Brokers
Jackson returns to ED&F Man
He is relocating to Dubai to head the broker’s Mena FX business
Liquidnet names Brian Conroy as president
Conroy joins from Fidelity International
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
Sucden hires Gillies to head e-FX sales
Kirsty Gillies ran the e-FX sales team at UBS in London for eight years
Virtu Financial to acquire ITG for $1bn
Cash deal comes little over a month since reports of potential merger
Refinitiv expands in Mena, launches sentiment feed in Japan
Clients can access range of markets in Middle East and North Africa
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
Calpers did not notice price discrepancies in FX Cartel case
“If I had, I would’ve said something earlier,” managing investment director tells court
DTCC partners Symphony for exception management
The integrated product could be available in early 2019
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
DeepWell hires seven
DeepWell chief executive Richard Leighton brings raft of colleagues from former firm Mirexa
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
Weller joins Saxo Bank as Mena chief
Steve Weller headed the FX business at Sberbank CIB before resigning and taking a break from the industry
Fortex Technologies hires Hendrix
Victor Hendrix will create and lead its newest division, XCloud, a global server grid providing trading infrastructure as a service
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
Integral appoints Srivastava as chief revenue officer
Vikas Srivastava has worked at Integral since 2010, overseeing its regulatory initiatives
BGC plans to open China office
Broker plans China build-out despite derivatives documentation spat