Citi
Four join CLS board
Bonamy, Brady, Lawrence and Stolte become directors
Jefferies hires Malin and Hart
Rob Malin joins e-FX sales, reporting to Tom Robinson, while Dan Hart will be part of the FXPB team
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
Caplen joins Mosaic as CFO
He is a financial industry veteran who formerly worked at Icap
Capitolis to go live with FX novation service
Following the launch of the credit-switching service, Capitolis is set to go live with novation in partnership with BlueCrest, Brevan Howard, Citi and HSBC
FX lawsuits: the roundup
The number of cases related to conduct in foreign exchange markets has multiplied. Here is our handy guide to developments so far
Haider set to exit BAML
Tariq Haider will leave his FX institutional sales role in London
DoJ indicts another FX trader on price-rigging charge
US says Akshay Aiyer conspired with other New York-based traders at rival banks to fix prices in Ceemea currencies
European banks face FX volatility on bail-in ratios
Use of funding in foreign currencies creates new risk, especially in non-eurozone countries
FX Cartel loses bid to dismiss criminal case
Judge says SFO investigation was a sign the currency traders could be prosecuted somewhere
Citi reshuffles FX options team
Two options traders leave London and a new corporate salesperson arrives; Singapore office gains new options head
SGX invests in Cobalt
Asian exchange’s investment reinforces those made by Citi and others over the past two years
Bogucki hearing scheduled for May 23
Defence lawyers are set to argue that the charge is time-barred and not applicable to this case
Johnson sentenced to two years in prison
Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument
Capitolis goes live with credit switching
The technology firm led by Gil Mandelzis aims to achieve a radical market structure shift with the separation of credit and execution
Barclays commits to FX Global Code
The UK bank joins the handful of top-tier FX banks to have adhered to the principles
Lawyers in cartel case argue against antitrust accusations
Depending on the type of relationship, the Sherman Act may or may not apply
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
JP Morgan dominates G10 FX revenues for 2017 – survey
Coalition’s investment banking survey shows the US dealer garnering the highest revenues in the space; HSBC jumps to second place
CME FX Link to go live on March 25
CME is launching a new central limit order book allowing participants to trade OTC spot and FX futures via a single spread trade
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people
Morgan Stanley hires Kristin Zekis
She will be running real-money sales from April
Antitrust claims deadline extended to May 16
Investors seeking to receive part of the $2bn-plus settlement have two more months to file a claim as the deadline is pushed back from March 22
Kristin Zekis leaves FX sales role at Citi
Zekis joined the bank as a director of FX sales and trading in 2016