News
Renminbi's share of payments rises slightly in May
China’s currency regains position as sixth most used currency for global payments in May, with 1.61% share – Swift data
Hong Kong launches fintech association
The independent group aims to be the voice of the financial technology community in the territory
BoE warns of potential disruption to clearing business for EU firms
Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies
Li and Lombardi join Credit Agricole CIB
The bank makes two senior hires in its global markets research division in New York
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
Fritschi joins Banca IMI in London
Remo Fritschi previously worked at ADS Securities in the institutional sales team
Caxton launches multicurrency account for SMEs
The new service provides access to 34 currencies with a single IBAN number
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
EBS hires D’Souza for India
Jaison D’Souza joins from FXall and will report to Patrick Nagel, global head of buy-side sales
Louisa Kwok to exit ADS Securities
The broker's head of PB sales and product decides to leave less than a year after joining
Thomson Reuters expands 25ms binary data feed to 15 more pairs
A total of 18 currency pairs are now eligible for the feed
Emmanouil Lemonakis leaves Saxo Bank
After 11 years at the Danish bank, Emmanouil Lemonakis becomes head of international sales at IbanFirst
Saxo Capital Markets exits CFD lobbying group and sides with FCA
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products
Jefferies hires three for FX team
The appointments come as the New York-headquartered bank strengthens its electronic trading capabilities
Commission should have power to order CCPs to relocate to EU – Cœuré
The power would be one among many, says ECB executive board member
Andersen heads up trading at Standard Chartered
Jens Andersen was most recently a managing director and global head of strategic trading at Morgan Stanley
JP Morgan wins appeal ruling against Patrice Ktorza
UK appeal tribunal sends Ktorza's lawsuit for unfair dismissal back to employment tribunal
Thomson Reuters partners Symphony to take on Bloomberg
The partnership aims to create seamless integration of powerful communication and collaboration capabilities across markets
Curex introduces microsecond time-stamping
New capability goes beyond the non-HFT millisecond requirement called for by Mifid II
IPC brings Unigy to small buy-side firms via the cloud
Unigy 360 is targeted at companies for which on-site solutions are impractical
Silvana Tenreyro picked for BoE monetary policy committee
LSE academic will take over from Kristin Forbes as external member of the MPC at the end of June
Markit expands FX team with Crooks and Singh
The two experienced foreign exchange professionals will be based in London
Sapir heads up liquidity management at TraderTools
Moti Sapir’s promotion makes him responsible for all of the firm’s bank and non-bank liquidity provider relationships
Banks turn to synthetic derivatives to cut initial margin
Options-based instruments can halve initial margin for some non-cleared products, say dealers