News
Scottish referendum set to spur cable volatility
The increasingly unpredictable result, long rally against the dollar and current low volatility levels favour the rise
EU elections could reopen old euro wounds
Anti-EU success in elections this week could cause long-term damage to the eurozone's future, participants warn
EM currencies hotbed of FX manipulation, says spot trader
EM currencies to be closely scrutinised following German regulator's admittance of Mexican peso involvement
RBC hires FX structurer in London
Credit Suisse structurer switches to RBC under global head of FX options Garrett Clinton
EM currencies going from "doom to bloom"
EM currencies on the up, says SocGen strategist
EMFX panellists clash over futurisation of FX market
Exchanges will compete "fiercely" for FX market share, says CME’s Patrick
RMB growth offers ‘huge opportunity’ for London
Capital in position to benefit from RMB growth
Citi relocates FX technicals team
Citi has restructured its FX technical strategist team to serve its clients globally, a memo states
EBS appoints global head of e-commerce solutions
Trading platform hires Paul Allmark from Thomson Reuters, to head development of e-commerce products
BAML loses member of FXPB team in London
Richard Holman leaves Bank of America Merrill Lynch's prime brokerage team after seven years
CLS sees 9% revenue growth
FX settlement service has successful 2013
Industry united over spot FX definition after EC consultation
Industry wants nuanced position of FX spot settlement length
Trading Places, May 19, 2014
Deutsche's Zinkin takes on further responsibility and Oanda appoints former Alpari UK chief executive to lead its business in London
Marex Spectron loses three FX salesmen
Marex's build-out of its FX agency business has taken a blow with the departures of three senior figures
Barclays creates macro products business
Mike Bagguley leads new business group at the investment bank, which comes soon after Barclays announced 7,000 job cuts over the next three years
Standardisation reaches back-office functions
The fragmented nature of FX has made client management on platforms costly and cumbersome
EBS Live moves to 50 millisecond updates
EBS Live set to update twice as fast as previously, while minimum quote lives will be halved
Corporates defend macro-hedging strategies
UK corporates defend their risk management strategies, unconcerned by the prospect of a Scottish currency affecting their UK portfolios
Credit Suisse trims FX staff in London and New York
The Swiss bank has made further cuts to its FX division six months after merging its FX, rates and credit businesses
Corporates worry over post-clearing NDF liquidity
Corporate treasurers fear likelihood of higher costs for cleared NDFs, reducing liquidity in the sector
FX dealers work with Nasdaq OMX to launch trade monitoring service
Nasdaq OMX and six major currency trading banks collaborate on further transparency efforts
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Deutsche Bank loses FX salesperson in Paris
The German bank has seen one of its FX salespeople leave the bank this month after more than four years
Trading Places, 12 May, 2014
Another trader has been fired at Deutsche Bank amid FX investigations while a CFTC director leaves office