News
Cartledge "very much at his desk" at EBS, sources say
Rumours of Cartledge's departure prove false, source say
XTX Markets provides liquidity on TraderTools
The move comes within weeks of the firm going live on 360T
Former Citi trader wins unfair dismissal case
Perry Stimpson, dismissed in 2014 for serious breach of contract, has won his case against Citi
Regulators fine Barclays $150m over last look
Barclays has been ordered to remove an unnamed global head of electronic trading for FX
Lagarde supports RMB inclusion in SDR basket
IMF managing director endorses the renminbi's inclusion in the special drawing rights basket after a staff report deems it 'freely usable'; executive board decision expected on November 30
GreySpark Partners opens New York office
Following openings in Edinburgh, Sidney and Hong Kong, the financial consultancy expands to the US
EM platform R5FX goes live with Indian rupee
The rupee becomes the fourth emerging market currency to launch on the trading platform
CLS starts settling Hungarian forint payments
After two years of preparation and testing, the forint joins the CLS universe
Rajan becomes vice-chairman of BIS board
Raghuram Rajan will serve for a period of three years
Nembrini exits LCG
London Capital Group's head of institutional sales and trading leaves after one year in the job
Worries mount over year-end liquidity conditions
With only six trading days between the Fed's last rate meeting and the holiday period, market participants are being warned to prepare for a rocky year end
USD/CNH enters top-five traded pairs on ParFX
The offshore renminbi experiences exceptionally strong growth in September
Saxo rolls out trading platform to white-label clients
SaxoTraderGO is now available for institutional clients, after its launch in May
Conte understood to be leaving 360T Americas
Dan Conte served as sole chief executive from 2012 and co-chief since February this year
NY bank regulators outline cyber-security plans
High-profile hacking at financial institutions and tough action from lawmakers have provided a boost to a new cyber-security proposal that aims to bolster banks' defences against internet gangsters
FirstRand joins CLS
The South African bank joins the currency settlement utility, raising its membership to 64
CFTC's Massad commits to aggressive enforcement
Over the past two fiscal years, more than $4.6 billion in penalties have been imposed in 15 actions against banks and brokers to address benchmark misconduct
Tullett Prebon bets on OTC broking with Icap buy
Icap sells its global hybrid broking business to rival Tullett Prebon amid difficult market conditions
Abide Financial applies to become trade repository
The transaction-reporting firm may become the third-largest repository by volume; it also launches an accelerated Mifid II/Mifir compliance programme from January 2017
China launches direct trading between RMB/CHF
Swiss franc becomes the seventh currency to trade directly against the renminbi; HSBC gains approval to become a market-maker in the pair when it launches
TPP countries strike ‘unprecedented' deal against currency manipulation
The 12 member states of the Pacific free-trade deal sign a declaration vowing comprehensive disclosure of FX data; members will have to abide by rules against competitive devaluation
Thomson Reuters integrates FX under single umbrella
Thomson Reuters is bringing all its pre-trade tools, trading venues and post-trade capabilities under FX Trading
Non-bank market-makers look to build customer franchises
Alternative market-makers aim to fill liquidity space left by reduced bank capital and move to connect with customers directly
Sell side's appetite for intelligence tools increases
As compliance inches to the fore, more large banks are reaching out to providers of cognitive learning tools