Trading

RBS loses Usher but gains Gething

LONDON – Royal Bank of Scotland has lost Richard Usher, London chief dealer and EUR/USD spot trader, in a further senior departure from the bank.

Deutsche fined for Hungarian FX swaps

BUDAPEST - Deutsche Bank has been fined $455,441 by the Hungarian regulatory authorities for manipulating the forint to profit from foreign exchange swaps trades entered with local banks.

Euro loses as markets play it safe

Greece continues to dominate the headlines. However, the contagion effect to other eurozone peripherals as well as concerns over Chinese monetary tightening and proposed financial regulatory reforms have been driving financial markets recently –…

Singapore Exchange moves into clearing

SINGAPORE - The Singapore Exchange (SGX-DC) became the latest to pitch clearing for foreign exchange products last week, with a proposal to clear financial derivatives, including Asian FX forwards contracts settled in US dollars.

Banks widen scope of IT budgets

Speakers at the FX Week webinar, FX technology arms race: the battle for market share, last Tuesday (April 20) covered a wide range of issues facing the industry post-crisis, including regulation, customers' increased demands and post-trade processing.

JP Morgan in e-FX build

LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.

Szucs and Shiff join BAML

LONDON - Bank of America Merrill Lynch (BAML) continues to build up its foreign exchange franchise with the hire of a senior institutional salesperson from Morgan Stanley in London.

CME speeds up product identification

CHICAGO – CME Group will release version 2.0 of its Fix/Fast market data messaging format in June, which aims to make it easier for user firms’ data and trading systems to identify updates for specific traded products among messages distributed by the…

Mass exodus from BarCap in New York

NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.

Icap extends market data deal with Quick in Japan

Japanese market data vendor Quick has extended its partnership with interdealer broker Icap to include redistribution rights for the Icap Fix data service, which was launched at the end of last year to meet demand driven by growing regulatory and risk…

Data availability lags behind market growth

TORONTO - Limitations on the availability of market data is one of the biggest challenges to growing buy-side volumes, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).

Sterling staid but skewed

The most likely outcome for sterling is a modest appreciation from current levels, reflecting an ongoing recovery in the UK economy and the likelihood of Bank of England tightening into the end of 2010.

DGCX adds three currency futures

DUBAI - The Dubai Gold and Commodities Exchange (DGCX) will launch three additional currency futures contracts in June, to take advantage of the growth momentum in incumbent products.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: