News
The dollar to rule them all
The dollar rally has finally arrived in late 2014, with more gains pencilled in for 2015
Traiana warns of busy regulatory year ahead
Steve French, director of product strategy at Traiana, says fixing the Emir system and implementing Mifid II reporting will bring huge challenges in 2015
SocGen cuts six FX staff in New York
The bank loses several staff while appointing a new head of OTC clearing sales for North America
SNB negative rates to take effect on ECB day
The Swiss central bank's steps and timing are a good indication of the ECB's next actions
Deutsche Bank names global head of FX
Wayne and Wisnia also benefit from reshuffle
Bank of America Merrill Lynch promotes in GTS
Jameson, Davies, Mizen and van Rensburg climb the ranks at Baml
Contagion fears ignited by ruble moves
The trouble in Russia is spreading to other currency pairs in emerging markets and causing bouts of volatility in G10 pairs as traders struggle to get business done
Moex margins above 30% with EBS still trading
Ruble trading becomes more expensive as intraday price moves remain exceptional
FX platforms switch off ruble trading
Bloomberg and FastMatch suspend trading, following similar decisions by retail platforms after extreme RUB volatility
FXCM closes out existing RUB trades at noon EST
FXCM closes out existing ruble positions at noon Eastern Time on December 16
Bloomberg Tradebook halts RUB dealing
The Moscow Exchange and Saxo Bank hike collateral requirements; FXCM and Alpari pull out
Moscow Exchange trading continues without disruption
Price swings in the Russian currency hit unprecedented levels as liquidity vanishes
Mandy Lam exits GFMA
The association's managing director for North America leaves for buy-side role
BGC bolsters European business with RP Martin buy
BGC purchases RP Martin's UK assets, and plans to add Swedish and Dutch businesses to its portfolio as well, pending regulatory approval
Commerzbank pulls back from FX prime brokerage
Commerzbank closes prime brokerage business as it reallocates resources
Thomson Reuters Matching adds MYR and PHP
The platform has expanded its universe of currencies to include USD/MYR and USD/PHP
CLS appoints Lichter to the board
Gilbert Lichter will serve as outside director
CFTC hears NDF workload fears
Some FX market participants are concerned by the potentially short timelines for preparing the industry fully for NDF clearing and possible liquidity implications
HSBC warns of destabilising moves in 2015
FX markets are underestimating the risks of destabilising currency movements next year
Renminbi set for more volatility, analysts say
More two-way volatility is expected and price swings could come close to those seen in the first half of 2014
360T sees record volumes topping $100 billion
Frankfurt-based FX platform's success due to widening client base and pick-up in volatility
Volcanoes, house prices and Draghi are main black swan events for 2015
Saxo Bank releases its annual prediction of unforeseen events for the coming year that could unsettle global markets
Citi suspends more FX staff
Suspensions follow a hefty round of fines in relation to the FX benchmark probe
Nomura Americas FX COO joins buy side
FX trader is the latest to leave Nomura for the same buy-side firm