News
Resilience in the euro fails to dent krona strength
A hands-off policy on the part of Sweden's central banks and good fundamentals mean the krona's ascendance will continue throughout 2013, say Swedish trading heads
Banks beef up quant solutions for FX in response to buy-side demand
Morgan Stanley and Commerzbank are investing in quantitative offerings as a part of their FX strategy, but other banks are pulling back from the business
State Street appoints Conway to head new product group
State Street has reorganised its product offering, appointing Jeff Conway to head the newly created 'Global Exchange' group
Citi appoints new head of e-FX trading
Richard Bibbey relocates from Sydney to London with the bank to replace Simon Jones, who recently departed to take time out from the industry
Ice shelves plans to launch FX clearing
Ice pulls out of the OTC FX clearing race, citing regulatory delays in finalising rules for mandatory clearing of OTC FX products
Standardised OTC swaps to launch within weeks
Isda-Sifma working group discussions continue but trueEX prepares to list OTC swaps with standard coupons and IMM dates
US futures brokers to meet new capital requirements from June 30
Regulators push to prevent abuse of loophole in capital requirements between retail forex and futures brokers
Tradition launches ParFX, aims to topple EBS and Thomson Reuters
Bank-backed spot FX platform ParFX hopes to rival incumbent platforms EBS and Thomson Reuters
Saxo Capital Markets UK rolls out targeted spreads as gold price collapses
Danish dealer moves to encourage trading on SaxoTrader as precious metals prices fall
StanChart promotes Allington to global head of FX
Chris Allington becomes global head of FX at Standard Chartered in Singapore. Meanwhile, Neh Thaker joins as head of options and platforms
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