News
Citi aims to strengthen grip on corporates with platform upgrade
Latest version of CitiFX Pulse seeks to offer corporate clients better FX exposure management
Smartphone user trends push mobile currency trading
Trevor Young, senior director of product management at margin trading company Oanda in Toronto says app developers should keep on top of changing technologies to capitalise on explosion of mobile activity
CBA hires in European FX sales
Tim Asquith joins the Australian bank as it continues to expand its FX presence in London
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
JP Morgan loses head of FX algo products
Alex Shterenberg departs the bank in New York
Traiana launches swap data repository reporting hub
Harmony TR connect provides a single point for connection to the DTCC's swap data reporting systems and other trade repositories
Direct trading kicks off in Australian dollar and Chinese yuan
China allows direct trading between the yuan and Australian dollar to deepen financial links between the two countries and improve price transparency
Trading Places, April 15, 2013
Fair Trading Technology gains in business development, while Japan's Invast Securities sets up enterprise in Australia
City Index Australia compliance failing investigated
Retail broker set to appoint adviser to resolve weaknesses in compliance with new rules
CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
Futures will not beat swaps on margin alone, say buy-side firms
Swap futures have a number of advantages, but OTC instruments will continue to be popular, leading buy-side firms say
Industry reiterates need for FX exemption in uncleared margin rules
Responses to a second consultation on the margining of uncleared derivatives are strongly in favour of an FX carve-out
Citi loses global head of e-FX trading
Electronic trading head Simon Jones departs Citi to take time out from the market. The bank expects to announce a replacement shortly
RBS reshuffles FX senior management
Tim Carrington and Fabian Shey take joint responsibility for currencies and emerging markets. Meanwhile, Mark Barnes has left the bank
FX veteran Meinnel departs State Street
Meinnel quits State Street after more than 20 years in FX that included senior roles at BNP Paribas and Bear Sterns
Credit Suisse loses global currencies trader in London
Senior FX trader Neilan Govender has left the Swiss bank for a role on the buy side
Lloyds hires global head of corporate FX solutions
Former Barclays sales head joins Lloyds to develop FX risk management offerings for corporate clients
Market questions FXCM's $210 million bid for Gain Capital
Market participants divided over how much value Gain Capital really holds for hostile bidder FXCM
FX Invest North America: Extent of FX exemption still unclear
The US Treasury has exempted FX swaps and forwards from mandatory clearing and reporting requirements, but the extent of the carve-out is still uncertain, panellists at FX Invest North America warned
FX Invest North America: Platform proliferation creates buy-side headache, say panellists
An overcrowded market will lead to platform consolidation, but it is too difficult to predict which venues will survive
FX Invest North America: Central banks ‘getting away with murder’
Central banks are pursuing the wrong policies and will find it difficult to know when to tighten monetary policy, says Axel Merk at Merk Investments
Barclays' Steck joins TD Securities in New York
Tonia Steck, who recently departed from Barclays in New York, will join the Canadian bank in June
Reserve managers avoid Bric currencies despite increase in risk appetite
Central banks look to diversify reserves in search of higher yield, but still consider emerging market currencies too risky
Nasdaq OMX to launch FX clearing in November
Stockholm-based clearing house becomes the latest to announce its intention to enter the FX space