Corporates
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
Deutsche Börse in talks to buy Refinitiv FX units
Negotiations confirmed, but not whether FXall is on the sale block
JP Morgan rolls out algo workflow tool on Bloomberg App Portal
The integration should make the bank’s Algo Central software and FX trading services more accessible
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Best Banks Awards: Citi
Citi comes second overall, picking up seven accolades, at the 2018 FX Week Best Banks Awards
Sucden hires Gillies to head e-FX sales
Kirsty Gillies ran the e-FX sales team at UBS in London for eight years
Shell picks Bloomberg for Treasury system
Solution available for any corporates around the world, Bloomberg says
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
360T expands algo suite for corporates
The platform offers 60 strategies from 13 banks, with four more dealers to come online before the year-end
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