News
James Taylor joins BNY Mellon
Taylor is a key hire for the bank whose markets business is undergoing an FX transformation
Active managers outperform in first half of 2017
Moderate risk portfolios outperform 60/40 portfolio represented by S&P 500 & Bloomberg Barclays US Aggregate Bond Index
Former RBS staffers Barnes and Richardson launch FX consultancy
Mark Barnes and Jason Richardson set up FX Xperts, focusing on front-office services in EMFX
G10 FX revenues sink to lowest since 2006 – Coalition
Revenues in H1 2017 fell to their lowest level since Coalition launched its Investment Banking Index in 2006
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits
Renminbi’s share of global payments rises slightly in July
China's currency retakes fifth place, but its overall share shrinks again, Swift says
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
ADS Securities rolls out bitcoin CFD trading, upgrades platform
Product available to broker's Mena clients on MT4 platform; new version of Orex includes spread-betting for UK clients
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September
BNP Paribas partners BestX
The French bank is the latest FX dealer to sign up to the firm's TCA services
JP Morgan clears first client NDF trade on ForexClear
The trade comes ahead of this month's widened bilateral margin rules
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
Van Zegveld to exit Solid Trading
The Dutch ECN's head of business development leaves after four years
Michelmore to become Apac head of buy-side sales at EBS
Based in Singapore, Michelmore will continue to report to Patrik Nagel, global head of buy-side sales
Watson joins Tradition as global head of market data sales
The former chief executive of ADS Securities Europe moves to broker Tradition in London
Mark Johnson's trial to start on September 25
Jury selection to begin in alleged front-running case; judge postpones original date by a week at status conference hearing
Woods swaps BNP Paribas for Morgan Stanley
Ciaran Woods remains in FX sales, but moves from London to Hong Kong
Trade barriers could see RMB weaken in retaliation – panellists
China dealt with unpredictability of US administration by letting RMB appreciate, but a trade barrier could reverse this trend
SocGen appoints Dumas for institutional sales role
Florian Dumas joins Societe Generale from BNP Paribas in newly created Asia-Pacific role
Singapore to play leading role in GCC adherence, Loh says
Speaking at FX Week Asia, Jacqueline Loh stressed the importance of adherence to the FX Global Code of Conduct
DoJ fears FX civil suit may compromise criminal cases
It moves for judge to stay staff depositions at seven banks for fear of witness intimidation
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
O’Hara promoted to head of PB and clearing, Americas at SocGen
John O’Hara will retain FXPB and clearing responsibilities