City of London
LSEG’s FXall to open access for banks’ NDF algos
Move tipped to help smooth buy-side adoption of algo execution for non-deliverable forwards
Crown Agents Bank appoints Pitts
David Pitts takes up senior adviser role
Margolis swaps FXLM for private banking
Adam Margolis becomes head of FX advisory at Citi’s private bank after more than seven years in the bank’s FXLM team
Kim joins Sucden to head Apac e-FX sales
The institutional foreign exchange and derivatives broker boosts its FX sales desk
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Madera appointed special Asia adviser to City of London
Beijing-based Madera will promote London as a leading financial and business hub in Asia
London will remain global financial hub, says Boleat
Renminbi trading is expected to be one of the areas least affected by the UK's vote to leave the EU
UK tops Singapore as second-largest renminbi-clearing centre
Forty per cent of all payments between the UK and China are now made using the Chinese currency, Swift data shows
AIIB appoints Danny Alexander as vice-president
The former chief secretary to the UK Treasury will head the communications department
London cements position as renminbi hub
City of London report says the UK capital saw daily RMB trades of $61.5 billion in 2014
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
London RMB clearing bank likely to be Chinese, says RBS
Renminbi trading in London is likely to be run through a Chinese clearing bank, say market participants, following the agreement due to be signed on Monday
Deutsche blazes trail with decentralised front-office staff
A small FX sales team in Birmingham might seem a minor project, but industry veteran Steve Turner gave up his preconceptions about the city last year to run the team, and believes it allows the bank to improve the quality of sales while reducing costs
Offshore RMB market booming in London, report finds
A study by the City of London Corporation reveals the City's efforts to become a global hub for renminbi business are paying off, with daily spot value reaching $4.8 billion last year
Barclays keeps the lead in London and sterling crosses
UK bank remains best bank for FX in London, as well as GBP/USD and EUR/GBP, in this year's survey
EU bonus cap threatens the future of London FX
The UK last month launched a legal challenge against the EU's planned bonus cap - it will need to be successful if London is to retain the best FX sales and trading personnel
BMO Capital hires in sales and trading
Canadian bank boosts London presence with hires in options trading and real-money sales
FastMatch launches matching engine in London
The FXCM venture, which uses Credit Suisse technology and has backing from BNY Mellon, aims to offer real-time spot FX pricing in Europe
FX sales director departs SG CIB
Julia Westcott-Hutton, a director in FX sales in London, is leaving the bank after 15 years
Bank of England swap line expected to fuel RMB growth
The creation of a swap line with the People's Bank of China should lead to greater confidence in the offshore renminbi market, according to traders and strategists
FXCM recruits ex-sales head after Alpari stint
Mark Davison has rejoined FXCM after two years at rival Alpari where he headed institutional sales globally