News
Yip joins Dymon in Singapore
Dominic Yip joins the investment firm from Credit Suisse, where he was head of G10 FX options
Global Prime Partners launches structured products business
UK clients will gain access to a range of issuers
Credit Agricole conducts FX forwards with Orchestrade
The bank is migrating all front-to-middle processing of vanilla and structured products to the platform
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
New interim CEO for FXCM, renamed Global Brokerage
Founding members Niv and Ahdout resign following US ban from the CFTC and NFA. Meanwhile, the publicly traded company that owns FXCM Group will trade under a new name
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
SNB risks friction with US due to FX policy
Switzerland could face being labelled a currency manipulator as the Trump administration takes aim
Banks gain no relief from CFTC's variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions
Invast Global appoints two
Andrew Pal and Cassandra Lister aim to strengthen the firm's presence in Asia
Court fines FXCM over SNB undercapitalisation
CFTC filed a complaint after having to reach out to FXCM to learn of the $200 million shortfall
Housden joins Colt to head capital markets
Andrew will oversee the company's clients in Europe, Asia and North America
CLS promotes Wood as general counsel
The legal department's co-head replaces Alan Marquard
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
BoE appoints new deputy governor
The central bank's chief operating officer will replace Minouche Shafik from March 1
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates
Choussy exits and Davidson steps in at JP Morgan
Andres Choussy decides to pursue other paths
Traiana's head of FX quits
Jill Sigelbaum is leaving the Nex Group-owned post-trade services provider after 13 years
Politics heightens FX risk for sterling and yen investors
Risk models show the yen to be the riskiest developed currency
HSBC's Zaimi ditches Asian FX for equities
Hossein replaces Patrick George as global head of equities
Bindler, Citi's global head of G10 FX, to retire
James began his career at Midland Bank in New York in 1982, before joining Citi in 1990
FXCM hit by two class action complaints
At least 14 law firms start investigating FXCM; CFTC order provides backbone for lawsuits
Stater Global Markets appoints new head of compliance
London-based David Dohmen will report to Ramy Soliman, chief executive of the prime-of-prime brokerage
Hotspot hires two, promotes two in sales
Vickerman and Bowry join; Leit and Watras to lead sales in Europe and Apac, respectively