News
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
David Puth steps down as chief executive of CLS
CLS board chairman Kenneth Harvey will assume the post until a replacement is found
US attorneys deny ‘shielding’ Cartel witness
US antitrust attorneys say they were merely discussing how to proceed with its case
Consolidated feeds cost industry $1.4bn a year, survey finds
Despite the growth of direct data connections, spending on consolidated feeds is set to rise, Greenwich Associates finds
Need for security drives cloud adoption, says survey
The share of cloud spend in financial firms’ IT budgets is set to rise to 47% by next year – up from 30% now
BidFX joins MarkitServ’s FX network
The firm expands range of post-trade processing services it offers clients
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Bria joins LiquidityEdge as COO
Andy Bria joins LiquidityEdge, founded by ex-Icap chief David Rutter and headed by Nichola Hunter
Scott joins Spark Systems as adviser
Paul Scott spent nearly a decade at Commerzbank in senior roles
Read and Walsh swap Deutsche for BNPP
Both men have joined the French bank’s institutional FX sales team
Landazabal joins GAM as global head of trading
Juan Landazabal moves from DWS Group
Allston Trading picks Corvil for analytics
The electronic market-maker seeks to optimise its systems and infrastructure for better execution outcomes
Johnson appeal supported by two amicus briefs
Criminalising legitimate pre-hedging when the dealer acts as principal will lead to rising costs and decreased liquidity
CLS settlement will migrate to new platform in 2020
The infrastructure provider will launch the new venue based on its own technology next year, with service migration planned for May 2020
Deutsche Börse boosts FX data offering
The new streaming service will cover FX spot and swaps
Barrow joins Nex’s Enso as head of Emea
Chris Barrow moves from Brown Brothers Harriman
Birmann returns to NatWest Markets
The forwards trader had a short stint at Credit Suisse before coming back to the UK bank
Verdellet joins MarketFactory in London
Sophie Verdellet will be responsible for account management and customer service in Emea
BNP Paribas promotes Litwak to global head of FXPB
Until now, Nathaniel Litwak was head of FXPB for the Americas at the French bank
FXall launches analytics tool
FXall launches the Trade Performance Analytics tool, which will be rolled out on other Thomson Reuters platforms in future
Central bankers continue to struggle with crypto
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Bogucki lawyers subpoena HP’s trading data
Effort comes after the court denies another attempt to dismiss the superseding indictment against Bogucki
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
Edgewater launches Latam FX venue
LatamFX.Pro will aid price discovery in the Mexican, Chilean, Colombian and Argentine peso, the Brazilian real and Peruvian sol