News
Wood trades Edgewater for Mirexa
Wood is a veteran EM currency specialist who began his career at Standard Bank in South Africa
Apac investment bank revenues at five-year low
Australasia was the best performing region across Apac in 2017, with Ficc and equities revenues remaining stable
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
Bogucki lawyers call FX case a ‘well-disguised sham’
Defence says prosecutors misused international document request to extend statute of limitations
NatWest Markets commits to FX Global Code
The bank becomes the ninth dealer listed on the public register of adherence maintained by CLS
FCA: TCA ‘unlikely’ to fall under research
Third-party transaction cost analysis fees will be difficult to include in the spread if they do not count as research costs
RBC Capital Markets: all e-FX trades subject to last look
The bank commits to FX Global Code of Conduct and publishes Ficc client notice
Manuel Astaburuaga-Torres leaves HSBC
The New York-based FX cash trader has worked at the bank since 2011
TP Icap reshuffles institutional ranks
Mark Allen becomes the division’s chief operating officer
Stipe switches from Citi to BNP Paribas
Jason Stipe was head of electronic trading product and trading services for Emea at Citi
Nex appoints Jannece as head of mid-match
Kyle Jannece was formerly an eFix benchmark specialist at the trading platform
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
BoE to authorise EU CCPs ‘at 00:01’ on Brexit day
Central bank hopes plan to preserve access for EU CCPs will be reciprocated
Peter Little to fight proposed Fed ban at trial
Lawyers for the ex-trader, who is looking at a potentially permanent ban from markets, say he is innocent and will be vindicated
Algos to blame for 2015 Swiss volatility
Bank of England staff paper analyses Swiss franc event of January 2015 and concludes algorithms were consumers of liquidity overall
Ficc revenues tank at US banks
Revenues were dampened by low volatility throughout most of 2017, among other factors
IA calls for more last look disclosures
Investment Association says venues must take more responsibility for monitoring behaviour and LP adherence to FX Global Code
Crane joins MarketFactory
Al Crane joins technology company as director of sales
DRW calls for physical settlement of bitcoin futures
Prop shop’s head of market structure says underlying spot exchanges are not transparent enough
FastMatch revenues show strong growth
FX trading platform contributes 7.2 million euros in revenues to parent Euronext in less than five months
Markets may be underpricing Brexit risk
‘We don’t see a situation where the UK is going to come out of this with a favourable deal’ – Mizuho currency strategist Sireen Harajli
SmartStream hires Kilcoyne and promotes Schiebl to COO
The two men are veterans in building and managing fintech solutions
Citi’s Sinniah set to retire, Hewson to step up
Bernie Sinniah, Citi's global head of e-FX solutions, to step down after 38 years at the bank
Alexis named new global head of FX distribution at Barclays
The expanded role covers institutional as well as corporate FX sales