FX Markets - 23 Jul 2018
Articles in this issue
Fotheringhame battles to get job back
David Fotheringhame fights for former role at Barclays in four-day remedy hearing, months after winning unfair dismissal claim
Lawyers poke Fotheringhame on last day of hearing
Issue of whether trust between Barclays and former employee has irretrievably broken down is key focus on day four
Central bank digital currency a ‘terrible idea’, US Congress told
Move to central bank cryptocurrency would make Fed “overwhelming credit allocator” – researcher
FSB launches crypto asset-monitoring framework
Metrics will focus on the financial stability risk of the cryptocurrency market; much of the data will be pulled from public sources
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
Nex and JBond launch first Japanese repo index
Index will help investors measure the effective cost of funding for Japanese government bonds
SGX’s Lam in bid to bring together two worlds
SGX set to launch FlexC FX Futures in August, with the aim of combining the best that OTC and futures have to offer
FXTM hires Webster as chief commercial officer
Alexis Webster joins Cyprus-based retail FX broker from Gain Capital
SEB’s Hellstrom joins Swedbank
Par Hellstrom was a senior FX quant trader at SEB
Rohra swaps Citi for Citadel Securities
Pooja Rohra spent nearly three years at Citi in an e-FX sales role before joining the market-maker
Steck trades TD Securities for RBC
Currently on gardening leave, Tonia Steck is expected to start her new role in September
Dollar will be tested if stocks correct – City Index
High risk of major stock market correction in US will dampen dollar strength, says broker