News
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar
Baton hires Choussy as it eyes scale and client expansion
Choussy has been appointed president and chief operating officer
Vitale promoted to global head of FX markets at BNY Mellon
He replaces Adam Vos, who has been promoted to head of BNY Mellon Markets
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
Caplin introduces cryptocurrencies on trading platform
Technology firm seeks to copy elements of FX trading while capturing crypto-specific features
Girolami to replace Pluves at LCH
Isabelle Girolami will start as LCH's chief executive on November 1
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
Dual IM relief may slash 2020 docs burden by 90%
Isda sees around 8,000 counterparty relationships lifted from phase-five repapering
LMAX to launch matching engine in Singapore
London-based firm is latest to join plans to transform the island into global risk centre
Nayyar trades Deutsche for Segantii Capital
Varun Nayyar will trade rates, FX and short-term interest rates for Hong Kong-based firm
Sharma joins Tudor Investment Corporation
Nikhil Sharma started his career as an equity derivatives trader at Merrill Lynch in 2007
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
US banks see Ficc earnings drop in Q2 2019
Results subdued due to depressed volatility and low client activity
Gary Leung joins State Street Bank in FX trading
Leung moves from the Bank of China
State Street hires Harry Xu for Asia FX
Xu joins in Boston from Nomura in New York
Tariq Haider heads to Drax
Former BAML FX salesman returns to New York for post
IM big-bang split confirmed with new $50bn threshold
Addition of sixth compliance phase looks set to slash September 2020 in-scope entities by more than half
Hyperinflation looms as Zimbabwe struggles to stabilise currency
Official inflation almost doubles as economic threats remain
St Louis Fed warns of rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
Boas Bondesen joins BidFX in Nordic sales
Bondesen spent six years in FX sales at FlexTrade
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”