News
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
Poynder departs Thomson Reuters
33-year industry veteran Robin Poynder has left Thomson Reuters in London
Commercial banks set to dominate FX trading yet again
The FX market is heading back to the 1990s as smaller, regional banks make a comeback and take back ground from investment banks
Head of US sales departs Ice
The US exchange's head of US sales has left the firm in Chicago
BoE appoints Lord Grabiner to lead FX investigation
The Oversight Committee has appointed Lord Grabiner for investigation into whether BoE was involved in alleged market manipulation
CME Europe set to launch FX futures in April
After a significant delay to the launch of its flagship European exchange, CME Europe will launch next month with 30 FX futures contracts
Global head of FX departs Crédit Agricole
GFMA board director and head of FX at Crédit Agricole Vince Leclercq has left the French bank in London
Carney pledges to push BoE FX investigations all the way
Carney pledges to get to the bottom of allegations that BoE condoned market manipulation in FX markets
CME Europe chief executive dies at 60
CME's Robert Ray has passed away following an illness
Trading Places 07/03/2014
Citi hires Daniel Hanson as Ceemea FX options director
European Parliament to lay out final offer on bank resolution
Parliament tries to force Ecofin’s hand after a breakdown in negotiations
Santander promotes Pelizzoli to global head of FX trading
Marco Pelizzoli has assumed responsibility for FX trading at the Spanish bank, as Mike Killen takes over Simon Manwaring's former role
Three-quarters of FX volumes now executed electronically, say Greenwich Associates
Deutsche Bank, UBS, Citi and Barclays now collectively handle almost half of overall global flows as electronic execution in G-10 hits 79% and 56% in emerging markets currencies
RBS internalisation levels hit 90% in EUR/USD
The Royal Bank of Scotland has revealed details of the extent to which it internalises certain currency pairs, which it claims is a better deal for clients