News
Oanda names Niebank as global head of product
The 21-year industry veteran has spent his entire career with CMC Markets
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
OKEx expands crypto derivatives offering
Malta-based digital asset exchange upgrades trading architecture, with eye on futures and options trading
FX sales specialist Cifuentes joins BitGo
Formerly at Cboe Global Markets, Andres Cifuentes also worked in prime brokerage at JP Morgan and Morgan Stanley
Green FX hedging tipped to grow after BNPP/Siemens Gamesa deal
If the energy company misses ESG score it will pay a “sustainability premium” towards forestry projects
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will consider using wholesale CBDC for tokenised asset transactions
Greater exchange rate flexibility warranted in Peru – IMF
Limiting interventions would help reduce dollarisation further, says fund
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Chile’s FX intervention likely to stabilise peso
But much depends on the reform programme the government chooses to adopt
Instinet launching FX agency trading business
Execution services arm of Nomura prepares agency-model e-trading platform for spot FX
Buy side still not adopting FX Global Code – Debelle
FX committee wants asset managers to embrace standards; shifts focus to algo trading
Mani joins Barclays in macro trading
Rahul Mani’s banking career has spanned Credit Suisse, Morgan Stanley and Nomura
Chile to sell $400m a day in first week of FX interventions
Central bank selling $200 million in spot market and $200 million in 30-day forwards
Oanda appoints Grant as COO, Asia-Pacific
David Grant joins from Gain Capital with 20 years’ experience in the e-trading industry
Webber joins XTX from BNPP
Now a member of the non-bank liquidity provider’s global distribution team, Andrew Webber spent most of his FX career as a quant trader
Maheshwari becomes COO and head of Asia-Pacific at Fluent Trade
Previous role was head of relationship management and FX transaction sales at Thomson Reuters
Avelacom reduces London to Hong Kong latency to 150ms
Improvements to the firm’s network are part of its increased focus on Asia
Chile launches biggest FX intervention in 20 years
Chilean peso has fallen by 14% against dollar since mid-October amid massive street protests
Artificial intelligence in FX ‘may be hype’
Relevance for AI in foreign exchange does not stack up compared with other classes
Westpac: pound rally to continue as hopes for Brexit breakthrough rise
As polling leans towards Conservative majority, the bank warrants outright long cable positions and expects pound surge
Brazil sells dollars as real falls to record low
Currency declines 11.3% against dollar since July, as central bank cuts interest rates by 150bp to new low of 5%
Credit Suisse hires Fuligni in FX sales
Hire comes as Swiss bank invests in platform and markets franchise
Oanda bolsters leadership team
Mark Chesterman named head of trading, Kurt vom Scheidt becomes chief operating officer
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks