News
Best execution driving demand for pre-allocation aggregation, says Traiana
Settlement and reporting of block trade made easier under new service
Buy side needs to attach costs for execution
Investigation into currency benchmarks is the result of asset managers outsourcing execution to banks at no cost
Trading places, 28 April, 2014
Departures at Isda and BHF Bank, while the FCA employs two senior advisers
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Gain Capital loses key GTX figures
The institutional arm of retail broker Gain Capital has seen Joseph Wald and Peter Cronin leave the firm in New York and London
Barclays appoints new FX flow options head
Barclays has promoted internally in New York to replace Gugesh Guganeswaran, who left for the buy side late last year
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly
Kantox forms European FX advisory board
Peer-to-peer platform attempting to stay ahead of FX market changes
Cantor Fitzgerald appoints global head of FX sales and trading
Cantor Fitzgerald has made former State Street, Morgan Stanley and JP Morgan FX veteran the firm's new global head of FX sales and trading
StanChart hires FX real-money sales people
Standard Chartered is set to build out its FX real-money sales desk with three new hires from rival banks
Poynder starts up FMR Advisory
The impact of Emir, Mifid and Dodd-Frank on FX businesses wil be the focus of Robin Poynder's newly launched company
TD Securities hires FX sales director in New York
The Canadian bank has hired in its FX sales team in New York, following the appointment of Michael Twaits as global head of FX
RBS hires FX options head for North America
David Katalan has made the switch back to the sell side with RBS in the US while the bank has seen two FX salespersons leave the firm in London
CIBC hires senior FX options trader
20-year FX veteran David Pennell has joined CIBC after leaving JP Morgan last year
Trading Places, April 21, 2014
Moves at Morgan Stanley, Mitsubishi UFJ, BAML and the European Commission in this week's Trading Places
Lack of FX volatility helps banks with staff shortages
A significant market event is likely to stretch fewer FX traders at banks, which could lead to advantages for those not embroiled in the FX investigation, say market participants
Moex sees record FX volumes in March
Algorithmic traders have helped the Russian exchange boost its forex volumes
ACI asks FCA to conduct probe into UK data leaks
FCA and currency industry trade body to look into possible data leaks around major economic data releases
RBI pushes independent benchmark body
Indian central bank recommends administrative body for FX rate governance
Banks create specialist teams in surveillance "over-reaction"
Banks have tightened their electronic surveillance measures for chatrooms, in a move traders say is creating fear and uncertainty
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
WMBA says EC's FX spot consultation misses the point
Trade body hits out at European Commission’s consultation on FX spot definition
EU set to exempt FX swaps and forwards from initial margin requirements
Consultation document removes initial margin requirements on €6.9 trillion of uncleared FX swaps and forwards