News
Cartel dismissal hearing postponed again
Originally scheduled for January 29, the court date was kicked back to February 14 and has now been postponed again until March 26
Citi to hire technologists for London innovation hub
The London lab will initially employ 75 people
Volumes surge on Thomson Reuters FX venues in January
Total ADV amounted to $432.1bn, of which $107.9bn was spot turnover
UK regulators zoom in on algo trading
FCA and PRA launch co-ordinated push to improve risk management and governance of algorithmic trading
Bailey appointed FSCS chair
The FSCS is the compensation fund of last resort, protecting consumers in the event of an authorised financial services firm failing
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
Grosso becomes global head of spot FX at Citi
Andrew Grosso steps into the role left by Richard Bibbey, who first held the post when it was created in 2014
CLS launches FX forecasting tool
The new data product will give market participants indications of future price moves, based on CLS historical data
2018 FX Week e-FX Awards dates announced
The four-week submission period runs from March 21 to April 18
Russell Investments calls on peers to commit to FX Code
Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
Ullrich returns to State Street
David Ullrich will lead North American sales for FX Connect
China launches CNY/THB on CFETS
Moving interbank trading in the pair to onshore markets aims to support initiatives such as Belt and Road
Patrick Fleur to join Solid FX as chief executive
Dutch pension fund PGGM's former head of trading and execution takes on new role at the ECN on March 5
China’s FX reserves rise for twelfth month
PBoC figures show $21.5 billion increase, bringing total reserves stockpile to highest level since September 2016
Renminbi payments drop in December
The Chinese currency is once again the fifth most-used for global payments – Swift
Thomas joins FlexTrade as VP for Americas FX development
Paul Thomas is the latest hire for the firm as it bolsters the top management of its business development team
BIS: central banks must act on cryptocurrencies
Agustin Carstens warns against proliferation of cryptocurrencies without regulatory framework
Online investment fraud increasing, warns FCA
Under-25s are six times more likely to trust an investment offer made via social media compared with those aged 55-plus
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Blockchain-based tool offered by smartTrade
Clients will be able to subscribe to the new service and access it through an open API
Johnson’s sentencing delayed until March 8
Former HSBC senior banker can spend more time with family in the UK before returning to the US by March 1
BoE and six EU central banks sign up to FX Global Code
UK central bank formally commits to FX Global Code of Conduct, following ECB and 14 peers
UK PM opens London-China FX link with R5
During state visit to China, Theresa May announces the link allowing Chinese banks to trade FX offshore is live