Emerging markets
JP Morgan trader Aiyer guilty of price-fixing conspiracy
Akshay Aiyer is second currency trader to be convicted in US’s ongoing probe into FX market
Best Bank Awards: BNP Paribas
BNP Paribas is voted Best bank for FX in the eurozone at the 2019 FX Week Best Bank Awards
Best Bank Awards: HSBC
HSBC is voted Best bank for EUR/GBP, FX in Asia-Pacific, emerging Emea currencies, emerging Asian currencies and the renminbi
Best Bank Awards: Barclays
Barclays is voted Best bank for GBP/USD at the 2019 FX Week Best Bank Awards
BNPP appraisal challenges Katz’s credibility
Former trader’s supervisor highlighted poor performance on FX swaps and bad risk management in 2011 review
Katz: 'I couldn’t compete with Aiyer'
Former trader said Akshay Aiyer had more resources and that he would sometimes quote the defendant’s prices
Cummins walks back co-ordination comments
Chris Cummins confronts insecurity with certain currencies and trading styles as defence pulls back curtain on chat snippets
Ex-JP Morgan trader on trial for rigging
Justice dept claims fake trades duped market but defence argues against overly simplistic view
TD Securities: renminbi to sink to 7.30 amid US-China tensions
Move will alleviate some pressure from US tariffs; bank expects interim gyrations in EM trading
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
Former JP Morgan FX trader faces trial for price fixing
New York resident Akshay Aiyer is accused of conspiring to manipulate prices in CEEMEA currencies
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
State Street hires Harry Xu for Asia FX
Xu joins in Boston from Nomura in New York
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength
Most innovative bank e-FX trading platform/Bank algo trading tech provider of the year: BNP Paribas
BNP Paribas voted Most innovative bank e-FX trading platform/Bank algorithmic trading technology provider
Swissquote: Fed rate cut would be boon for EM currencies
Cutting interest rates in US will favour risky assets, bank says
BIS says theory behind EME policy must catch up with ‘reality’
Situation similar to adoption of inflation targeting in early 1990s, says BIS annual report
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
Rabobank: US and China heading for Cold War
Fed cuts will not be enough to sustain EM currencies while capital outflows continue as tensions persist
Credit Suisse adds Tretola and Osterman to FX team
Bank says recent hires signal ongoing investment in FX platform and strategic importance of markets franchise
Tandon joins Barclays’ EM options team
Options expert joins from BofA Securities where he traded EM products
Scanlan opts for TD Securities role
Tim Scanlan joins the Canadian bank’s EM sales team in London