News
BestX launches reporting module, partners NAB
The Australian bank is the latest FX dealer to sign up for the transaction cost analysis service
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
Horkan becomes chief operating officer at LCH
John Horkan will retain his role as head of LCH North America
Robson joins Goldman Sachs in sales
He was formerly a vice-president in AES FX sales at Credit Suisse
Wells Fargo appoints Sara Wardell-Smith as head of Americas
Former global head of FX sales and trading will lead the bank’s financial institutions group
‘So FX is now illegal’
Mark Johnson's guilty verdict and the decision to extradite Stuart Scott raises personal risks for FX market participants
ECU and HSBC clash over data
ECU wants the bank to hand over data relating to three stop-loss orders, executed in 2006, in a pre-action disclosure application
US Treasury declines to brand China a currency manipulator
In its second report on FX policies since Donald Trump took office, the US Treasury only criticises China, despite campaign promise
Renminbi payments lag Canadian dollar
China's currency loses fifth place as overall share shrinks again – Swift
China’s party congress hints at new PBoC chief
Contest narrows to Guo Shuqing and Jiang Chaoliang
Maguire becomes chief executive of LCH Group
He steps into his new post immediately, following Suneel Bakhshi's decision to step down
Cobalt chooses Solace for post-trade information processing
The move aims to guarantee incoming messages can be processed consistently, especially during bursts of heightened market activity
River and Mercantile opts for OTCX
Asset manager seeks to digitalise and optimise its OTC derivatives processes
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
FCA fines Merrill Lynch £34.5m for Emir reporting failures
First penalty issued by FCA for breaching Emir reporting requirements
Guilty verdict returned in Johnson case
Jury finds Mark Johnson guilty of conspiracy and eight counts of wire fraud
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
'End this nightmare,' says Johnson's defence
In his closing arguments, defence attorney John Wing tells jurors the prosecution failed to show evidence to support their claims
Baton joins Nex Infinity as first third-party provider
High-speed payments firm offers its service on the Infinity platform
EU and US regulators agree on margin equivalence
As the regulators take a common approach, Mifid II-regulated venues look set to be exempt from Sef registration requirements
Prosecutor alleges ‘bonanza of lies’ in closing argument
Prosecuting attorney says Mark Johnson used his superior knowledge to take advantage of Cairn Energy
SGX launches US presence in Chicago
Asian exchange opens US operation to build on extension of offshore trading hours on SGX in late 2016
Hotspot rebrands as Cboe FX
As its parent company becomes Cboe Global Markets, following CBOE’s acquisition of Bats Global Markets
Bank of China HK signs up for Thomson Reuters FX Trading
FXall and Electronic Trading are now available on Thomson Reuters’ desktop platform, created in 2015