News
Cavenagh appointed head of EM Asia FX strategy at JP Morgan
Cavenagh will be formulating thematic research and investment recommendations for EM Asia currencies
Wood joins BCS Global Markets as director
Wood will be building strong ties with high-frequency traders, proprietary trading firms and hedge funds accounts in the UK, Europe and US
Pragma selects smartTrade's LiquidityFX platform
The deal brings FX liquidity aggregation from a wide range of providers to Pragma's customers
ADS Securities taps Lee for Asia-Pacific
Francis Lee will oversee the group's strategic development and business operations across the region
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
LMAX is the UK's sixth fastest-growing tech company
For the third year in a row, the platform features on the Sunday Times' Tech Track 100 table
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
X Markets Trading will be synonymous with quality, says CEO
The flow-handling and technology company comes up with solutions to meet the risk-warehousing and technology needs of banks
TraderMade launches price-verification tool
The independent price-checking tool is aimed at buy- and sell-side market participants
Trading volumes surge in August
FX trading platforms see rising volumes in August as the return of volatility spurs activity
Currenex launches London matching engine
Currenex's rollout will be followed by rival Hotspot's London-based matching engine kick-off
Draghi stresses 'willingness to act' as ECB cuts inflation forecasts
The governing council holds policy as European Central Bank staff cut their inflation targets over the forecast horizon; Mario Draghi stresses quantitative easing could run beyond September 2016 if necessary
Peaking reserves herald bad news for EUR/USD
Declining global reserves will push EUR/USD lower, but the dollar should benefit from the switch in reserve manager behaviour
More surveillance needed to cut conduct risk, says Greenwich
Shifts in the way regulators view dealer-client relationships are increasing the risk of conduct penalties
Beecroft sets up consultancy after leaving Saxo
Nick Beecroft, former head of FX at Citi and Deutsche Bank, sets up consultancy firm HP Economics
China FX forwards move prompts questions over government motives
Reports that China will require banks trading FX forwards to deposit USD with the PBoC spark debate over whether the move is structural or an emergency measure to halt outflows
Currency funds back in the black in July
FX funds returned to profit in July as the Fed's upbeat outlook sparked speculation of a rate hike this year
Bridges starts as Icap's group finance director
Hiscox's CFO leaves the company after 16 years to take up a new role at Icap
CLS appoints Americas head of relationship management
Joe Ziccarelli leaves his role at Jefferies in New York to become head of relationship management for the Americas at CLS
Amrolia to join XTX as co-chief executive
Zar Amrolia announces his resignation from Deutsche Bank and plans to join Alex Gerko at XTX Markets
The euro: safe haven at last?
The euro has strengthened to its highest level since January, undermining the ECB's weak euro strategy and sparking a debate among FX strategists on whether the common currency should be considered a safe haven
Credit Suisse reinforces FX trading team
The Swiss bank makes two new appointments in London and one in New York
Malaysia and Thailand ink 'milestone' settlement deal
Asean economies aim to settle more trade and investment in local currencies. The initiative will reduce ‘exposure to volatility of global settlement currencies' and business costs
PBoC sets daily renminbi fix at four-year low
The Central bank's move comes two days after China's premier said the currency was at an ‘equilibrium'; one analyst expects ‘more depreciation down the road'