News
Mitchell leaves Goldman
Matt Mitchell worked at the New York office of the US bank for 15 years as an FX options trader
Osborne starts as Scotiabank's chief FX strategist
After spending nine years at TD Securities, Toronto-based Shaun Osborne reports to Camilla Sutton at Scotiabank
LCH.Clearnet confirms 2016 for OTC FX options
The company is set to launch the service as the lowering of margin requirements will make clearing a cheaper option
Global Prime Partners gets green light in Hong Kong
The firm will provide execution and prime brokerage services to Asia-based fund managers and professional traders
ADS Securities launches Hong Kong retail offering
Clients in Hong Kong will gain access to more than 60 currency pairs on trading platform Orex
IG opens office in Dubai
With the opening of a new office in Dubai, the retail broker makes its first foray into the Middle East
EBS BrokerTec draws fire for unbundling and hiking fees
Banks object to the decision by Icap’s EBS BrokerTec electronic FX and fixed-income platform to unbundle its EBS Live data feed and EBS Ticker Service data licence product from October 1, while introducing an inflation-related 3% rise for the latter
Banks unite to explore blockchain
Nine global banks commit to researching shared and distributed ledger technology, led by financial innovation firm R3
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services
Rendon joins Credit Agricole CIB
Steve Rendon, former head of G10 vanilla options at HSBC, takes up the new role after four months of redundancy
Gain appoints Rose as CFO
Nigel Rose leaves City Index to become chief financial officer and executive vice-president at Gain Capital Holdings
China opens FX interbank market to central banks
The People's Bank of China says foreign central banks will be allowed to trade a range of derivatives products, including forwards, swaps and options
CFH Clearing adds BNP Paribas as prime broker
It is the second PB relationship instigated by the prime-of-prime provider this year
Icap becomes a strategic investor in Abide Financial
The partnership will help the post-trade services provider to scale the business at a faster rate
Connectivity biggest roadblock to e-FX in Asia
Connectivity and infrastructure are the biggest hurdles to developing Asia's e-FX market, but culture also plays a big role, panellists say at the 11th annual FX Week Asia conference in Singapore
Renminbi volatility set to continue
Panellists at the 11th FX Week Asia conference in Singapore discuss the implications of China's exchange rate moves
KCG launches direct-to-client market-making service Acknowledge
KCG will publish Acknowledge execution protocols on its website for all asset classes, marking the first time a single-broker liquidity provider has provided this level of transparency
Difficult liquidity conditions are here to stay, say Asia conference panellists
Gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks pull back from market-making in non-core currencies, panellists warn
Bloomberg and Traiana to streamline FX options process
The two companies will develop a straight-through post-trade processing solution for FX options
BNY Mellon expands global payment infrastructure
Clients can use account balances in one currency to instruct payments in other currencies
FXCM fined $843,000 by CFTC
The CFTC says FXCM failed to report fraudulent activities of FX pool Revelation Forex Fund
Former Citi trader names names in court
Perry Stimpson, dismissed in 2014 for serious breach of contract, told an employment tribunal that improper conduct was widespread within Citi's foreign exchange activities
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS market committee chair Guy Debelle says work on the new global code of conduct will focus on plugging the gaps in the existing codes
FX Bridge’s Best joins EBS BrokerTec as head of FX options
FX Bridge CEO is joining EBS BrokerTec in New York as head of FX options, following a software licensing