News
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
First all-RFR cross-currency swap traded
Goldman Sachs and Morgan Stanley strike landmark €STR v SOFR trade
Avelacom adds multi-cloud connectivity for crypto traders
Direct links set up in each location “jump” from points of presence to a cloud in under a millisecond
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
Price changes expected as uncleared margin rules bite
Panellists urge buy side to install lifecycle management tools to calculate margin and reconcile payments with brokers
Global head of FX Karlsson leaves Danske Bank
Amid a recent slew of FX layoffs, he exited the bank in November
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
360T launches streaming NDFs
Technology is designed to facilitate entry of bank algos into growing non-deliverable forwards market
SVB Financial Group invests in TickTrade Systems
Parent company of Silicon Valley Bank partners Toronto-based fintech to strengthen FX offering as client base goes global
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”