News
FXCM to forgive 90% of negative balances
US broker will not seek to recover client losses, but will look to recoup money from 10% of customers
Bats Global snaps up Hotspot as it moves into FX
US equity exchange operator buys Hotspot from KCG for $365 million in cash
Moscow Exchange to increase ruble tick size
Alteration follows a recommendation by the Russian exchange's FX market committee in November
October saw FX turnover reach new heights
UK foreign exchange volume rose from $2.4 trillion in April, while FX spot and options were the main winners across jurisdictions
Credit Agricole appoints head of G10 FX trading
FX veteran reports to Bryan Scarfone and Tony Botting in New York
Roworth joins Sucden as co-head of e-FX
Wayne Roworth is appointed co-head of e-FX at Sucden Financial
Analysts see volatility but no contagion after Greek vote
The election results are viewed as a mandate to seek a tough renegotiation of the bailout, but strategists still consider a worst-case scenario unlikely
New York Fed announces re-elections to board
Paul Mello and Terry Lundgren have been re-elected while Emily Rafferty has been reappointed to the institution's board of directors
Barclays attempted to cancel Swiss franc trades
EUR/CHF trades executed with Barclays are being negotiated between bank and buy-side counterparties after the British firm looked to cancel some FX trades following events on January 15
UBS appoints head of G10 FX strategy
UBS hires a senior FX strategist, reporting to Stephane Deo
Russell and Integral launch buy-side trading tool
Both companies hope to solve benchmark execution for investors
UBS head of European EM spot exits
Zurich-based head of EM FX spot and Stirt leaves the Swiss bank
Hungary and Poland resilient to SNB action
Despite FX exposure to CHF in Hungary and Poland, the region is safe against exchange-rate swings
Further euro weakness expected after ECB announcement
The open-ended programme could lead to EUR/USD trading at 1.09 by the year end, say strategists
SNB fallout claims hedge fund victims
Macro funds from London to New York have been knocked out by the SNB's decision to call time on its EUR/CHF currency floor
CFTC wants Dodd-Frank regulation for retail FX
The US regulator has taken a tough stance on retail FX following the fallout from the SNB's currency floor removal on January 15
Citi set to name Alex Jackson's successors
US bank set to make changes to its FX sales team in London
Barclays EM FX research head exits
Barclays loses senior research figure after eight years
ECB QE programme priced into FX market
The market expects around €500 billion of QE from the ECB, which could result in euro appreciation
TriOptima to deploy FX compression service with CLS
Post-trade service provider TriOptima looks to add to its success with compression services in other asset classes
Monex Europe expands with Madrid opening
The currency broker opens a new office in Spain in a bid to widen its presence in mainland Europe
UBS FX structuring head departs
20-year veteran of financial markets moves to Maven Global
TradAir appoints new global sales director
FX technology provider TradAir makes another senior hire
AUD/NZD lows will not last
Growth, carry and commodity prices have given the Kiwi the upper hand, but ultimately, the Aussie should gain support from the stabilisation of asset markets and commodity prices