News
TD Securities FX trader departs
FX market veteran exits the Canadian bank in London
Product launches, November 3, 2014
Product launches and announcements in the FX industry
Toland joins MarketFactory as vice-president of sales
He previously worked at EBS and Thomson Reuters for six and 10 years, respectively, and will now lead MarketFactory's sales efforts
Fry exits LiquidityPool after sale to Xenfin
Paula Fry previously worked at Citi, and for more than 14 years at Goldman Sachs
KCG open to Hotspot sale
The financial services firm has expressed an interest in selling FX platform Hotspot, despite a rise in year-on-year volumes
Bank of Japan easing reaffirms dollar bull trend
Strategists see USD/JPY trading at 115 before the year-end and at 120 by September 2015
Banks set aside more than $6 billion for FX fines
Large currency dealing banks prepare to draw a line under the global regulatory probe into currency markets as they brace themselves for fines
Surge in RMB payments between offshore centres
Share of RMB activity for international payments between offshore hubs reaches 3.25%, and usage grows for payments, FX and trade finance
Stock connect to boost CNY as portfolio inflows could double
CNY is set to be the only Asian currency to rise against the USD next year, on the back of growing overseas investment and the PBoC's reluctance to weaken the currency to boost growth
FXPro hires in e-FX sales
Retail broker continues to build out institutional arm with new recruit
UBS hires FX hedge fund salesperson
Former senior Barclays FX salesman rejoins the market at UBS
Gaborow exits Nomura and rejoins Blum
Former Nomura colleagues team up on the buy side
Faulkner takes up role at Fluent Trade Technologies
FX market veteran takes on permanent role in London
Deutsche Bank appoints Wisnia as head of Fic structuring
Sam Wisnia joins from private equity firm DMC Partners; he previously worked at Goldman Sachs for 14 years
RBS appoints two MDs in Asia-Pacific
Holdstock joins RBS from Nomura to head up the cash, NDF, Stirt and options business in the region. Reporting to him is Goh, who will head NDF and Stirt
Fair and Effective Markets Review launches Ficc consultation
UK regulators publish a consultation document seeking feedback from participants on how to restore confidence in fixed income, currency and commodity markets
CME rule hurts FX broker business, say participants
CME enrages brokers, who claim their once-profitable business in transitory FX EFRPs has vanished, despite the launch of a product to help offset the changes
BNY Mellon chooses Singapore for new FX dealing room
Keon Ho Kang leads a nine-strong team focusing on G-10 currencies as BNY Mellon looks to tap increasing demand for FX in Singapore
Non-bank market-makers step into the breach as banks turn to agency
Buy side continues to worry about the reliability of non-bank market-makers, despite their presence during a technical glitch and volatile trading times
Bock joins 360T from ADS Securities
Bock joins 360T after leaving his three-year role as head of sales for Europe and North America
Patten and Jones cash in on Liquidity Pool sale to Xenfin
Former Mako FX platform taken on by technology firm
Hosking joins Forex FS from ADS Securities
He previously worked at ADS Securities, based in Singapore, covering bank and institutional sales