News
Crypto assets have little impact on monetary policy, says ECB team
Task force concludes crypto assets do not fulfil functions of money
BNY Mellon loses global head of FX options
Sam Osterman joined in January 2018 and ran the newly launched FX options business
Strong dollar weighing on trade, says BIS
Advanced-economy monetary policy may have made the problem worse
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Tradepoint’s ‘all-you-can-eat’ pricing model challenges FX algo market
Fixed-fee for unlimited usage lets clients design algos or pick from existing ones that mimic established offerings
Freeston and Flowerdew regroup at DF Wealth Management
Former Currenex sales specialists set up business providing financial advice to UK-based private clients
Marsden becomes head of e-FX quant trading at NatWest Markets
Previously, he managed the e-FX Asia trading business in Singapore
Want to catch misbehaviour? Watch the electronic chat
“It’s amazing how many people have arguments on chat” – BNP surveillance executive
European Commission fines five banks €1.07 billion for FX rigging
Cartel members co-ordinated trading strategies and exchanged client information
Shortlist for 16th FX Week e-FX Awards announced
Winners will be recognised at event in New York on July 11
Genesis product aims to speed up time to market
Creative Studio provides capability to build and customise web-based solutions with minimal coding
Wallis promoted at Morgan Stanley, Hong Kong
New role follows 10 years in prime brokerage sales at the bank
Tsim joins Crédit Agricole in Hong Kong
Jim Tsim was previously an EMFX trader at State Street
Former astrophysicist to overhaul BNY Mellon macro strategy products
Brought in from State Street, John Arabadjis will also supervise the bank’s analytics team
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Scanlan opts for TD Securities role
Tim Scanlan joins the Canadian bank’s EM sales team in London
Darryl Hooker sets up Harperdan Consulting
Former co-head of EBS Brokertec Markets advises on emerging markets, disruptive sales and FX Global Code
Offshore renminbi futures set new record at SGX
Number of USD/CNH contracts traded on May 10 rose sixfold in a week
Industry pushes back on Citi’s FXPB cost claims
Rivals question apex brokerage’s calls for executing brokers to make up mispricing shortfalls caused by incoming rules
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
Vogel leaves SocGen, goes to buy side
After two decades as a bank FX options trader, Will Vogel moves to asset management space
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
Venezuela to adopt more flexible exchange rate
Liberalisation and US sanctions on oil industry likely to boost inflation, say analysts