Risk management
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
FMSB publishes Ficc standards
The 12 core principles set out in the final standard outline expected conduct during new bond issuances
PRA chief sends ‘Dear CEO’ letter on crypto
Regulator warns of financial and reputational risks that exposure to such assets could have on their firm
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
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
JP Morgan invests in AccessFintech
The risk management services firm, led by Roy Saadon, will work with the bank to test its technology
Thomson Reuters launches bitcoin sentiment data feed
The tool appears in a new version of the firm’s MarketPsych Indices to assist trading and risk management
UK regulators zoom in on algo trading
FCA and PRA launch co-ordinated push to improve risk management and governance of algorithmic trading
Mesirow commits to FX Global Code
Currency managers sign formal statement of commitment to the principles of good behaviour
Australian corporates pessimistic on Aussie
A survey by East & Partners shows Australian corporates preparing for their country's currency to weaken
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
DuCharme joins Mesirow
The Russell Investments veteran joins as director of currency solutions
‘So FX is now illegal’
Mark Johnson's guilty verdict and the decision to extradite Stuart Scott raises personal risks for FX market participants
FCA fines Merrill Lynch £34.5m for Emir reporting failures
First penalty issued by FCA for breaching Emir reporting requirements
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
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
Fed fines HSBC $175m for unsafe FX practices
Bank ordered to improve practices
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention