News
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
BNP Paribas boosts electronic markets team
French bank promotes internally to focus resources on electronic trading
Plans for new USD/RUB benchmark fall flat
EM benchmark concerns remain as EBS and Moex fail to agree on terms for USD/RUB fixing after two years of talks
Banks set to charge for fix execution
Mid-price execution looks set to become a thing of the past as banks mull over changing benchmark order management
SG closes London G-10 trading, builds agency presence
French bank considers restructuring FX business and moves towards an agency-execution model with fully-owned brokerage Newedge
Gain GTX hires former Marex FX sales team
GTX targets FX agency desk growth in London with new arrivals
Danske Bank creates currencies, commodities and corporates team
The Danish bank has promoted three senior staff in Copenhagen and Sweden as it comes to terms with tougher market conditions
JCI Capital bucks trend with Ucits fund launch
"We never get too excited, we never get depressed," says Giovanni Pozzi, partner and head of FX at JCI Capital, despite continued negative returns measured by the Parker FX Index in June
BTIG creates Chicago FX desk
The broker dealer expands FX operations with a team in Chicago to complement its New York offering, set up in 2012
Cantor Fitzgerald hires Goldman Sachs' Americas e-FX sales head
Cantor Fitzgerald expands FX sales and trading group with two hires from Goldman Sachs in New York
Barclays starts charging peers for benchmark orders
Barclays will continue to offer fix-order execution to clients without the added spread
Esma must use FX derivative definition delay wisely – WMBA
Fears that delay risks entrenching confusion over trade-reporting rules
ATC Brokers launches UK-based service
Ex-Citi VP Michael Mirarchi will lead the new retail brokerage
FXPBs, agency desks set to resume derivatives trading
After 14 months and failed attempts to relaunch the agency brokerage business in the US, new proposals spark light at the end of the tunnel
Morgan Stanley appoints new Emea FX options head
US investment bank relocates its Americas FX options head to London