News
US regulator fines take FX settlements to $11 billion
BAML, Barclays, Citi, JP Morgan, RBS and UBS have been fined by the DoJ and the Fed as the total amount settled more than doubles
FCMs kick off NDF clearing despite delays
Even with further setbacks to mandatory NDF clearing in the UK and US, Societe Generale senses opportunities for clients to clear now
Deutsche Börse to set up Europe's first multi-asset RMB platform
German exchange group signs joint-venture deal with CFFEX and Shanghai Stock Exchange to bring trading venue to Frankfurt
Market-makers tweak algorithms post-SNB move
Liquidity providers have been seeking ways to improve their electronic price formation since the Swiss franc event in January
SG promotes Bine and Zaffran in global markets revamp
Societe Generale reshuffles markets division as it seeks to grow its corporate franchise
UBS escapes DoJ prosecution and fine
But it pays a further £342 million to the Fed over FX conduct issues
Volumes surge on EBS eFix Matching
Average daily volumes up 160% a year on from launch
IG chief market strategist joins LCG
Financial markets veteran Brenda Kelly exits IG for rival firm in London
FXSpotStream adds Standard Chartered as liquidity provider
Pushing the number of market-making banks on the aggregator up to 11
No plans to spin off electronic business, says Spencer
Responding to FX Week's question on the company's full-year earnings call
Hackett joins LCH.Clearnet in newly created role
Ali Hackett moves from industry advisory group Formation 8 to lead global sales
Rendon exits HSBC
Head of G10 options Steve Rendon is made redundant from the UK bank
FX algos revive US rates trading at UBS
Rejigged algo behind doubling of volumes – Swiss bank aims to repeat trick in swaps
EBS Direct set to offer outrights and swaps
The platform looks to grow market share in a new area of business
Icap launches CNH hub
The new service pools CNH data from existing platforms and is accessed through Icap's e-commerce portal; the company plans to add CNY data in due course
Wells Fargo's Gilani dies in train crash
Abid Gilani was a senior vice-president in the hospitality finance group
Thomson Reuters trading rules to be enforced from July 13
Enforcement of the Matching rule book, updated last year, will start in mid-July
ForexClear earmarks 2016 for FX options clearing
CCP time-stamps FX options-clearing plan, albeit for the third time since 2011, as concerns remain over currency delivery
Hotspot on the offensive with free FX offer
Platform chief says price competition is "long overdue"
Cartledge resigns from Barclays
Barx veteran exits bank to take time out of the industry
Societe Generale revamps global markets division
Danielle Sindzingre will continue to head up fixed income and currencies, with added responsibilities
Haroon Sana joins Scotiabank
Former global head of rates sales at Deutsche Bank is appointed in a similar role
Top five FX dealers lose market share, but maintain dominance
Citi, Deutsche, UBS, Barclays and JP Morgan see a collective 51% of customer flows
Leverage ratio begins to bite for FX derivatives
The capital-intensive rule for banks, which has already affected the rates and credit world, is starting to hit FX - with clients expected to bear the brunt of higher costs