News
Gelber Group continues FX hires
The proprietary trading firm makes a second hire from the sell side
BTIG expands New York FX desk
Two FX veterans from the sell side join BTIG, adding to the firm's recent expansion in Chicago, with more hires expected
Markets are exaggerating FOMC dovishness, says Goodhart
Charles Goodhart says market participants should fasten their seatbelts and prepare for a bumpy ride as central banks tighten monetary conditions
FCA to probe possible conflicts in barrier options
The UK's Financial Conduct Authority will examine possible conflicts in the trading of foreign exchange options; some participants avoid these products in thinly traded markets
Buy side highlights TCA data issues – FX Week Europe
Trading heads at PGGM and Legal & General Asset Management debate the use of transaction cost analysis in foreign exchange
IMA's Metcalfe joins Bank of England FXJSC - minutes
Richard Metcalfe joins the UK central bank's Foreign Exchange Joint Standing Committee
Benchmark charge does not solve the problem - FX Week Europe
The buy side has questioned the decision by some banks to charge for fix orders, following regulatory fines topping $4 billion
Banks would love to get benchmarking ‘off their plates’ - FX Week Europe
Barclays trader says banks would support a netting utility for fix orders
'Last look' damages profitability, say technology vendors – FX Week Europe
FX Week Europe panellists argue 'last look' is not helping the market to price clients realistically as margins continue to be squeezed
Corporate hedging is all about discipline - FX Week Europe
Pedro Jimenez highlighted the importance of sticking to hedging policies and keeping close to the market
‘Distortion’ of free fix must end – FX Week Europe panellists
Benchmark charging must be introduced to curb manipulation, say FX Week Europe panellists
FCA warns of more fines if culture does not change – FX Week Europe
McDermott delivered a sobering address to FX Week Europe market participants
EBS hires G-10 currencies head
Bill Marsden joins EBS from a liquidity sales position at Thomson Reuters
LMAX Exchange appoints head of US sales
LMAX has brought in former BAML e-FX sales director Tom Gould to build out its US franchise
LCH rebuffs fears of NDF clearing crunch
Esma's most aggressive timeline could force more than 100 firms to clear NDFs from September 2015, with ForexClear the only currently authorised European CCP
On the knees of your soul? Scrub the floor!
The industry may have received a very public drubbing this year, but customers can still depend on banks for FX
Tullett Prebon wins forwards prize for 11th year running
Tullett Prebon's market share of Sef-traded forwards accounts for around 17% of the overall space
Icap navigates turbulent spot market
Icap and EBS maintain their fine form by winning best broker for spot FX for the 14th time in a row
Citi named best bank for FX for second year running
Citi wins a record 11 categories, but Deutsche retains best bank for spot FX; Barclays ups its tally to five awards, from last year's three
Citi retains top spot and scoops record tally
Citi retains overall best bank award and picks up wins in 10 more categories
Barclays wins sought-after options category
Barclays wins best bank for currency options, EUR/GBP, USD/GBP, FX in London and FX forwards
HSBC scoops two awards for Asia-Pacific
Hossein Zaimi, head of foreign exchange and metals for Asia at HSBC, attributes the bank's Asia-Pacific success to its large client franchise
Deutsche Bank wins five awards in mixed year
Fabio Madar, global head of FX sales, explains how Deutsche managed to navigate the troubled waters of 2014 and continue its success in Europe