News
NFA demands $3.3 million from FXDD
Regulator forces margin forex broker to set aside funds to meet client repayment fines ahead of guilty verdict
FXCM promotes Hampton to head options sales
Anoushka Hampton has been appointed global head of FX options sales at FXCM in London
360T Americas chief executive departs
Philip Harris has left the FX trading platform provider after four years
LMAX management team buys majority stake from Betfair
Management buyout will give LMAX Exchange the necessary flexibility to evolve into a leading FX venue within three to five years, says chief executive David Mercer
JP Morgan Private Bank hires Barclays FX strategist
Sara Yates joins JP Morgan as global currency strategist for the private banking FX and commodities business
Trading places, December 10, 2012
New hires at Integral, the SEC, Chi-X Australia and the DTCC
SuperDerivatives to launch low-cost market data platform
DGX is aimed initially at corporates, private banks and investors, and will provide low-cost market data across all asset classes
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
Global co-head of spot to leave Deutsche
Greg Knight, Deutsche Bank's global head of FX spot, is leaving the bank and will be replaced internally with immediate effect
EBS volumes down in November
Average daily spot volume on EBS was $103.8 billion, down 28% year-on-year
Aussie dollar remains strong after RBA rate cut
The Australian dollar rallied after the RBA rate cut on Tuesday and strategists expect interest rates to remain at 3% for the next six months, supporting further strength
HSBC echoes call for greater official focus on offshore RMB
The FX market's fixation on the crises in the West has led participants to miss out on opportunities in offshore renminbi, and governments should give greater support to the currency’s development, HSBC believes
Emir clearing deadlines remain a challenge, industry warns
Preparing the necessary documentation for client clearing can take many months and could delay clearing under Emir, warn banks and clearing houses
ADS Securities targets HFT with new FX platform
New platform white-labels FlexTrade's systems and is pitched to high-frequency and high-volume traders
Bank of England must promote RMB trading, warns Chinese official
A swap line between the central banks of the UK and China would be a key step towards the growth of offshore renminbi, a former official of the People's Bank of China said yesterday
US regulators fine forex trading companies $1.8m for fraudulent retail FX trading scheme
New York court fines three companies and bans them from trading in off-exchange market
RBS hires FX options head for Americas
Appointment follows the recent departure of Ian White, who joined Nomura as senior FX options trader on November 19
DealHub salesman joins Tullett Prebon
Veteran of Morgan Stanley and DealHub has joined Tullett Prebon to work on the Chapdelaine desk
Head of spot trading exits CBA
The Australian bank has parted company with its London-based head of FX spot trading after 23 years
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader
GFT exits retail FX in US and Japan
Retail broker remains in a strong financial position with sufficient regulatory capital, says chief executive Gary Tilkin
EBS a ‘natural fit’ for ClientKnowledge, says CEO Trenner
EBS has acquired FX advisory firm ClientKnowledge and chief executive Justyn Trenner will become global head of EBS liquidity optimisation services
Saxo Bank appoints new head of FX
The Danish bank has promoted internally to fill the role of global head of foreign exchange, following the departure of Ted Voorhees
Agency execution model gains favour for FX trading
Under pressure from new regulations that will constrain balance sheet usage, the agency model is becoming increasingly popular with banks, but agency desks won't escape forthcoming hikes in cost