News
Citi and HSBC go live on Capitolis Novation as first prime brokers
The two banks have used the service extensively across their client base
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
IFRS 9 drives appetite for long-dated hedges in Asia
New accounting standard helps manage mark-to-market volatility of long-term trades
Goldman Sachs goes live with smart NDF algo
Initial trades have already taken place with the algo, which draws on internal and external liquidity
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
SocGen shakes up group management amid cost cuts
Grégoire replaces Drouet as global markets head, while Mazaud takes charge of €500m cost-cutting plan
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Perkins promoted to lead FXPB as Citi shakes up prime
Christopher Perkins also runs the US bank’s OTC clearing business
EIB on why it’s the first supranational bank to sign up to Global Code
European Investment Bank adjusts processes to principles of Code, which is heading for its second anniversary
Taendler to retire from Goldman Sachs after 20 years
Recently named a partner, Christopher Taendler helped grow the FX franchise across EM and developed markets
Avelacom opens third point of presence in Tokyo
New PoP rounds out range of low-latency services in Japan amid expansion in Asia-Pacific
Jamaica uses social media to calm markets after FX intervention
Central bank's Wynter says FX volatility is nothing to worry about, but makes veiled warning
UBS wins go-ahead for €32bn Brexit swaps transfer
Part VII approval paves way for transfer of UBS's FX, rates and credit business to Frankfurt
Lebanese pound finds support in newfound political unity
As new government forms, investors are more willing to sell dollars and buy Lebanon’s currency
PBoC sets up department to lead China's financial oversight
Central bank to devise ways to promote international use of yuan
Colombia central bank buys $1 billion from Treasury
Aims to support plan to enhance international reserves portfolio
Isda enlists tech partner in run-up to new IM rules
Body joins forces with AcadiaSoft as industry prepares for initial margin deadlines
Devereux and Hernandes take up FX roles at Barclays, London
The appointments come on the back of other senior hires in the UK bank’s global FX team
Eight banks accused of bond-market rigging in Europe
European Commission will investigate whether the banks colluded
Liquidity the biggest hurdle for traders in 2019 – JP Morgan survey
E-trading poll of 200 institutional traders highlights impact of Mifid II
Fed strikes a dovish tone in January
US central bank will no longer keep balance-sheet runoff on automatic pilot
Eddie Wen named global head of digital markets at JP Morgan
Electronic trading veteran Eddie Wen shifts roles
Refinitiv’s FXall TCA tool goes live
New features will be added to analysis tool at regular intervals in 2019
StanChart to pay $40 million for attempted FX manipulation
UK bank says it now has appropriate control framework in place