News
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
Kar heads to Morgan Stanley in Hong Kong
He joins the US bank at the end of the month
Gerry Harvey becomes new FMSB chief executive
Harvey becomes the first head of the independent body created to raise standards in Ficc markets
Former Barclays chief joins Currencies Direct as non-exec chairman
Antony Jenkins becomes group chairman of non-bank payments and foreign exchange provider
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
Bank of England cuts rates and expands QE
UK central bank cuts borrowing costs, expands quantitative easing and announces £100bn funding for lending scheme
ADS loses chief market strategist
Nour Eldeen Mufeed Kh. Al Hammoury will set up independently
Platform volumes dip in July, but grow year-on-year
ADV inch lower for institutional FX venues after a Brexit-boosted June, but there is still growth, compared with 2015
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
FlexTrade opens Frankfurt office
Brexit and the firm's strategy of establishing a local presence motivates the decision
FlexTrade's Brown heads to TradingScreen
Jessica Brown will be tasked with growing the firm's FX client base in the Americas
DTCC appoints new member to board of directors
Lisa Pollina, former vice-chair of RBC Capital Markets, joins the audit, finance/capital and risk committees
Traiana hires Choudhury to boost product team
Basu Choudhury, former head of product at LCH's ForexClear, moves to post-trade provider
Mortimer joins MahiFX in newly created role
Nick Mortimer leaves his post as head of prime brokerage and clearing at CFH
smartTrade hires two in sales
Michael Wee becomes a sales director for Asia-Pacific in Singapore, while Jena Axelrod joins the team in New York
XTX makes another hire in Singapore
Ted Yang joins from rival liquidity provider Tower Research as head of Asian business development
FXTM expands to South Africa after regulatory approval
Cyprus-based retail broker sees potential for new customers
GTX recruits Reichel in institutional sales
Thomas Reichel joins from Bats Hotspot and brings more than 20 years' experience to his new role
Thomson Reuters joins R3 consortium
The news and information provider joins distributed ledger technology lab
Shumpert to head BrokerTec Direct Americas
Key to Nicole's new role will be the rollout of the venue's new fixed-income service