News
Abbott joins LindenGrove Capital as portfolio manager
Ex-Morgan Stanley head of FX options trading joins proprietary shop in London
FXCM discloses data for global market failure event
Retail broker blasts SNB and liquidity providers, highlighting lack of circuit breakers
Putz joins Henning Carey
Global head of FXCM Pro departs for Chicago-based proprietary trading shop
FXCM issues not a US problem, says Massad
The US regulator points the finger of blame at affiliates outside US jurisdiction for making the retail broker's Swiss franc losses worse than they could have been
Deutsche Bank expects EUR/USD parity by end 2015
ECB's QE and negative rates fuel capital outflows, which will weigh on the single currency in the foreseeable future
CME hires Fix to develop benchmark products
The Chicago-headquartered exchange has moved to expand its presence in Asia by hiring DME's chief executive
Buy side seeks alternative ways of handling large orders
Due to the unwillingness of banks to handle larger buy-side orders and the changing structure of the WM/Reuters benchmark
Prime brokers raise capital requirements
Minimum requirements for balance-sheet size upped to as much as $50 million
FX fines could exceed $7.5 billion
Fines from regulators, as well as civil litigation in the US and events since January 15, are taking their toll on the FX industry
Renminbi set to recover losses against dollar
The central bank is likely to announce further cuts to bring more liquidity into the economy as it announces a lower GDP target for this year
Standard Chartered sees strong FX volume growth
But growth is offset by margin compression; fellow UK bank Barclays ups war chest for FX investigation to £1.25 billion
EBS volumes tick lower in February
Platform sees lower flows in the second month of the year after stellar start
Nasdaq eyes rolling spot to capture FX share
The US firm is the latest exchange to move into FX as it targets customers who do not take physical currency delivery
BBVA's US head of FX sales and trading exits
BBVA loses a senior managing director in New York
Tullett Prebon reveals staff cuts for 2014
The broker made the changes to ensure cost savings
FX funds in the black for seven months in a row
The Parker FX Index registered a seventh-consecutive month of positive returns, with 2.71% for January
Carrington and Shey exit RBS amid restructuring
Co-heads of currencies and emerging markets set to leave UK bank, along with global head of trading
CME price limits caught out by Swiss franc surge
Exchange bins month-old rule after it leads to huge spot-futures basis
FastMatch to waive non-last look fees in 2015
The spot FX platform wants 60% of its liquidity to be non-last look and is offering brokerage-free access until the year end
RBC becomes EBS Direct's first Canadian liquidity provider
Addition of RBC will boost platform's share of Commonwealth currencies, EBS says
Emerging markets will be resilient in the face of US rate hike
Strong dollar and low oil prices will benefit countries such as Turkey, China and Hungary
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
Buy-side grapples with fix fee puzzle
Panelists at the 8th FX Invest Europe conference discuss benchmarks, last look and changing industry dynamics