Faros Trading
Kamrath joins crypto-tech company Rubicon
Ray Kamrath was previously the global head of FX at Jefferies
FXCM buys majority stake in Faros Trading
FXCM continues its aggressive expansion as it acquires a 50.1% stake in FX agency firm Faros Trading, four years after it was established by Ray Kamrath
Senior trader departs Faros
Michael LaVina exits FX agency trading firm Faros Trading after less than a year in the role
DealHub salesman joins Tullett Prebon
Veteran of Morgan Stanley and DealHub has joined Tullett Prebon to work on the Chapdelaine desk
Tullett Prebon hires ex-Faros trading head
The interdealer broker is expanding its resources as it seeks to use the Chapdelaine business it acquired to build an agency desk
Banks rethink clearing structures under CFTC pressure
CFTC rules on conflicts of interest mandate clearer separation between OTC clearing and execution, prompting some banks to restructure their operations
Faros Trading moves into options
Faros Trading, which was established in 2009, has added FX options to its product suite
FXCM rolls out dealing desk to fight price war
The retail brokerage has launched a principal-based execution option to create tighter spreads for smaller clients, but will continue to advocate its preference for the agency model