News
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Flow Traders to open London office
Amsterdam-based liquidity provider says new premises are part of Emea expansion strategy
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
Societe Generale gains two in institutional FX sales
Neel Mehta and Susan Henschel join New York office
Morgan Stanley hires Haber and Falkovitch in sales
Mark Haber joins in New York while Simon Falkovitch is based in London
US attorney: all avenues exhausted for Scott’s extradition
UK Supreme Court denies appeal on behalf of US to consider overturning decision to let Stuart Scott stay in country
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
Timmons set for UK return
Laurence Timmons is due to finish his two-year secondment to Asia and head back to London
HC Tech recruits Puma and Powers
Richard Puma joins as COO and Eric Powers as head of infrastructure
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally
Avelacom connects to South Africa
Low-latency link from London to Johannesburg in under 160 milliseconds
Record launches FX guide for pensions industry
It gives pension managers insights into the risks and opportunities currencies present
Quantile adds CME to optimisation service
Quantile Technologies completes initial NDF margin-optimisation cycle with CME group
FX Cartel defence seeks mistrial after Gardiner’s testimony
Counsels claim “highly prejudicial” line of questioning from US has created “irreparable prejudice”
State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
BSO connects to Mexico
Mexico City is the latest point of presence in the provider’s expanding connectivity network in emerging markets
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
Gardiner faces cross-examination
Defence uses data and audio calls to show the accused men traded independently – piercing holes in Gardiner’s testimony
Rossi and Sellwood join Barclays
The two men will work in FX hedge fund sales
Barclays hires two for Asian NDF trading team
Bengco and Parameswaran join the bank in Singapore
NatWest Markets’ FXmicropay takes to SAP cloud
It automates currency conversion and guarantees exchange rates
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit
Calpers did not notice price discrepancies in FX Cartel case
“If I had, I would’ve said something earlier,” managing investment director tells court
BestX clients seek independence reassurance
Clients and LPs want clarity around the deal between State Street and BestX to gain confidence about the provider’s continued independence