News
360T secures new investment
Summit Partners is to take a majority stake in the Frankfurt-based trading platform provider
Lawrie to retire from senior trading role at BNY Mellon
The trading head’s responsibilities will be shared between Jack Moss and John Riesmeyer
FX strategy duo departs UBS
FX strategists Taso Anastasiou and Manuel Oliveri were based in Zurich with the Swiss bank
Tradeweb joins multibank FX options fray
The launch of Tradeweb’s multibank platform for FX options puts the vendor into competition with a host of other new platforms
SocGen’s ex-FX trading head calls for apology over unfair dismissal
Didier Meyer, who along with Eric Leandri was cleared of allegations of unauthorised trading earlier this week, is disappointed by SG’s failure to apologise for unfair dismissal
Industry establishes STP guidelines for offshore yuan
Swift releases guidelines to improve processing for offshore yuan transactions
ING restructures sales force in London
Michael Dryden, previously head of financial markets sales, has moved to a new role in the fixed-income team
FXall listing gets off to a soaring start
Shares in FXall surged on the first day of its IPO on the New York Stock Exchange, with participants expecting it to move into new initiatives as a public company
Euro sentiment turns upbeat after Greek deal
Politicians and strategists are cautiously optimistic on the euro, despite the considerable challenges that might lie ahead
Latest turnover figures tell positive story for FX, say committee members
Steady volume rises in US and UK indicative of healthy state of foreign exchange markets
LCH’s ForexClear awaits regulatory approval
FX clearing platform for NDFs is ready for launch, pending regulatory approval, LCH.Clearnet confirmed in its annual report today
Lloyds promotes Adam to head FX structuring
Jeremy Adam began his new role last month, having first joined Lloyds from Barclays Capital in October 2010
ITG hires FX analyst to boost TCA effort
Jim Cochrane joins the vendor from Thomson Reuters, having also worked at a number of banks
Uralskaya joins SEB in Moscow
She was previously on the treasury FX sales desk at Citi
Revolving doors in FX strategy at Aussie banks
ANZ and NAB have both lost FX strategists, but ANZ has recruited Andrew Salter from the Reserve Bank of Australia
Faros Trading continues hiring spree
Tom Doyle joins the Stamford-based firm from Morgan Stanley in New York
Emir clearing rules agreed, but calls grow for extension to Esma deadlines
Delays in the adoption of Europe's new clearing rules have eaten into the time Esma has to meet its June 30 rule-writing deadline
Afme liquidity conference: Buy side urged to stand up and be counted on regulation
Speakers at Afme conference call on buy-side firms to join the sell side in lobbying regulators and ensuring the future market structure is appropriately calibrated
Afme liquidity conference: Costs of FX clearing will be punitive for all
The cost of implementing FX clearing and reporting services will be too high for more than a handful of top-tier banks to do it effectively, creating the possibility that demand might not be matched by supply, FX bankers warn
Afme liquidity conference: Buy side pushes for greater control of FX execution
Tools such as transaction cost analysis and execution management systems, traditionally deployed in trading equities, are becoming more important for buy-side FX traders, says Axa IM’s FX trading head
Greatest risk of regulatory arbitrage is for non-cleared FX, says Esma's chair
Bilateral collateralisation might not be applied to FX swaps and forwards under the Dodd-Frank Act, but will be applied in the European Union, says Steven Maijoor
HSBC builds out London RMB centre
Key appointment made to drive growth and strategy for the development of London as an offshore renminbi trading centre
Bonus season sees mixed results for US bankers
Recruiters covering the foreign exchange market report better-than-expected bonus packages at Citi and JP Morgan
Corporate backlash on costs of regulation continues
Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate