News
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
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