State Street
Hardingham joins State Street
David Hardingham joins the US bank in London as a forwards trader
Kristin Zekis leaves FX sales role at Citi
Zekis joined the bank as a director of FX sales and trading in 2016
Bailey appointed FSCS chair
The FSCS is the compensation fund of last resort, protecting consumers in the event of an authorised financial services firm failing
Ullrich returns to State Street
David Ullrich will lead North American sales for FX Connect
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
FX Connect to offer BestX analytics
The platform’s key client base is the core audience for FX TCA
State Street: voice trading to stay for Apac clients
Official institutions such as sovereign funds still tend to opt for voice execution due to security and confidentiality concerns
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
Dollar downturn will push investors abroad, panel says
International markets back in vogue as dollar enters bearish cycle and overseas peers raise rates
Plansky appointed head of State Street Global Exchange
Boston-based Plansky joins from PricewaterhouseCoopers and will report to executive vice-president Lou Maiuri
Currenex launches X2 platform
Institutional venue boosts traders' performance and efficiency, while helping to keep markets resilient in times of stress
State Street agrees markup settlement – $530m expected
This follows a SEC investigation into the FX rates charged by the bank to custody clients
Some EMs back in vogue, say currency managers
Others are trying to figure out a trading policy for these markets
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
CLS adds four to board
New members' FX expertise will add value in areas such as operations, technology and risk management
Pepper leaves State Street
Simon Pepper crosses over to French bank Natixis in London for FX sales role
Banks unite to explore blockchain
Nine global banks commit to researching shared and distributed ledger technology, led by financial innovation firm R3
Sagurton moves up the ladder at State Street
Changes at the US custodian continue as Rob Sagurton joins from Currenex in New York, reporting to Peter Williams
FCA hits State Street with transitions management fine
FCA fines State Street £22.9m for transition management failings, FX discussed but not a factor in fines
Revolving doors at State Street as Reilly exits
James Reilly has left State Street Global Exchange just two months after he and Mike Irwin joined from Morgan Stanley, while Andrew Lewis has joined from Deutsche
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Industry calls for changes to benchmark practices
Ongoing investigations into manipulation of FX benchmarks have led to calls for changes to the way the WM/Reuters exchange rates are used
Expiry of Sef confirmation relief causes unrest among dealers
Swap execution facilities have only until October 30 before they have to issue legal confirmations for trades, but dealers remain uneasy about their ability to do so
FX platforms divided on management of costs and speed
Officials at EBS, LMAX Exchange and State Street Global Exchange debate key issues facing new and incumbent platforms during a live webinar