News
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'
China's premier says renminbi at ‘equilibrium’
Li Keqiang plays down the risk of further renminbi depreciation, vowing it will be ‘kept basically stable' at the prevailing rate in a move that may offer relief to hard-hit emerging market currencies
Markit to acquire DealHub
The acquisition will enable Markit to offer customers a comprehensive FX solution
Asian currencies reach multi-year lows
Ringgit and rupiah worst hit as China stock plunge reverberates through FX markets; worst day since ‘taper tantrum', says strategist
LCFX rebrands as Spectra, makes four hires
FX options agency specialist Louis Capital FX changes name to Spectra FX Solutions
Four ex-traders sue Citi
Traders dismissed as part of the global investigation into FX have filed an unfair dismissal claim
Equinix expands in Singapore
As Equinix expands its newest data centre in Singapore, the business of matching FX trades rests with the major centres in Tokyo, London and New York
Greece braces for snap election in September
Impact on FX market yet to come, analysts say
FX lawsuits to hit London in October
A change in the law allows for similar class action cases to those in the US
Deutsche rejigs Fic division
Arinc will continue to lead foreign exchange
Divanlıoğlu joins Saxo in Turkey
Divanlıoğlu is leaving X-Trade Brokers to head Saxo Bank's operations in Turkey
HSBC's Venkataraman steps into global FX options role
While Selene Chong takes a sabbatical after 14 years at the bank
Corporates face paper losses from renminbi slide
An intervention by China's central bank causes unrealised corporate hedging losses
New Zealand firms raise FX hedging amid elevated uncertainty
Survey shows an increase of more than 10% in FX forwards usage while micro-businesses are establishing hedging policies for the first time
EM nations react to Chinese renminbi move
Reference rate of dollar-pegged VND lowered and trading band widened as the central bank seeks to defend reserves amid fallout from CNY devaluation
IMF freezes SDR, but will still decide on renminbi this year
Decision comes a week after historic yuan devaluation
Individuals to come under fire in FX cases within a year
The outcome of the first Libor trial will have significant influence on FX investigations against individuals
TR Matching launches half-pip pricing in EUR/USD
And slashes data update frequencies to 100 milliseconds
China pauses renminbi devaluation
Move signals short-term rate is stabilising, but analysts warn the risk-off environment prompted by Tuesday's shock announcement could cause sell-off to escalate
Provenzano and Mellone join GTX sales team
Reporting directly to global head of sales John Miesner