News
Johnson trial to resume on Monday
Judge falls ill, trial to continue on Monday; on Wednesday, Dipak Khot, testifying for the prosecution, underwent six hours of questioning
Deutsche Bank's global head of FX forwards exits
Mark Lewis leaves after spending 12 years at the German bank
Nex Markets launches new analytics tool
Nex Quant Analytics will use benchmark data from the EBS ecosystem to deliver real, measurable insight for clients
FX Tape free until volumes hit $100bn a day, Galinov says
Data will be aggregated and slightly delayed
SGX hits records in rupee and renminbi futures
The exchange prints USD/CNH record on September 8 and sees INR/USD futures reach new highs on September 22
Prosecution witness Khot says he had concerns about Cairn order
Dipak Khot asked Johnson and his team to return some money to Cairn after seeing unexpected volatility
Bevan switches Citi for ING
Simon Bevan has resigned from Citi after more than six years to become lead electronic quant trader for FX at ING
Hotspot commits to FX Global Code of Conduct
CBOE-owned platform becomes the second FX venue to signal its commitment
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
BGC Financial appoints McLoughlin as Americas CEO
Shawn McLoughlin joined BGC in 2012, bringing more than 30 years’ experience in the financial services industry
Cürex launches pre-trade time-stamping
The new capability will allow Cürex’s customers to prove their compliance with Mifid II
Johnson’s lawyer brands trial a ‘governmental mistake’
On the tense first day of Mark Johnson’s trial, the prosecution claims he saw dollar signs
RBC Capital Markets partners BestX for TCA
The Canadian bank is the latest FX dealer to sign up for the transaction cost analysis service
Rodgers to testify in support of Johnson
Deutsche Bank’s former global head of FX believes Johnson followed industry practice when executing the large order
FCA: Mifid II enforcement will be proportional
While enforcement may not be immediate, participants need to show they have taken sufficient steps to meet requirements
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
Last look consultation closes, outcome uncertain
Responses to GFXC’s consultation on last look will be published before the body meets on November 14
Goldman Sachs reshuffles FX sales
Rombouts becomes co-head of corporate derivatives for Emea with Alessandro Dusi; Crook and Murciano co-head FX sales
Hadingham swaps Societe Generale for Nomura
SocGen's former co-head of real money sales for Northern Europe is set to join the Japanese bank next year
Investec joins TraderTools liquidity network
Specialist bank gains access to more than 60 liquidity providers
BIS warns of $13 trillion hidden debt hole
Trillions of dollars of FX derivatives are not being accounted for when calculating the level of debt in the global economy
Ramirez joins Macquarie's FX sales team; Orefice swaps
David Ramirez joins from Citi while Michael Orefice exits to become MD at Fifth Third Bank in Nashville
BNP Paribas hires Shah as global head of G10 FX trading
London-based Shah will report to Adrian Boehler, global co-head of FXLM and commodity derivatives
London Stock Exchange Group boosts LCH stake
LCH’s activity has ballooned over the past 12 months, with its ForexClear platform clearing more than a trillion dollars’ worth of non-deliverable forward trades in August