News
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
Thomson Reuters senior duo exit in New York
Senior business heads at Thomson Reuters leave after combined service of more than 20 years
Standard Chartered creates new head of RMB sales role
Zhou Cheng Gang to lead development of RMB capabilities
Investment managers ramp up leverage with NDFs
Both pension and mutual funds have become increasingly interested in the higher leverage achievable on cash-settled products compared to physically-settled derivatives
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