News
BIS annual report warns of big tech threat to banks
Basel-based body wants “level playing field” for banks and tech firms as Facebook enters payments space
Tradition preps new data platform
Broker to launch product to enhance FX cash and derivatives coverage
Mishra promoted at Commonwealth Bank of Australia
Former Deutsche trader becomes head of Apac Stir trading in Sydney
LSEG provides tools to another crypto exchange
On top of AAX deal, LSEG is doing design study with second crypto market about to launch
Keeping the robots honest
Human overseers are in short supply in an arena where losses can be crippling within minutes
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
Clark and Bradley join Millennium Global
Currency manager makes senior hires as it expands global footprint
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
Facebook unveils new ‘currency’
Social media group plans to “reinvent money” with payment system backed by liquid reserves
Crédit Agricole’s head of FX options departs
Andrew Soper leaves French bank to pursue other opportunities
Fleischmann switches Crédit Agricole for Tradeweb
At the French bank she was global head of e-sales, fixed income and FX
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
Asset managers urged to commit to FX Global Code
Firms risk hit to reputation by not signing standards on market practice, investment manager says
Stamos Fokianos joins ICBC Standard Securities
Former global head of e-business at Credit Agricole moved in May
ECB: EU must improve capital markets to boost euro as global reserve
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy, says Cœuré
Wells Fargo: UK Conservative leadership race will hit sterling
Hardline victor could weaken pound after Conservative party vote, says Erik Nelson
NAB hires Pieri for FX derivatives trading
Former Nomura and RBS trader joined in May
Could CFTC bring back Reg AT?
CFTC's new chair could reopen the controversial algo-trading rules – if he gets time