News
Renminbi's share of global payments slides
China's currency holds sixth place globally, but its overall share continues to shrink, Swift says
CloudMargin joins SmartDX for variation margin solution
Market participants gain a product that will help speed up their repapering agreements
Simon Jones joins 360T
He will lead the trading platform's product growth efforts and sit on the global executive board
Imperial FX secures investment
A £50 million injection from a European company will enable the money transfer firm to launch its online platform
Singh to lead Sucden's push into prime
Softs broker Sucden looks to build out its institutional credit intermediation service
Rivelli joins HSBC
He will run the bank's FX options correlation book
TradingScreen makes two hires to boost e-FX sales
Thomas Mullooly is to be based in New York while Norliza Kamardin works in Singapore
Tradition and LMRKTS deliver initial margin optimisation
The two firms conducted a live run, resulting in the processing of 132 sides of trades within eight minutes, nine seconds
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Regulation doesn't get you to a better place than principles
Despite scepticism about the efficacy of the GCC, panellists say regulation is just as hard to interpret and can have unintended consequences
Counterparty diversification held back by banks, panellist says
PGGM investment manager says pleas to add NBLPs to the counterparty mix are ignored by banks and platforms
Undervalued emerging markets remain attractive
But uncertainty and geopolitical risk may stand in the way
Le Pen is biggest threat to European economy
A win would raise questions about France's membership of the European Union and the future of the euro
CME to go live with triangulation and monthly FX futures
Triangulation will link futures, and both volatility- and premium-quoted options markets on February 27
Another Citi FX trader wins unfair dismissal suit
Employment tribunal rules in favour of Baris Ozkaptan
Yip joins Dymon in Singapore
Dominic Yip joins the investment firm from Credit Suisse, where he was head of G10 FX options
Global Prime Partners launches structured products business
UK clients will gain access to a range of issuers
Credit Agricole conducts FX forwards with Orchestrade
The bank is migrating all front-to-middle processing of vanilla and structured products to the platform
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
New interim CEO for FXCM, renamed Global Brokerage
Founding members Niv and Ahdout resign following US ban from the CFTC and NFA. Meanwhile, the publicly traded company that owns FXCM Group will trade under a new name
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
SNB risks friction with US due to FX policy
Switzerland could face being labelled a currency manipulator as the Trump administration takes aim
Banks gain no relief from CFTC's variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions