News
JP Morgan hires former RBS head of FX options, Americas
FX market veteran joins the US bank in a non-trading role
GFI board to review BGC buyout offer
Board still states preference for pre-existing CME deal
Buy side joins calls for delay to NDF Sef trading
NDF trading should not begin on Sefs until rates and credit issues are resolved, say market participants at Risk USA
Benchmarking fines could cost banks $40 billion, says Citi
Analysts believe the impact is already priced in as Ficc revenues rise
RBC FX salesperson exits
FX salesman leaves RBC and aims to return to the market
Bank of England resumes settlement after 'technical issue’
UK’s high-value payment system was ‘paused’ for several hours Monday, but is now back up and running; central bank extended opening hours to deal with backlog
Esma kicks off NDF-clearing consultation
Timeline for implementation still vague, with options clearing also lagging
Product launches, October 20, 2014
Swissquote unveils information portal, Caplin systems publishes white paper on mobile trading, and more
Electronic trading grows tenfold in some EM currencies
Delegates at the FX Week Asia conference in Singapore heard about the challenges and opportunities Asian electronic trading offers
Would-be Sefs fear ability to access market
On-Sef FX dominated by just five providers, and start-up costs are high
Asia most advanced in FX clearing, according to panellists
India, China and South Korea are the most advanced economies in the clearing space, attendees hear at the 10th annual FX Week Asia conference
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
Bevan appointed chief executive of BCS Prime Brokerage
The financial group has created the chief executive role for its subsidiary along with other senior appointments
Ex-QFS partner joins Fortress as managing director
Conklin is set to start next week in Singapore, after leaving QFS in March when the firm shut down its last remaining fund
Salamon and Coughlan move from RBS to join 360T in Asia
Jamie Salamon appointed chief operating officer for Asia Pacific while Robert Coughlan will be head of sales for the region
EBS hit by outage
Spot platforms down for 25 seconds, affecting London-based traders
Marano joins Gain Capital's GTX
Industry veteran joins from Hotspot FX and will be based in New York
G-20 needs to arrest currency wars to stop Asian deflation
Callum Henderson, global head of FX research at Standard Chartered calls for leaders to put a stop to currency wars; says SGD is an ideal candidate for funding relative value carry trades in Asia
Systemic risks in the market on the rise, says Iosco economist
Risk-taking activity yet again at near all-time highs and return of complex financial instruments is another troubling sign
Tech and infrastructure demands of reporting data put pressure on banks and regulators
The terabytes of data regulators receive every day is challenging for both banks and supervisors
French regulator finds market manipulation using Emir data
Europe's derivatives reporting regime needs work, but the AMF has already used the data to identify market manipulation, which is now being investigated
ACI boosts global reach with North American division – ACI America
New body will represent financial markets industry in North America
UBS promotes Newman in FX options
Tony Hall's move means John Newman becomes FX options head