News
FX Focus - Look back in Anger
The use of last look orders by liquidity providers is coming under more scrutiny, as some participants allege banks are gaining unfair trading advantages over buy-side firms from the practice. Are these concerns justified, and how can the industry…
Last look orders come under scrutiny
Banks engaged in "unfair liquidity provision" that could turn into next FX scandal
Nomura's head of e-FX trading set to leave
Leal's departure comes hot on the heels of several changes on the bank's FX desk
EBS appoints Hooker head of EBS Market
Gil Mandelzis makes sweeping changes to EBS's executive management team as Darryl Hooker is appointed head of EBS Market
FCA seeks input on wholesale financial markets competition review
Industry to have its say on competition review
Caplin appoints new Americas manager
Former Markit product distribution manager Ed Magee has joined Caplin to lead the business for the Americas under John Ashworth
Iskandar Najjar joins ADS Securities
Responsible for furthering retail and institutional sales
FX Focus - Emerging uncertainty
With volumes of G-10 currencies dipping, banks are switching their focus to over-the-counter emerging market flows. But while there has been growth on this front, all is not rosy in the garden – dealers are struggling to get EM trading algorithms off the…
RMB-ready exporters have edge as Chinese trade links grow
Chinese firms prefer foreign corporates with RMB experience
Nichola Hunter leaves EBS
Hunter had worked at the firm since 2003, most recently as co-head of EBS Market
FX traders focus efforts on improving trade surveillance
Auto-hedging, risk management also key, while regulation is seen as opportunity rather than risk to businesses
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
Traders could face extradition to US in fixing lawsuit
FX participants could face extradition to the US on antitrust charges following a successful attempt to serve justice on an Italian national in April
US Bank replaces retiring head of FX
FX veteran Drew Gross has retired from the industry after more than 30 years, ending his 3-year spell at US Bank
Trading Places, July 7, 2014
Moves in FX sales positions at JP Morgan and Nomura, while GTX appoints business development head
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
Regional banks capitalise on local edge
Emerging market currencies benefit from readily available technology and expertise
JP Morgan names new FX options head
JP Morgan has turned to the head of FX options in Asia to fill the shoes of previous global head Kayhan Mirza who left in March
RMB exchange-rate freedom for Chinese banks
Chinese central bank also widens RMB trading band
Goldman Sachs appoints Sydney-based Ficc sales head
The US bank promotes 15-year veteran Nell Hutton to run Ficc sales in Australia, reporting to Simon Rothery and James Houghton
Sigma Broking appoints FX desk head
Former UniCredit FX derivatives head moves to Sigma Broking after several months away from market
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
Kotecha quits Credit Agricole for Barclays
FX strategy veteran Mitul Kotecha has left the French bank after 14 years to work under David Fernandez at Barclays
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel