News
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Lulay becomes chief executive of GFT
The passionate technologist has been the firm's chief operating officer for 15 years
Jaatinen leaves Commerzbank
She provided structured FX solutions to global corporates and investors at the German bank
BSO expands Asian connectivity with new Singapore and HK routes
The provider has also boosted speeds by up to 10ms in certain segments of its network
Gentle out and Diehl in at UniCredit
Gentle follows a raft of traders who have left the Italian bank's FX business in recent years
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
FastMatch to hike rates from July
Following its $153m acquisition by Euronext, the platform has a clear path to expand into Europe and Asia
Dinneny to drive b-next growth in Americas
He joins from Thomson Reuters, where he headed the compliance, surveillance and derivatives team
Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Bhatti joins Lloyds’ markets team
Omer Bhatti has held various positions in Ficc risk mitigation for several years
Silverman to lead first ECN launch in three years
The new spot FX venue, Fenics FX, comes from BGC Partners, with Hotspot co-founder Howard Silverman at the helm
Nomura hires Pio for sales role
Jeff Pio left Barclays in January
BNPP fine creates mark-up headache for Street
NYDFS fines the French bank $350 million, partly due to using hidden mark-ups
Egger joins FastMatch from Citadel Securities
He will become the platform’s head of sales for the Americas, with a particular focus on the buy side and hedge funds
Blau leaves Barclays to join HSBC
Russell Blau will focus on global macro fund FX sales in his new role
Renminbi’s share of global payments slips behind Swiss franc
Decline in the Chinese currency’s internationalisation continues as it loses its ranking of sixth place globally – Swift
Eagle leaves JP Morgan
David Eagle had worked at the US bank since 2015
Broadway Technology aims to expand FX footprint
Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
LGIM's former head of trading joins Ipreo
Stephen Grady, ex-global head of trading at Legal and General Investment Management, takes fintech role
The FX Global Code of Conduct webinar
Guy Debelle, Simon Potter, David Puth and Chris Salmon discuss the GCC on the day they launched the principles
FX Global Code gains support from Barclays
UK bank says it is committed to implementing the good practices described in the Code
Cudahy crosses over to Curex
The veteran FX salesman will be a managing director, focusing on business development