News
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants
Nomura's global head of FX leaves bank
The Japanese bank has seen Jai Rajpal exit after almost two years in London
Nemat Shafik secures new BoE role
Shafik arrives and Paul Fisher shuffled to the side in BoE shake-up
FX sales co-head leaves RBC
Patrick Bauné has left the Canadian bank in London after more than three years at firm
Morgan Stanley FX and emerging markets co-head departs
Steve Glynn has left the bank in Hong Kong after 14 years, with fixed income sales head Ben Falloon set to take up his responsibilities in the region
BAML embarks on Ficc reshuffle
Tom Klocker and Michele Foresti have joined BAML in London to take on senior roles as part of the bank's Ficc strategy
Virtu's IPO: the $100 million question
Alessandro Pasetti writes about investment strategy and assets valuation for banking clients mainly based in London and Europe. He previously worked for Dow Jones/The Wall Street Journal doing M&A research for the IB community. He has worked in equity…
EBS rolls out randomisation across the board
EBS implements one to three millisecond latency floor in most active currency pairs after a six-month trial in the Australian dollar and Swiss franc
DTCC experiences ‘brutal’ start to trade reporting
Trade repository admits it was caught unprepared by reporting at industry conference
US banks benefit as European peers pull back from Ficc
European banks losing out to better capitalised and less regulated US counterparts, according to research
E-commerce head exits SocGen
Former FX trading head and deputy head of currencies Serge Topolanski has left the firm after nearly 25 years at the firm
Costs of forex manipulation could be worse than Libor
Probes into current market manipulation are gathering pace, and the findings are expected to be every bit as damaging as those relating to Libor rigging. But they may come with an even bigger price tag. Fiona Maxwell reports
Lloyds’ FX solutions head joins Standard Chartered
Robert Garwood has taken on a cross-asset role at Standard Chartered, having left his post at Lloyds after three years
BAML hires former Barclays FX salesperson
After leaving Barclays last month, Marie Korde has taken up a similar FX sales role at BAML in London
NZD/CNY begins direct trading agreement
The announcement of a direct FX trading relationship between New Zealand and China will lead to improved efficiency, say approved market-makers
Thomson Reuters switches to 25 pip pricing in Russian ruble
Thomson Reuters Matching is increasing minimum tick sizes in the Russian ruble to prevent high-frequency traders from gaming others
Analytics firms trawl for evidence in fix, proof yet to be found
The trawl for evidence continues as allegations that traders colluded to manipulate benchmark prices remain unproved
Systematic funds may continue to struggle in low-rate environment
Happier times for systematic traders still some time away, says Alessio de Longis
FXall continues to lead FX volume charts
The Thomson Reuters-owned platform has topped the average daily volume table ahead of Matching and EBS for the sixth month in a row
USD/CNH spreads tighten by 30 pips in two years
The renminbi is set to internationalise within the next 10 years, as increased liquidity has narrowed spreads significantly, say central bankers
Lufthansa head treasurer departs
Industry veteran Roland Kern has left the German airline in Frankfurt