News
BoE paper examines exchange rate return distribution tails
Authors look to understand exchange rate risk in global cycle
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Ziccarelli switches from CLS to Symbiont
He joins the tech provider to help financial institutions adopt blockchain
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
Warner moves to INTL FCStone in FX trading
After almost 24 years at Citigroup, Toby Warner switched firms in July
Mellor swaps Nex for Refinitiv
Nex Group’s former chief marketing officer joined the firm earlier this month
BIS: FX volumes rise to $6.6 trillion, London trading soars
While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
BoE’s Hauser urges firms to adapt to FX market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
Trade reject codes lack clarity – BoE official
Schroders and BoE criticise mish-mash of codes, as Investment Association presses for standardisation
Ridewood joins Adrian Lee & Partners
Atreaus Capital founding partner joins currency manager after closure of hedge fund
City Index: yuan likely to weaken as US-China trade war drags
China could depreciate its currency further if tensions escalate
Johnson loses appeal in HSBC frontrunning case
Case relates to $3.5 billion fixing transaction that HSBC executed on behalf of Cairn Energy
BNPP enhances Cortex with on-the-fly controls and personal assistant
French bank brings SDP into new era with suite of interactive trading controls
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Eurex to launch cross-currency swap clearing ‘within weeks’
Clearing service will target dealer-to-dealer trades before later rolling out to clients
Boehler joins UBS as global head of FX distribution
BNP Paribas’ former co-head of FXLM and commodity distribution moved this month
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
Tradefeedr partners Goldman Sachs, UBS and XTX Markets
The Tradefeedr tool aims to replicate analytics used by banks and large market-makers when pricing counterparties
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
Soliman moves to retail FX broker GMO-Z.com for institutional push
Former Stater Global Markets chief executive says GMO-Z.com has potential as disruptive institutional offering
Margolis moves to JP Morgan Private Bank
Citi’s former global head of FXLM bank sales joined the firm this month
Shing becomes sales director at Euronext FX
Former RBS FX sales specialist also worked at FXall and Bloomberg
BidFX recruits Wai Kin Chan
Morgan Stanley’s former head of e-FX, bank sales and prime brokerage for Asia-Pacific joined earlier this month