreed for his release in July
GFT hires Collins to head financial services
David Collins joins from Sapient, where he was involved in reshaping the UK consulting division
OCC suspends Johnson from markets
He pleaded not guilty to alleged felony charges in August, but OCC says the charges involve dishonesty and breach of trust
Kendrick heads to Standard Chartered
He joins the UK bank from Morgan Stanley
Rae heads to Barclays
He joins the UK bank from Goldman Sachs
Alpha FX appoints Kidd as CFO
Icap's former Emea CFO joins the UK corporate FX brokerage
Benda swaps Deutsche for Nomura
John Benda will focus on FX sales to Israel and the UK
China’s FX reform hit treasurers the most – JP Morgan survey
Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
Schirm swaps Commerzbank for Barracuda
He leaves the German bank for the Ireland-based management software provider
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
FCA proposes standardised transaction cost measurement
It proposes placing a duty on asset managers to disclose aggregate transaction costs to investing pension schemes
Burt and Jerrom join BGC Partners from RJ O'Brien
They take on new roles after working as brokers for three months in listed FX futures at RJ O'Brien
Lack of regulatory clarity on key issues hampers preparation
Despite booming business, technology vendors find clients struggle to say what they need to comply with coming rules
Berntsen replaces Rojas as Americas CEO at StanChart
As Rojas moves on, Berntsen will also head up corporate and institutional banking for the Americas
Automated payment systems in high demand for UK businesses
Afex survey shows 44% of UK companies expect to increase global payments
Dahlström, SEB's global head of FX spot exits
Markus Dahlström leaves the Swedish bank after 15 years, two of which he spent at the helm of spot trading
ADS Securities to pull back from London, Watson resigns
ADS Securities London will become regional base, redundancies on the cards