News
Alpari New Zealand registers in St Vincent as new rules come into force
Retail broker changes jurisdiction to retain trading terms as new rules come into effect in New Zealand
Market relief as CFTC approves final Sef rules
Request-for-quote rules are watered down and voice broking allowed to continue under final Sef rules from the CFTC
Japan to drive 36% rise in retail foreign exchange volumes in 2013
Yen volatility to drive $380 million a day in global retail FX and CFD market in 2013
Japan's Mizuho joins CLS Aggregation Services
CLS and Traiana-backed aggregation engine extends global reach with addition of Japanese bank
Retail brokers report record volumes in the Middle East
Local investors are turning to FX in search of better yields, and are becoming increasingly sophisticated about how they trade. FX Week talks to banks and brokers in the region
FastMatch launches matching engine in London
The FXCM venture, which uses Credit Suisse technology and has backing from BNY Mellon, aims to offer real-time spot FX pricing in Europe
CVC-Betfair deal collapses
CVC’s potential takeover of gambling group Betfair has collapsed, with both sides unable to agree on financial terms.
BNP Paribas releases corporate trading platform
Bank's digital strategy combines tailored solutions for specific client types with an 'app store' model
Buy-side take-up of execution systems threatens ECNs
As buy-side firms reorganise their execution desks, multi-dealer platforms may need to rethink their position in the FX market
UBS loses Francis in FX sales
Sally Francis resigns after 12 years at the Swiss bank
Eagle departs Marex Spectron
Global FX head set to leave the broker in the summer
EBS Direct begins beta testing with four liquidity providers
Icap's push into disclosed FX liquidity takes a further step as EBS Direct enters beta testing
EBS veteran Faulkner joins Integral
Technology vendor's hire of David Faulkner reverses flow of staff from Integral to EBS
Traders surprised by Australian rate cut
Reserve Bank of Australia's decision to cut interest rate to 2.75% came earlier than traders expected
Trading Places, May 10, 2013
Citi hires in options sales, Morgan Stanley's Marfat joins BNP Paribas, while Oanda appoints a new chief executive in Asia-Pacific
Banks welcome EBS latency floor
EBS consults on a new approach it hopes will reduce the advantage of super-fast trading algorithms
Start-up 7Hedge plans to take FX spot to exchanges
New company led by market data veteran Rafah Hanna and former Gain Capital salesman Michael Siwek plans to help exchanges develop FX spot capability
Thomson Reuters launches real-time FX data for RMB
Traders get access to collective volume data for offshore and onshore renminbi for the first time
New global FX options head at Credit Suisse
Joerg Schmuecker takes on new role in private banking and wealth management
BIS: FX OTC markets hold steady, despite regulatory uncertainty
Semi-annual BIS survey reveals a rise in FX OTC derivatives transactions in the second half of last year
Japan trade captivates macro hedge funds
Top hedge fund managers at the Salt conference in Las Vegas are brimming with enthusiasm for Japanese equities as Abeconomics helps weaken the yen and boost economic growth
FXCM and Gain Capital report sharp rise in Q1 revenues
Margin foreign exchange brokers signal a recovery in activity with a sharp rise in first quarter revenues
Commerzbank expands FX sales team in London
Commerzbank builds in FX, hiring salespeople from Société Générale and Credit Suisse
Forex brokers brace for DDoS hacker attacks
While financial software providers offer protection against web attacks, the peculiarities of foreign exchange mean brokers might have to create bespoke solutions