News
LCH and Moscow Exchange sign up to Code
The clearing house and exchange pledge to abide by the FX Global Code’s principles when conducting business
Yu-Jer Sheu takes over as Taifex chair
He was Taiwan’s finance minister between May 2016 and July 2018
Goldman Sachs’s Temelkuran to join BNPP
Baris Temelkuran set to become global head of G10 FX options trading
Rise of the cyborgs: tech remakes the front office
Dealers “have no choice” but to change, says UBS’s Orcel – and plenty of changes are coming
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
BNY Mellon taps Moumdjian for global FX sales role
BNY Mellon unifies its global sales team under the leadership of Harry Moumdjian in the newly created role of global head of FX sales
FX Connect rolls out automated order routing
New functionality allows buy-side traders to automate execution according to pre-set rules
Flow hires van Eck
Joeri van Eck joins from Goldman Sachs
Fred Boillereau leaves HSBC, Badhwar moves up
HSBC separates FX & commodities from global markets corporate services, with replacement for Boillereau to be announced
Lawyers poke Fotheringhame on last day of hearing
Issue of whether trust between Barclays and former employee has irretrievably broken down is key focus on day four
Steck trades TD Securities for RBC
Currently on gardening leave, Tonia Steck is expected to start her new role in September
Central bank digital currency a ‘terrible idea’, US Congress told
Move to central bank cryptocurrency would make Fed “overwhelming credit allocator” – researcher
Fotheringhame battles to get job back
David Fotheringhame fights for former role at Barclays in four-day remedy hearing, months after winning unfair dismissal claim
Nex and JBond launch first Japanese repo index
Index will help investors measure the effective cost of funding for Japanese government bonds
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
Rohra swaps Citi for Citadel Securities
Pooja Rohra spent nearly three years at Citi in an e-FX sales role before joining the market-maker
SEB’s Hellstrom joins Swedbank
Par Hellstrom was a senior FX quant trader at SEB
FXTM hires Webster as chief commercial officer
Alexis Webster joins Cyprus-based retail FX broker from Gain Capital
FSB launches crypto asset-monitoring framework
Metrics will focus on the financial stability risk of the cryptocurrency market; much of the data will be pulled from public sources
China’s FX reserves unexpectedly inch higher in June
Total reserves stockpile increases by $1.5 billion against the backdrop of a weaker yuan and escalating trade dispute
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
Crypto revolution creeps slowly into institutional space
While cryptocurrencies have taken the retail world by storm, institutional investors stay cautious