News
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
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
Non-bank market-makers to increase role in FX
Non-bank market-makers to gain ground against banks in the increasingly commoditised business of market-making in FX
Translation risk hits corporate earnings
Millions have been wiped off corporate profits last quarter as a result of converting back earnings from depreciating currencies
StanChart looks to cut reliance on human traders
Changes come amid wider refocus of FX operations, including moving some FX derivatives to London and Singapore
Lloyds' FX trading head in US leaves role
Lloyds Bank has seen its head of FX trading for North America leave his role after three years at the bank
JP Morgan FX director exits in London
Iberian FX sales director leaves JP Morgan after six years at the bank to take a role at another firm
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
Trading places, 6 May, 2014
Co-founder at BlueBay Asset Management departs; new appointments at the Bank of Russia and Basel Committee
ITG study finds fixing time "irrational and expensive"
ITG looked at eight currency pairs on Thomson Reuters Matching, one of the data sources for the now controversial WM/Reuters fix
State Street centralises Currenex liquidity access
Firm aligns trading and clearing processes across asset classes
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Senior FX departures highlight changing market structure
Issues ranging from low volatility, benchmark investigations to regulatory change have led to senior participants leaving the the market either temporarily or permanently
Goldman Sachs loses key FX staff
Goldman Sachs saw two senior resignations in its foreign exchange business last month
Suspended traders prepare to fight back
Traders prepare to defend actions that have led to suspension of dozens in connection with the global FX probe
Three-quarters of RMB participants feel depreciation pain
RMB volatility rises as PBOC forces currency down against USD
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
CIBC beefs-up corporate solutions group in New York
20-year capital markets veteran Bernard Garra has returned to the industry at CIBC in New York following BBVA departure last year
European Court of Justice knocks back UK Treasury’s FTT challenge
Treasury must wait until FTT is properly fleshed out before challenging again
Sterling strength cuts £3.5 billion off UK dividend payments
Rises in sterling against the US dollar and the euro have wiped billions off UK investors' dividend payments from some of the largest companies