Corporates
European corporate FX losses triple
Currency losses at their highest since the first quarter of 2017, reports FiREapps
Scott wins extradition appeal
Stuart Scott wins extradition appeal as the October 2017 verdict is overturned
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
Towner and Scott move to JCRA from HiFX
The two men join the independent FX adviser as the buy side increasingly seeks impartial FX management advice
BNP Paribas makes raft of senior appointments in the Americas
The senior appointments flow from the bank's desire to consolidate its position in the region on the back of significant growth
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
Corporates pay little heed to last look or FX Global Code
A bank signing a statement of commitment to the 55 principles is not a deciding factor for corporates
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
Mitsui & Co begins settling trades through CLS
It is the first Japanese corporate to join the service via third-party access
UK corporates lose out as sterling slides, study says
Importing firms see average profit loss of 12% following Brexit vote, finds Western Union
Citi’s Sinniah set to retire, Hewson to step up
Bernie Sinniah, Citi's global head of e-FX solutions, to step down after 38 years at the bank
Alexis named new global head of FX distribution at Barclays
The expanded role covers institutional as well as corporate FX sales
Australian corporates pessimistic on Aussie
A survey by East & Partners shows Australian corporates preparing for their country's currency to weaken
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
GE’s FX managing director retires, launches advisory
As banks downsize their sales teams, David Rusate is looking to lend his currency expertise to small- to medium-sized firms
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
Asian corporates bullish on euro and sterling
Research by East & Partners shows a bullish case for EUR/USD and GBP/USD from business across Hong Kong, Singapore, Malaysia and the Philippines
India’s public-sector corporations adopt Bloomberg FXGO
Firms include Gas Authority of India, Rural Electrification Corporation and ONGC Videsh
e-FX Awards: HSBC – Best e-FX Platform for Corporates
The banking giant now has the institutional space in its sights with e-FX platform Evolve
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Simple tax cuts best for dollar, says CBA
If Trump is able to slash corporate tax rate to 15% and achieve income tax cuts along with infrastructure spending, then the dollar and the economy will see a boost