Foreign Exchange Prime Brokerage
BCS Global appoints Richards as director of prime services sales
London-based Andrew Richards will target small- to medium-sized hedge funds as BCS looks to expand
O’Hara promoted to head of PB and clearing, Americas at SocGen
John O’Hara will retain FXPB and clearing responsibilities
Singh to lead Sucden's push into prime
Softs broker Sucden looks to build out its institutional credit intermediation service
Saxo Bank gives PB clients cross-collateralisation tool
Prime broker customers will be able to use a single pool of collateral across London, New York and Tokyo
Traiana builds out PB kill-switch network and credit tool
As prime brokers seek more control, Traiana gets set to launch a dynamic credit-allocation product
BoE’s Salmon warns FX industry on adherence
Chris Salmon, the Bank of England's executive director for markets and lead on global code adherence, says regulation could be on the horizon as soon as 2020 if market participants don't adhere to the new Global Code
BIS figures reflect tectonic shifts in market structure
Decline of headline figures in the survey pose questions over how much the market has changed in three years
Buy-side FX trading curbed as margin rules take hold
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
DMALink and ADS seal FXPB clearing deal
The platform's clients will gain access to sustainable credit and clearing services
Growth of NBLPs thwarted by credit structure, platform heads say
Alternative LPs look to do more relationship-based trading rather than streaming prices anonymously
Credit space needs innovation to fix it, panel says
13th annual FX WeekUSA delegates hear that non-banks are not in fear of losing their PBs
Price of credit to rise while clearing still years away
The cost of credit in FX may be rising, but it's still cheaper than clearing, webinar participants say
State Street's Sagurton heads to R3
Sagurton will work in business development and aid in R3's lab and research center sales and member expansion in the Americas
Global Code architects pledge to keep principles updated
The FX code of conduct will evolve to reflect market changes
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
Credit Suisse pulls out of FXPB
Swiss dealer the latest to exit prime brokerage business
Citadel sees no role for banks in FX market making
Citadel's Nazarali made the comment as panellists at FX Invest North America discussed alternative market-makers, last look and shifting market dynamics