News
US seeks seven-year minimum prison term for Mark Johnson
Defence disputes whether Cairn Energy suffered a loss as a result of Johnson’s misconduct
IPC appoints new chief executive
Robert Santella will succeed Neil Barua in mid-April
Stater Global Markets broadens trading venue choice
Clients can now access liquidity from Cboe and FastMatch
Cboe creates markets division to leverage talent pool
Andy Lowenthal and Bryan Harkins will run the new division
Mitsui & Co begins settling trades through CLS
It is the first Japanese corporate to join the service via third-party access
Currency movements helped US and Latam investors in 2017
A new report from Natixis shows a weaker dollar helped investors outperform their European peers
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
John Williams named president of New York Fed
Candidate proved contentious on diversity grounds, but brings deep macroeconomic experience
Barker joins Sucden Financial
Darren Barker was previously at RJ O’Brien, which closed its FX business earlier this year
Guganeswaran and Burrell leave Citadel
They worked together at the hedge fund and at Barclays
Philippines bankers partner Bloomberg on FX initiatives
Bloomberg has been selected as the calculation agent for USD/PHP and bankers will use FXGO for spot trading
Brokers see mixed impact from Esma crackdown
Several brokers believe Esma’s decision will be good for retail investors, while others expect a flight to more lenient jurisdictions
Renminbi’s share of global payments slides in February
It falls two places to become the seventh most-used currency for global payments, according to Swift
US DoJ changes tactics in Bogucki case
US attorneys will use bank fraud laws to pursue the former currency trader, extending the statute of limitations
Dollar set for corrective rebound, says Morgan Stanley
Seasonal factors likely to push greenback higher as end of Japanese fiscal year nears
Boards approve CME’s £3.9bn offer for Nex
The boards of the two firms give unanimous green light to cash-stock transaction
London Block Exchange adds ripple
Ripple becomes fourth cryptocurrency offered by newly created London Block Exchange
Sada-Paz to start at Barclays on July 2
Mauricio Sada-Paz quits Bank of America Merrill Lynch to become global head of e-Ficc at Barclays
UK corporates lose out as sterling slides, study says
Importing firms see average profit loss of 12% following Brexit vote, finds Western Union
BoE: reasonable to expect passporting rights until 2020
Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period
CLS volumes hit record high in February
Pickup in participation from buy side contributes to growth in volumes
Esma bans binary options, cracks down on CFDs
New measures aim to improve security and protection for retail FX investors
HSBC debuts RMB hedged share class for Ucits
Asset manager started offering the class for its global investment funds on March 23
Sarasini promoted at smartTrade
Annalisa Sarasini becomes chief business development officer