News
Sefs record FX volume uptick as buy side signs on
Sefs top $200 billion of FX volume in one week to mark one-year anniversary
Burroughs and McClements join RBC Capital Markets
Burroughs becomes a director and McClements a vice-president in e-FX sales
Volume boost for EBS at last
Volumes up in third quarter, but still depressed by historical standards
Tradition launches African FX futures
Zambian, Kenyan and Nigerian currency futures to be offered on JSE
Nomura lets go head of North American FX sales
Nomura fires senior sales person in New York after four exits in London
Global trade reporting ‘a mess', Sibos delegates told
DTCC and Commerzbank tell Sibos delegates that global derivatives trade reporting requires further regulatory intervention to be a success
JP Morgan promotes Emea FX sales head
Scott Hamilton adds new responsibilities to his rates role after Wacker is promoted at the US bank
BlackRock's Novick slams banks' 'reprehensible' behaviour
Banking ethics and the enormity of regulatory fines are discussed by Sibos panel
Deutsche Bank executes first direct EUR/CNY trade
The move will help the formation of a direct exchange rate between the two currencies
BuysideFX shuts up shop
Buy-side focused vendor closes following client withdrawal
Nomura axes four in FX
Departures in emerging markets, G-10 trading and sales
FSB releases final benchmark report
FSB supports wider fixing window, the separation of benchmark orders and industry-led netting solutions
Colt expands FX Liquidity Access service
Regional banks hanker after greater FX liquidity
Agency execution set for strong growth
Growth is being driven by the changing role of dealers and best execution pressures on the buy side
African FX market needs ‘kick up the backside’, say local banks
Volume growth hampered by regulation, but banks cautious towards new product releases
FCA investigation becomes systems and controls case
Banks and the FCA have reportedly entered into talks to settle allegations of benchmark manipulation, with the focus turning to systems and controls as regulators struggle to link senior management to complaints
HSBC hires senior FX salesperson
FX veteran returns to the market at HSBC after six months out
Newedge hires Jamie Gavin for OTC clearing role
His responsibilities include OTC clearing of institutional sales, and overseeing the product development, operations and technology teams
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
UK benchmark-rigging laws to extend to FX
Government launches consultation on wider criminalisation of benchmark rigging
Global renminbi payments triple in value
One-third of the world's financial institutions use the renminbi for payments to China and Hong Kong, making it the seventh-ranked global payments currency
Hotspot taps into FX dark pool demand
Hotspot has thrown its hat into the ring to compete for FX spot dark pool business amongst the likes of BGC Partners and FXall
Deutsche Bank’s Vos relocates to New York
The German bank reshuffles its Fic team in New York