News
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
Standard Chartered appoints Winters as new CEO
Bill Winters had been co-CEO of JP Morgan's investment banking arm between 2004 and 2009
RBS suspends two more in FX
The bank has moved to suspend two senior employees in London
Spreads widen as liquidity worsens in FX
Executing large orders can be as much as 25–30% more expensive as banks pull out of risk warehousing
Crédit Agricole hires senior FX options trader
FX options veteran moves to the French bank in New York
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Credit Suisse appoints head of e-commerce
The Swiss bank strengthens its e-commerce business in New York
Concannon becomes chief executive of Bats
Joe Ratterman moves to chairman of the board as Paul Atkins departs
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today
Trading places, February 23, 2015
BGC CFO steps down, Citi boosts board and New York Fed loses executive vice-president
Senior FX staff face risk of redundancy at Societe Generale
Stephane Malrait, Leon Brown, Robert Gomprecht and Paolo Sorio are all at risk of redundancy as SocGen reviews its FX business
BGC clinches GFI deal as hostile bid draws to a close
Broker succeeds in its quest for rival GFI after drawn-out takeover battle
Lloyds hires FX sales director
FX corporate salesperson swaps Citi for Lloyds Bank in London
StanChart adds NDF trader in New York
The bank's newly appointed NDF trader reports to Eric Darwell
Swedish krona emerges as funding currency of choice
Sweden's decision to flip its rates into negative territory boosts the currency's popularity in the near term
G10 FX revenue sinks 45% since 2009, says report
Coalition's research, compiled from 10 major banks, shows Ficc revenues and headcount down year-on-year as firms struggle to turn the tide
Barclays warns of possible Barx disruption on Grexit
Bank warns clients to expect highly illiquid conditions, wide spreads and delays with orders on Monday
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
Commerzbank head of e-Fic sales departs
FX veteran leaves the German bank after nine years
Sizeable renminbi devaluation a major tail risk, says Baml
Chinese inflation data suggests the People's Bank of China could rethink its current renminbi strategy