News
Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir
Fintech could spur two million banking job cuts
US and European banks could cut up to 30% of their workforce in the next decade, suggests a report from Citi
HSBC makes internal FX changes
Greig will head spot trading for Emea while Young takes over from Pavitt
Pepper leaves State Street
Simon Pepper crosses over to French bank Natixis in London for FX sales role
Morgan Stanley's White to join Citadel Securities
Nicola White is moving to the market making arm of the hedge fund as global chief operating officer for Ficc
Tullett Prebon shareholders approve Icap broking buy
Finalisation of the deal is contingent on regulatory approval
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Giancarlo to regulators: give blockchain innovators space
CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment
Broadridge allies with TTC to improve futures solutions
Futures and options remain a growth area for the firm
Fintech still beats banks on money-transfer value
Latest figures show banks' fees for global payments are three times higher than those of fintech specialist brokers
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
China opens research centre for RMB internationalisation
The new initiative is a victory for Singapore as it angles to position itself as a leading renminbi hub
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
JP Morgan tops Coalition investment banking survey
US bank also triumphs in fixed-income, currencies and commodities markets
SFO spells end to criminal FX-fixing cases, Hausfeld says
Little prospect of further European investigations as fraud office drops enquiry and new UK class action regime limits possibilities
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Hoodless echoes claims that Citi knew of wrongdoing
Ex-trader repeats previous statements that senior managers encouraged information sharing
Murray quits Deutsche for BNY Mellon
Piers Murray joins in a senior listed clearing role
Regulation will change markets, but slower than expected
But market participants say they are in the early stages of a transformation that could accelerate in the coming years
Curex chief: anonymity is key to best execution
Curex and FX Connect sign agreement to provide clients with an alternative liquidity pool
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
CME readies for Bloomberg Index futures launch
CME Bloomberg Dollar Spot Index futures will track a basket of 10 developed and emerging market currencies
Stimpson wins compensation, but less than the maximum
Judge rules in favour of Perry Stimpson in unfair dismissal case against Citi
Stephane Alex's job at risk at BofAML
Alex has worked at the US bank for 15 years, with a strong focus on FX sales for France, Belgium and Luxembourg