News
Algomi recruits Bruun-Olsen as head of Asia-Pacific
Jesper Bruun-Olsen previously worked for Oanda and Tradeweb Japan
And it's goodbye from... FX exits in 2014
An unprecedented number of senior FX market participants departed the sell side last year, in some cases leaving the business for good
Chauval joins EBS in Singapore
Appointed director of data analytics, based in Singapore
Trenner appointed global head of strategy at EBS
He steps up from his previous role of global head of liquidity optimisation; EBS forms e-commerce steering committee
Broadridge acquires TwoFour Systems
Global investor communications and technology giant Broadridge moves to secure FX vendor TwoFour Systems, along with its parent company's CEO
SNB reserves suggest 24bn euro intervention
The Swiss central bank increases its foreign currency reserves to CHF 495 billion, mainly driven by euro buying, strategists say
NDF clearing could be delayed until February 2016
The FX subcommittee of the Global Markets Advisory Committee has submitted a condensed 10-page report to the US regulator, proposing a 12-month schedule for clearing non-deliverable forwards
Reserve managers shun the euro
International Monetary Fund data from the third quarter of 2014 shows a significant hit to euro reserves following further negative interest rates
BGC issues letter to GFI shareholders in battle for broker
The war between BGC and CME over brokerage house GFI looks set to come to a head, following months of counteroffers
Currency funds see fifth month of positive returns
The Parker FX Index reported positive results for the fifth-consecutive month, with a 0.68% return for November
EU banks' exposure to Greece below 5 billion euros
European banks' exposure to Greece's sovereign debt is nil and total Greek lending stands at around EUR 5 billion
HKMA finds no evidence of FX fixing
Investigations into FX market manipulation turn up two cases of possible misconduct, but find no collusion between banks; six banks criticised for communication ‘indiscretions’
EBS launches end-of-month INR NDF
Contract to complement existing one-month outright offering
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