Citi
Keeping the robots honest
Human overseers are in short supply in an arena where losses can be crippling within minutes
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
Swiss regulator hunts for hints in Credit Suisse FX probe
Five banks fined, two acquitted as Comco closes market-rigging probes
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
FXPBs over-allocating credit to algo and high-speed trading
Thinly capitalised trading firms are an accident waiting to happen while dealings on multiple venues make credit limits hard to set, claim market participants
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
European Commission fines five banks €1.07 billion for FX rigging
Cartel members co-ordinated trading strategies and exchanged client information
Industry pushes back on Citi’s FXPB cost claims
Rivals question apex brokerage’s calls for executing brokers to make up mispricing shortfalls caused by incoming rules
Ashton lands at Corellian Global Investments
After successfully fighting price-rigging charges in US, Christopher Ashton educates market participants on conduct issues
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
US bank Ficc revenues rebound in Q1
US banks saw triple-digit growth in Q1 compared with Q4, but Ficc revenues remained lower than a year ago
FXPB global head Knight exits Citi after 18 years
Banamex veteran Brachet is also leaving the bank
Citi sets up pricing engine in Singapore
Move by US bank consolidates city-state’s position
Capitolis onboards more than 20 firms to FX novation service
Platform live and novating FX options for market participants, with more instruments to follow
The ‘Cartel’ three: not guilty, but still paying a penalty
Despite their acquittal, the former FX traders face obstacles in trying to rebuild their careers – meaning the DoJ didn’t fail, says one expert
Perkins promoted to lead FXPB as Citi shakes up prime
Christopher Perkins also runs the US bank’s OTC clearing business
Gill to head Asia-Pacific G10 FX trading for Barclays, Singapore
UK bank’s second senior FX hire in as many months in the city-state
US banks’ Ficc revenues nosedive in Q4 2018
Biggest drops seen between third and fourth quarters last year
Citi names Livingstone as Emea chief executive, Lathrop heads CBNA
Both men assume the roles of retiring chief executives
Leung joins State Street algo team
Mary Leung moves to the bank from Deutsche Bank
JP Morgan triumphs at 2018 FX Week Best Banks Awards
US dealer keeps top place, after taking the crown from Citi in 2017
Best Banks Awards: Citi
Citi comes second overall, picking up seven accolades, at the 2018 FX Week Best Banks Awards
Johns swaps Nomura for Capula
William Johns worked at the Japanese bank for seven years