FX Markets - 27 Aug 2018
Articles in this issue
More platform deals to come, says consultancy
FX specialist consultant Javier Paz says smaller venues may seek larger owners over the next two years
Bogucki lawyers seek dismissal for third time
Defence attorneys ask court to look into instructions given to grand jury about the nature of Barclays and HP’s relationship
Strømme launches crypto prop shop
Jan Strømme, former global head of e-FX distribution at XTX Markets, sets up Alphaplate, a cryptocurrency trading firm
Fotheringhame wins Barclays re-employment fight
UK tribunal orders the UK bank to re-engage David Fotheringhame in the role of director of data commercialisation
SGX hits high in USD/CNH futures
USD/CNH futures trading breaks multiple records on August 16 as renminbi drops to new lows
Nex Infinity DLT could go live this quarter – Choussy
The DLT element is ready from a technical perspective
TransFicc secures Citi investment
Connectivity provider will join US bank’s innovation lab in London
Algo supervision is paramount, says Rahmouni-Rousseau
Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility
State Street to buy BestX
The TCA provider is set to become a wholly owned subsidiary of State Street; financials undisclosed
Hudson joins BGC’s Fenics as global head of e-FX
Liam Hudson was previously the global head of electronic FX at BAML
Nomura hires Parkash as global head of e-FX distribution
Ashvin Parkash set to join the Japanese dealer in Singapore as global head of e-FX distribution
Iqbal returns to Goldman to head exotics trading
Adam Iqbal left Goldman in November 2017 for a portfolio manager role at Pimco
State Street appoints co-heads of Emea global services
Ambrosius and Fontaine have worked at the US bank for more than a decade
Barclays gains Peto, but loses two in FX sales
Ben Peto joins sales team as director
Nomura hires Agarwal to head EMFX trading
Arvind Agarwal moves to new role at the Japanese bank from Bank of America Merrill Lynch
Michelsen joins Handelsbanken
Otto Michelsen moves to Handelsbanken from Arion Bank as an FX options trader
Bloomberg leaves Nomura
The New York-based EM sales specialist voluntary resigned her position
Credit Suisse loses two in FX sales
The two served as directors in FX sales
Elgarf joins ADS Securities in London
He moves to the firm from retail broker IG
Euronext moves to buy Galinov’s shares
The exchange operator buys Galinov's 8% of equity in FastMatch for $0.001 per share
Galinov files lawsuit against Euronext
Former FastMatch chief files lawsuit against Euronext and FastMatch claiming “Machiavellian” scheme
Euronext dismisses Galinov lawsuit as ‘baseless’
The exchange operator says legal complaint is an attempt at retaliation from Galinov
Back to fundamentals in emerging markets – Wells Fargo
The overall contagion risk of a crisis in Turkey is fairly limited