Articles by Robert Mackenzie Smith
Gain Capital loses key GTX figures
The institutional arm of retail broker Gain Capital has seen Joseph Wald and Peter Cronin leave the firm in New York and London
Barclays appoints new FX flow options head
Barclays has promoted internally in New York to replace Gugesh Guganeswaran, who left for the buy side late last year
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly
Cantor Fitzgerald appoints global head of FX sales and trading
Cantor Fitzgerald has made former State Street, Morgan Stanley and JP Morgan FX veteran the firm's new global head of FX sales and trading
StanChart hires FX real-money sales people
Standard Chartered is set to build out its FX real-money sales desk with three new hires from rival banks
Poynder starts up FMR Advisory
The impact of Emir, Mifid and Dodd-Frank on FX businesses wil be the focus of Robin Poynder's newly launched company
TD Securities hires FX sales director in New York
The Canadian bank has hired in its FX sales team in New York, following the appointment of Michael Twaits as global head of FX
RBS hires FX options head for North America
David Katalan has made the switch back to the sell side with RBS in the US while the bank has seen two FX salespersons leave the firm in London
CIBC hires senior FX options trader
20-year FX veteran David Pennell has joined CIBC after leaving JP Morgan last year
Lack of FX volatility helps banks with staff shortages
A significant market event is likely to stretch fewer FX traders at banks, which could lead to advantages for those not embroiled in the FX investigation, say market participants
Moex sees record FX volumes in March
Algorithmic traders have helped the Russian exchange boost its forex volumes
Brokers at loggerheads over Sef volume data
Following the FIA's launch of a Sef volume data service, brokers warn that problems still remain at the source of the published data
Senior FX spot trader Tollit returns to BAML
Ryan Tollit is the latest senior person at BNP Paribas to leave in FX this year after the departure of Bartosz Pawlowski
EBS launches eFix Matching
The electronic broker has joined forces with Icap's voice broking team to launch an electronic fixing service
Top FX traders flee banks to join buy side
After some of the biggest names in FX from major global banks departed to the buy side in the past 12 months, FX Week takes stock to look at some of the motivations for making the switch
TD Securities names new global FX head
Michael Twaits will relocate from London to Toronto to taken on Michael Gibbens' former role after the global FX head quit the bank
FX benchmark manipulated more than 25% of the time, plaintiffs say
Plaintiff's council is alleging manipulation occurred in six currency pairs on the last trading day of each month
India reverses curbs on USD/INR trading
India's financial regulator has rolled back emergency measures it introduced last year as USD/INR rate stabilises
JP Morgan creates global co-heads of rates, FX, commodities and EM
Troy Rohrbaugh has once again expanded his remit at JP Morgan by taking on commodities and emerging markets alongside James Kenny
Saxo Bank appoints former Rabobank FXPB head
Peter Plester has joined Saxo having resigned from Rabobank after more than nine years at the helm of its FXPB business
Manipulation suspensions reach salespeople
UBS and Deutsche have implemented further suspensions, with the German bank seeing the first salesperson suspended in the ongoing FX probe
Shuster replaces Leclercq as Crédit Agricole head of FX
Crédit Agricole rates trading chief in the US assumes Vincent Leclercq's former role at the bank
Lloyds Bank removed as defendant from FX lawsuit
Lloyds Bank is no longer a defendant in the FX class action lawsuit in the US, while BAML and BNP Paribas have been added to the case
Banks looking to back bitcoin with new exchange
Digital currency bitcoin is set to be launched on an NYSE-comparable exchange this year with the backing of the institutional market