News
RMB cash management in limbo as market awaits PBoC guidelines
Banks eager to offer two-way sweeping accounts throughout China, but rules not in place
FXCM scraps dealing desk following FCA review
Lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30
EUR/CHF long positions make market anxious
The recent downward pressure on the euro has led Saxo Bank to reconsider the margin it charges as the Swissie floor gets hit
ABN Amro hires Singh in FX clearing
After several months out of the market, Noel Singh returns to ABN Amro
Sterling set for instant 5% fall if Scotland votes Yes
Market still sees independence as unlikely, but participants buying sterling protection
Papasavvas leaves Investec to launch loan syndication firm
FX strategist ends eight-year career at South African bank
Ex-spot trader in RBS compliance role
RBS brings in former FX spot trader to help with compliance
Deutsche Bank appoints CMTS co-heads
The bank has promoted internally and hired externally in its capital markets and treasury solutions group
Saxo Bank London chief departs
Torben Kaaber has left Saxo Bank after more than 16 years and is replaced in London by Matteo Cassina
Taiwan fixing could fragment offshore renminbi liquidity
Latest CNH fixing will be a boon for Taiwan’s derivatives market, but concerns have emerged over the potential silo-isation of the renminbi market
Regulators missing the elephant in the room
The changes happening in the FX market have woken banks to credit risks they were previously unexposed to
UniCredit hires senior FX options trader
Peter Billington joins UniCredit under Nick Gentle
Rosin joins Citi in sales role
Richard Rosin, previously of Goldman Sachs, joins Citi's FX banks sales team
EUR/USD may hit parity as dollar shows signs of life
Having survived the best part of the year without a particular trend to follow, investment firms are seeing light at the end of the tunnel
Currency fund returns on the up after tough few years
Profits rise as the paths of major economies begin to diverge
Esma's latest FX consultation branded ‘pointless’
Regulatory playing field will remain unequal in EU, say market participants
Marex Spectron closes FX business
Broker says it will focus investment on core business activities instead
Shah joins Standard Chartered in Singapore
After exiting Barclays in February
CFTC's FXPB reporting rules add to regulatory confusion
CFTC reporting rules, introduced 18 months ago, force FX prime brokers to take evasive action while awaiting clarity
Europe doubles RMB transactions with Greater China in one year
European hubs fuel renminbi usage with 10% share of global payments
Clients switch off dealers using aggressive last-look strategies
Market-makers using aggressive last-look strategies face backlash from buy side
Richards exits Credit Suisse in search of new opportunities
Richards spent four years at Credit Suisse, following a long stint at RBS, working with Mark Barnes
Russian banks face struggle to access credit and PB
Sanctions have reduced Russian banks' ability to trade in wholesale markets, but CLS's plans remain on track