News
Tullett Prebon names Shelley global head of corporate affairs
Rebecca Shelley was previously group corporate affairs director for Tesco
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
CFTC charges and monitors Deutsche over swaps violations
Agency says incomplete, inaccurate data affects what is made publicly available and the data it uses to gauge systemic risk
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
UBS reshuffles EMFX options trading team
Swiss bank trims London team, relocating one trader to Singapore
Cobalt enters beta-testing phase with DL platform
Post-trade venue expected to go live in 2017, with eight institutions already signed up
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Regulators fail to address key issues in FX, participants say
While they see some positives they believe there's still oo many practices open to abuse
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
ADS hires Kwok to bolster prime-of-prime team
Louisa Kwok joins from BNP Paribas
Waters leaves transactional FX role at HSBC
Betsy Waters was head of transactional FX, Americas
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
Pena joins Morgan Stanley in London
Andrew Pena leaves Goldman Sachs after 17 years to head real money and hedge fund FX sales for Emea
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Barclays trims eFX sales team
Top management of merged execution and eFX sales made redundant