News
Andrew Bailey to head the FCA
The new chief of the UK's Financial Conduct Authority will step into his new role in July
Samsung Securities gains third-party access to CLS
The securities company is the first non-bank financial institution to join CLS in South Korea
Declining spot sinks FX volumes in US
In October, average daily volumes were 26% lower than in the same month of 2014
SocGen hires O'Hara as PB sales director
Formerly of Credit Suisse, John O'Hara will be responsible for promoting Societe Generale's FX prime brokerage offering to hedge funds and institutional investors
Ruble slides to all-time low
The recent falls in oil prices have dragged the Russian currency with it
China's central bank explores digital currencies
The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies
Hong Kong peg to be tested by speculators, say analysts
The HK dollar hits its lowest level in nearly a decade, placing the peg ‘under fresh scrutiny' and prompting fears of possible attack
PBoC pumps $61bn into China's financial system
The cash injection comes ahead of the Lunar New Year, which usually sees an increase in demand for money
Nembrini joins Quantic Asset Management
London Capital Group's former head of institutional sales and trading joins the asset manager, focused on FX
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
Q4 Ficc revenues drop for US banks
Firms also experienced falling revenues last year, amid challenging conditions
R3 connects 11 banks via distributed ledger
The firms complete mock trades in a series of experiments that could determine blockchain's application in the finance industry
ITG names new board chairman and chief executive
Minder Chang becomes chairman while Frank Troise returns to assume the role of chief executive
Pearson leaves RBS
Head of FX exits the bank following sabbatical
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades
Glyptis joins Sapient Global Markets
The former head of BNY Mellon's Emea innovation centre joins Sapient as director
FlexTrade appoints two in sales
Glen Sargeant and Marek Lewandowski join the vendor as Emea sales managers
PBoC imposes reserve requirements on offshore deposits for first time
The new measure, designed to curb short-selling, shows the determination of China's central bank to stabilise the offshore market in the wake of recent gyrations
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January
Swiss franc uncapped, one year on
A year after the historic SNB move, the lesson has been learned: always expect the unexpected
BofAML becomes first non-resident clearing bank on Moscow Exchange
The US bank is due to begin clearing activities this month
FX trading volumes end 2015 on down note
While FX volumes were generally down, record trading numbers were achieved on exchanges
Akinal rejoins HSBC
Former HSBC emerging markets FX options trader returns to the bank
Holcombe leaves Nasdaq
David Holcombe, global head of FX product, exits the exchange