Trading
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
Buy side said to target sell side with Code compliance
Two years in, buy-side participation remains low, as some cite barriers to the adoption of conduct principles
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Simon Potter exits New York Fed
Ray Testa will step in to lead the markets group while a successor is found
GFXC seeks deeper understanding of anonymous platforms
Committee elects Guy Debelle as new chair to replace Potter
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
BNY Mellon loses global head of FX options
Sam Osterman joined in January 2018 and ran the newly launched FX options business
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Tradepoint’s ‘all-you-can-eat’ pricing model challenges FX algo market
Fixed-fee for unlimited usage lets clients design algos or pick from existing ones that mimic established offerings
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
SocGen promotes two as it restructures
Sylvain Cartier heads to Paris as head of fixed income and currencies
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
Ashton lands at Corellian Global Investments
After successfully fighting price-rigging charges in US, Christopher Ashton educates market participants on conduct issues
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
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
Mosaic to bring real-time performance analytics to FX
Platform will be in production with a major client in third quarter
‘New normal’ sees FX volatility remain muted
Dovish stance of major central banks means volatility unlikely to pick up significantly
Renminbi trading in London increased nearly 50% in 2018
London consolidates its place as a centre of RMB trading as the internationalisation of the Chinese currency gathers pace
Singapore’s edge in race between Asia’s FX hubs
Singapore is beating Tokyo and Hong Kong in volumes, changing the FX trading landscape in Asia. What is it doing to make sure it's No. 1?
BNY snags Savage as head of FX sales in North America
Savage was previously CEO at CCTrack Solutions, a registered CTA that closed last year