News
Esma to restrict promotion of CFDs from August 1
Under new rules, retail FX brokers will need to provide prominent warnings on the risks involved in CFD trading
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
Patrick Salis to replace Hodgkiss as AxiCorp CFO
Simon Hodgkiss becomes chief risk officer
IBM and Avaloq to build Swiss cloud
Swiss Banking Cloud could be ready to on-board new clients in second half of 2018
DTCC adds two to the board
BNPP’s Claudine Gallagher and Virtu’s Joseph Molluso are the newest additions to the 20-member board of directors
Grise out, Colantone in as head of FX sales at JP Morgan
Mike Grise’s departure comes after an eight-year tenure as head of FX sales, Americas
Four join CLS board
Bonamy, Brady, Lawrence and Stolte become directors
MarkitServ connects to Asigna for clearing Mexican peso
New connection enables a standardised workflow and connectivity for clearing Mexican peso TIIE 28 swaps
TraderTools commits to FX Global Code
Yaacov Heidingsfeld says the firm supports the goals of the principles
Germany or Brazil most likely to win World Cup – UBS
A report, ‘Investing and football’ from UBS Wealth Management’s chief investment office, assesses team prospects at the tournament
HC Tech hires Chevalier
Mike Chevalier joins the Chicago-headquartered trading firm in London from Deutsche Borse
Jefferies hires Malin and Hart
Rob Malin joins e-FX sales, reporting to Tom Robinson, while Dan Hart will be part of the FXPB team
Banco Monex becomes first Mexican member of CLS
The bank is the only CLS settlement member in one of Latin America’s largest FX trading centres
Nex eFix adds Bloomberg benchmarks
Nex chief Seth Johnson says the platform has seen significant customer demand for BFix rates
Nex Treasury’s Meadows to retire, McHugh to take over
State Street’s Peter McHugh will join Nex to take up the mantle
360T buys GTX
The move will expand 360T’s footprint in the liquidity provider-to-liquidity provider space and financial institutions segment
New York Fed commits to FX Global Code
It promises to conduct its currency business in a manner consistent with the set of principles
GFXC launches Global Index of Public Registers
The index creates a single access point to all of the public registers tracking firms that have signed statements of commitment
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
Caplen joins Mosaic as CFO
He is a financial industry veteran who formerly worked at Icap
Obituary: Cian Burke, HSBC veteran
The head of HSBC's securities services passed away at the weekend in a tragic accident
Capitolis to go live with FX novation service
Following the launch of the credit-switching service, Capitolis is set to go live with novation in partnership with BlueCrest, Brevan Howard, Citi and HSBC
Chinese crypto research puts ethereum in first place
Ethereum ranked number one in public blockchains while bitcoin is ranked only 13th