News
Cardon hired for currency portfolio at Russell Investments
Elise Cardon's appointment helps Russell to respond to investors’ increasing interest in strategies to lower the impact of unwanted currency exposure
China eases cross-border cash-pooling restrictions
Beijing increases the amount that international firms are allowed to pool in the Shanghai free-trade zone five-fold, making it easier for them to circumvent capital controls and manage liquidity
FXecosystem launches visual monitoring tool
The new product allows users to monitor network and market data flows in real time
Seabury names Chan as FXone's interim chief
Margaret Chan replaces Rosario Ingargiola temporarily, while Seabury makes other hires to boost its footprint in e-FX execution and liquidity management solutions for institutional FX trading
FastMatch offers one-to-one trading for $1 per million
The platform extends its FX offering to direct trading
Customers consider suing banks in FX manipulation
Customers who took large positions are beginning to wonder if they lost out during the rigging and are exploring the potential for redress. The legal woes for financial institutions are far from over
ParFX adds offshore renminbi
The wholesale electronic platform boosts its currency offering with the addition of the offshore renminbi
Hastie joins Clutch Group
Former FCA enforcement investigator Charles Hastie becomes regulatory head at the legal and compliance services provider in London
Hotspot targets Europe and Asia with London FX matching engine
Hotspot’s new engine gains $1.2 billion single-count trading volumes in its first full week
Saxo's Christensen steps down as co-CEO
After 20 years at the bank's helm, Lars Seier Christensen takes a step back, but will remain a significant shareholder
Saxo opens up trading infrastructure
Third parties will gain access through OpenAPI, which covers the entire trading life cycle
R5FX names new board members
All three bring extensive experience in financial and emerging markets to the firm
Industry expecting Mifid II delay
September 24 deadline is likely to be missed, banks and lobbyists fear
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