Foreign exchange
Richards joins Morgan Stanley in London
US bank hires Thomas Richards as executive director in FX options, reporting to Thiago Melzer
FX leads the way in buy-side technology spend – Greenwich
Greenwich Associates 2014 Trading-Desk Optimization Study shows FX desks on the buy side have upped their technology spend
Moex FX volumes ticked 52% higher in December
Derivatives and foreign exchange were the most active markets on the Moscow Exchange
Senate approves margin carve out for non-financials
Overwhelming 93-4 vote clarifies corporate treasury units are not bound by rules requiring margin to be posted on non-cleared swaps
Saxo wins with persistently bullish USD call
The bank ignored calls for a dovish outcome to the FOMC meeting and considers the recent bout of 'risk off' sentiment as temporary
Greenwich flags top market structure themes for 2015
Continuous FX benchmarks, potential advances in NDF clearing and electronic chat rooms among top issues for year ahead
Lawyers gear up for cases in Europe and 'last look'
The co-lead in the US class-action lawsuit expects more cases in Europe and for other areas of trading to come under scrutiny
The euro will continue to weaken
EUR/USD will trend towards 1.15 amid renewed break-up fears in the eurozone and the union entering deflation
Broadridge acquires TwoFour Systems
Global investor communications and technology giant Broadridge moves to secure FX vendor TwoFour Systems, along with its parent company's CEO
SNB reserves suggest 24bn euro intervention
The Swiss central bank increases its foreign currency reserves to CHF 495 billion, mainly driven by euro buying, strategists say
NDF clearing could be delayed until February 2016
The FX subcommittee of the Global Markets Advisory Committee has submitted a condensed 10-page report to the US regulator, proposing a 12-month schedule for clearing non-deliverable forwards
Reserve managers shun the euro
International Monetary Fund data from the third quarter of 2014 shows a significant hit to euro reserves following further negative interest rates
BGC issues letter to GFI shareholders in battle for broker
The war between BGC and CME over brokerage house GFI looks set to come to a head, following months of counteroffers
Currency funds see fifth month of positive returns
The Parker FX Index reported positive results for the fifth-consecutive month, with a 0.68% return for November
EU banks' exposure to Greece below 5 billion euros
European banks' exposure to Greece's sovereign debt is nil and total Greek lending stands at around EUR 5 billion
HKMA finds no evidence of FX fixing
Investigations into FX market manipulation turn up two cases of possible misconduct, but find no collusion between banks; six banks criticised for communication ‘indiscretions’
EBS launches end-of-month INR NDF
Contract to complement existing one-month outright offering
The industry is on the bounce, says Fitzpatrick
Declining headcounts expected in trading and sales, but banks' investment appetite is on the rebound
The dollar to rule them all
The dollar rally has finally arrived in late 2014, with more gains pencilled in for 2015
Time is ripe to embrace innovation
ParFX expects transparency to be a key theme in 2015
Thomson Reuters looks to watershed year
Next year is set to see the culmination of nearly three years of work to bring Thomson Reuters' products on to one desktop
WMBA highlights liquidity fears
2015 could be the year when regulatory ambitions clash with central banks' fears for liquidity
Mandelzis sees competition increasing in 2015
EBS chief executive expects the trading landscape to become more competitive and lead to consolidation
CME looks to local banks for EM FX liquidity
Craig LeVeille, executive director for FX products at CME, talks about the company’s focus on growing emerging markets