Europe
Nomura slashes FX headcount in $1 billion cost-cutting drive
Impact of job losses falls mainly on the emerging markets FX team
Euro to languish as Germany's economy struggles – CMC Markets
Pan-European currency to maintain its slide even as Fed hits pause
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says
Mizuho taps smartTrade to provide new e-FX platform
The Japanese bank is replacing its legacy FX platform
How Brexit gives FCA a tech mountain to climb
FCA international head says regulator faces huge reporting and data-sharing challenges
FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
EU lawmakers fail to deliver on single-sided reporting
But there is still hope for EU swaps users in future Emir reviews
GMI enlists former FTT chief Jakobsen
Experienced FX exec Finn Jakobsen has put in stints at Saxo Bank
CFH Clearing promotes Groves to head of European sales
Paul Groves tapped to lead growing sales team in European push
Gibson to head institutional FX sales at Alfa Capital
Andrew Gibson brings extensive FX market experience to Cyprus-based firm
How Brexit is set to muddy Mifid transparency data
Market participants say duplicate reports in UK and EU will result in misleading public data
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo
Doing more with less in a post-Mifid II environment
In their quest to reduce costs, market participants look to automate more processes in 2019, says smartTrade CEO
Cboe to operate Amsterdam venue post-Brexit
Current Cboe Europe chief legal officer Adam Eades will be president of new entity
Kuppe becomes adviser to 360T’s executive board
Mathew Kuppe has worked in various capacities at the trading platform since co-founding it in 2000
Esma withdraws Bloomberg’s trade repository registration
Bloomberg clients have already been transferred to a repository of their choice
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Banks call for third-country benchmark fix as EC delays BMR
Two-year delay may open the door for rethink on local legal representation requirements and recognition options
Weidmann given second term leading Bundesbank
Deutsche Bundesbank’s distributable profit rises to €2.4 billion
Esma renews ban on binaries once again
European regulator still sees risks for investors, can keep renewing as it likes
How publishers are still falling short on Mifid II post-trade data
Four publishers yet to align post-trade data format with Q&A issued eight months ago
Citi and HSBC go live on Capitolis Novation as first prime brokers
The two banks have used the service extensively across their client base
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries