News
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
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