News
Morgan Stanley promotes Jerome to head FXEM in Emea
New role for Oliver Jerome in London; other moves at Deutsche Bank, National Australia Bank and UBS
Buy side steps in as banks tire of delegated reporting
Buy-side firms are offering delegated reporting for clients as banks understood to be weighing up whether to continue offering the service
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
RMB volatility slows corporate hedging activity
Demand for structured forwards down by 80% as corporates wait for RMB to stabilise, dealers say
London RMB clearing bank likely to be Chinese, says RBS
Renminbi trading in London is likely to be run through a Chinese clearing bank, say market participants, following the agreement due to be signed on Monday
Barclays FX options director exits
Two FX options traders have left Barclays this month in New York and London, with both set to join a rival firm
Buy side prefers voice trading to electronic execution
Some firms have claimed e-FX trading figures are not a true reflection of how many firms on the buy side operate in the market
Rob Maher joins Nomura as global head of electronic markets
Fixed income electronic sales head leaves Credit Suisse after more than a decade to join Nomura in New York
Forex clearing drives Nasdaq OMX reorganisation
Global market services unit designed to improve trading transparency for exchange’s clients
Citi reorganises G-10 FX
Citi creates first global spot FX role, which brings e-trading and voice trading under Richard Bibbey in bank re-shuffle
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