News
Nichola Hunter leaves EBS
Hunter had worked at the firm since 2003, most recently as co-head of EBS Market
FX traders focus efforts on improving trade surveillance
Auto-hedging, risk management also key, while regulation is seen as opportunity rather than risk to businesses
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
Traders could face extradition to US in fixing lawsuit
FX participants could face extradition to the US on antitrust charges following a successful attempt to serve justice on an Italian national in April
US Bank replaces retiring head of FX
FX veteran Drew Gross has retired from the industry after more than 30 years, ending his 3-year spell at US Bank
Trading Places, July 7, 2014
Moves in FX sales positions at JP Morgan and Nomura, while GTX appoints business development head
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
Regional banks capitalise on local edge
Emerging market currencies benefit from readily available technology and expertise
JP Morgan names new FX options head
JP Morgan has turned to the head of FX options in Asia to fill the shoes of previous global head Kayhan Mirza who left in March
RMB exchange-rate freedom for Chinese banks
Chinese central bank also widens RMB trading band
Goldman Sachs appoints Sydney-based Ficc sales head
The US bank promotes 15-year veteran Nell Hutton to run Ficc sales in Australia, reporting to Simon Rothery and James Houghton
Sigma Broking appoints FX desk head
Former UniCredit FX derivatives head moves to Sigma Broking after several months away from market
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
Kotecha quits Credit Agricole for Barclays
FX strategy veteran Mitul Kotecha has left the French bank after 14 years to work under David Fernandez at Barclays
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
Integral makes senior management changes
Jon Barker will run the products division while his sales role has been filled by Richard Farrell in New York
Ex-Threadneedle chairman joins LCH.Clearnet board
Davies has more than 30 years of experience in the asset management industry
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Corporates get ready to hedge renminbi risk
Uptick in renminbi volatility brings more corporates to hedging market
Corporates revise hedging strategies, survey reveals
Wells Fargo's biennial survey marks an ongoing trend among corporates to hedge significant portions of their balance sheet
Beach Horizon loses general operating manager
The hedge fund has seen a senior manager leave in London, as well as its US feeder fund close down after more than four years