News
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
Brokers at loggerheads over Sef volume data
Following the FIA's launch of a Sef volume data service, brokers warn that problems still remain at the source of the published data
CFTC clarification little help for European swap platforms
European swaps still struggling to meet May 15 deadline on equivalence standards
Senior FX spot trader Tollit returns to BAML
Ryan Tollit is the latest senior person at BNP Paribas to leave in FX this year after the departure of Bartosz Pawlowski
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
European Commission launches consultation on FX definitions
EC consultation in response to ESMA's letter dated February 14
Currency managers do make money, says Levanoni
More than half of FX managers still making returns in tough environment
Institutional mobile trading on the rise, says JP Morgan
Institutional traders are embracing mobile trading
EBS launches eFix Matching
The electronic broker has joined forces with Icap's voice broking team to launch an electronic fixing service
Top FX traders flee banks to join buy side
After some of the biggest names in FX from major global banks departed to the buy side in the past 12 months, FX Week takes stock to look at some of the motivations for making the switch
TD Securities names new global FX head
Michael Twaits will relocate from London to Toronto to taken on Michael Gibbens' former role after the global FX head quit the bank
Asset managers bemoan lack of alternatives in FX
Asset managers at the FX Invest North America event call for trading alternatives
Panel clashes on best execution and NDF clearing in Boston
A panel at the annual FX Invest conference in Boston tackled the difficulties of NDF clearing and best execution costs
FX benchmark manipulated more than 25% of the time, plaintiffs say
Plaintiff's council is alleging manipulation occurred in six currency pairs on the last trading day of each month