News
Barclays halts taking stop-loss orders during UK referendum
The bank takes unprecedented step as it navigates disruptive market conditions
US regulators favour September margin deadline
September 1 rollout threatens bilateral swap-trading chasm between EU and US
Pre-referendum G10 liquidity at its worst since SNB
Citi warns of highly illiquid market conditions as Britain goes to the polls
FX market braces for Brexit night
As Britons head to the voting booths to decide the future of the UK, all eyes are on sterling pairs
Integral launches client-to-client matching venue
Customers will be able to match off opposing interest on Integral's midpoint
Spencer joins Mirexa
Michael Spencer moves back to London after spending a year in Geneva
Dexeus hops over to Toronto Dominion
Former Credit Suisse FX sales director joins the Canadian bank in London
Marley heads to Western Union
John Marley is an FX and options veteran
Lew exits Deutsche
Kai Lew, director for FX institutional sales, is understood to have been made redundant
Benda leaves Deutsche
VP for corporate sales is understood to have left the bank last week
TJM hires two for sales team
Foreign exchange intermediary firm pulls talent from Jefferies and CIBC as it embarks on FX business diversification
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson
BNY Mellon settles FX case with SEC
US bank agrees to pay $30 million over alleged client overcharging for FX trading services
Silcock moves to ICBC
James Silcock heads to the Chinese bank after 10 years at BTMU
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
TradAir cuts issue diagnostic times by 90%
The technology provider has implemented a series of diagnostic tools provided by Elastic
Russell Investments expands execution platform
RFX is now connected to the private financial Charles River Network, which has more than 600 global liquidity venues
Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
XTX picks Abide Financial for transaction reporting
Non-bank market-maker chooses post-trade partner
Fauset joins COEX
He trades one hedge fund for another
Non-banks charge ahead, but HFTs see warning signs
New risk-warehousing models are outpacing non-bank players that rely on latency advantages
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
HKEX promotion aims to boost new contract uptake
EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures contracts went live on the exchange on May 30