United States (US)
Cartel three out on bail after entering ‘not guilty’ pleas
Former senior currency traders released on combined $1.85 million bond and will return to court in November
The 14th FX Week e-FX Awards in pictures
The award-winners celebrated with a dinner at New York's Metropolitan Club on July 12
Managers selective on EM in event of Fed policy mistake
Instead of investing in the whole complex, managers prefer emerging economies with a strong balance sheet
Dollar downturn will push investors abroad, panel says
International markets back in vogue as dollar enters bearish cycle and overseas peers raise rates
e-FX Awards: smartTrade Technologies – Best Liquidity Aggregation System
The Liquidity FX platform gives clients full control of the execution process and helps them with risk management
e-FX Awards: Saxo Bank – Best Prime-of-Prime Provider and Best Retail FX Platform
It prides itself on the breadth of access its clients enjoy with 24 bank and non-bank LPs pricing into streams
e-FX Awards: Citi – Most Innovative Bank e-FX Trading Platform and Bank e-FX Initiative of the Year
Citi Velocity, the bank’s single-dealer platform, is being used in 90 countries with varying requirements among its clients
CFTC to boost resources to study HFT impact
Acting CFTC chief hopes to get better analytics to discover the effects of high-frequency trading on the market
Platform operators step up surveillance after FX Global Code
FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through
Li and Lombardi join Credit Agricole CIB
The bank makes two senior hires in its global markets research division in New York
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
Investors’ taste for EM depends on central bank actions – ABN Amro
How major central banks undertake monetary policies will determine whether some emerging market currencies can thrive
Jefferies hires three for FX team
The appointments come as the New York-headquartered bank strengthens its electronic trading capabilities
Andersen heads up trading at Standard Chartered
Jens Andersen was most recently a managing director and global head of strategic trading at Morgan Stanley
Sapir heads up liquidity management at TraderTools
Moti Sapir’s promotion makes him responsible for all of the firm’s bank and non-bank liquidity provider relationships
Lawrence Pregiato joins Nomura
Pregiato becomes an executive director, focused on FX options
Oanda expands partnership with TradingView
Building on the integration of TradingView’s advanced charting solution with Oanda’s fxTrade web and desktop platforms
‘Cartel’ three surrender as lawyers question efficacy of DoJ case
US DoJ presses on with Obama-era promises to prioritise prosecution of individuals and stop corporate wrongdoing
Sterling to move higher against dollar, despite election result – CIBC
Despite the hung parliament in the UK, the pound is in a better position than the greenback
UK arrests Stuart Scott in HSBC FX front-running case
Ex-HSBC employee accused of wire fraud in case involving alleged front-running to make first court appearance on July 31
HSBC hires two and moves to build out FX prime brokerage
Ferretti will be responsible for structuring and developing FXPB, while Miller joins as head of institutional sales, Americas
Nomura and options trader Jason Pealy part ways
It is understood the bank let him go in May
FastMatch to hike rates from July
Following its $153m acquisition by Euronext, the platform has a clear path to expand into Europe and Asia
Silverman to lead first ECN launch in three years
The new spot FX venue, Fenics FX, comes from BGC Partners, with Hotspot co-founder Howard Silverman at the helm