Icap
Meet the Sefs
The weeks leading up to the October 2 deadline for registration as a swap execution facility (Sef) under the US Dodd-Frank Act have seen a wave of new platforms receive approval from the Commodity Futures Trading Commission (CFTC). Robert Mackenzie Smith…
Gain Capital appoints chief financial officer
KCG's Jason Emerson moves to Gain, while Price Markets hires a new head of FX sales
Pressure mounts on CFTC for relief on Sef rules
CFTC is being lobbied to grant relief on the contentious Footnote 88, which requires platforms to register as Sefs even if the products they offer are not yet made available to trade
Client on-boarding a challenge for Sefs
Icap is the latest firm to apply for Sef status, but the challenge for new platforms will be to on-board clients by the October 2 compliance deadline
Russia's ruble expected to become major currency by 2015
Market participants are bullish about the ability of the ruble to quickly penetrate the group of top global currencies, but settlement issues remain the biggest obstacle
Integral sought investment from EBS, court documents reveal
During preliminary talks, EBS chief executive refused to sign a non-disclosure agreement, which would have prevented it from hiring Integral executives, according to testimony in the legal battle between Integral and its co-founder, Viral Tolat
Tradition-Icap ramps up FX options offering with RFQ product
Broker is adding VolCall to its Volbroker platform in the hope of taking more of its options business electronic
Best professional e-trading venue: EBS
EBS wins the award in recognition of the thought leadership role it has taken in FX execution over the past year, which has won the support of many of the platform's users
EBS Direct on-target for full launch, says Icap
Beta testing has been successful and the new disclosed liquidity pool will be fully rolled out later this year, says Michael Spencer
Traiana COO joins EBS as head of sales
The position of global head of sales is filled by Gerard Varjacques, who joined Traiana from SunGard in 2011
Trading places, June 3, 2013
New hires at Icap, Danske Bank, Nomura and HSBC
KC Lam exits CME in Asia
Exchange group merges FX and interest rates coverage in Asia-Pacific
EBS Direct begins beta testing with four liquidity providers
Icap's push into disclosed FX liquidity takes a further step as EBS Direct enters beta testing
Forum supports board of approval to vet Russian nostro banks
Participants at the International Ruble Settlement Forum agree initiative needed to promote use of real-time settlement in Russia
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
Russia remains slow to adopt real-time settlement
Participants believe the development of Russian ruble trading could be in deadlock as a result of the slow adoption of real-time gross settlement by Russian banks
EBS hires US sales head from Integral
EBS hiring season continues with the appointment of Integral's head of US sales, and the business has also appointed co-heads for the anonymous platform, EBS Market
EBS hires Richard Kerschner from CLS
Kerschner, who had been at CLS since 2010, takes on the same role – chief corporate development officer – at EBS
EBS and Thomson Reuters merge input prices for FX fixing
The rival platforms have merged the sources for the 30-minute fixing in an effort to raise transparency and accuracy of reference data
Exchanges poised for further volume growth in FX
Both exchanges and ECNs have reported an uptick in FX trading volumes in January, but some suggest exchanges might be the biggest winners as activity rises in forex futures and options
Barx FX, a decade on
Electronic trading in the FX market has evolved almost beyond recognition over the past decade, but single-dealer platforms continue to gain in popularity as banks feed increasing resources into their platforms. Miriam Siers speaks to Barx FX head Tim…
Trading places, January 28, 2013
New hires at SurfacExchange and EBS, while CFTC commissioner Jill Sommers steps down
Banks invest in future of Traiana with 12% stake
Seven banks have bought a collective 12% stake in Traiana - which has been valued at $300 million - earning them a valuable seat on the company's new board of directors
FXall trading volumes surpass EBS
Multi-bank trading platform bucks falling volume trend