News
Labour’s tax on UK FX trades lambasted
Opposition party’s pledge to tax FX “50% of transactions costs” will hit jobs and investment, claim trade-cost experts
JP Morgan trader Aiyer guilty of price-fixing conspiracy
Akshay Aiyer is second currency trader to be convicted in US’s ongoing probe into FX market
Winners of the FX Week 2019 Best Banks Awards
The awards acknowledge excellence in foreign exchange
iBanFirst expands with NBWM acquisition
More than 1,000 clients will gain access to a variety of FX products and services
Hamberger to head e-FX at Credit Agricole
The bank's former global e-FX product manager is promoted
Credit Suisse uses neural nets to call minute-ahead FX
Bank encases AI in ‘control framework’ to curb risk and will stick to micro timeframe for now
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
Argentina’s currency controls help stabilise peso and reserves
Uncertainty about the fiscal policies of the incoming president is contributing to falling bond prices
Russell Sears joins TradAir as chief revenue officer
Previously, Sears worked at State Street's Currenex and FX Connect
Refinitiv’s Barrow becomes global head of benchmarks index business
Industry veteran has 20 years’ leadership experience at Bankers Trust, Deutsche and State Street
Afme calls for pan-European crypto-asset taxonomy
Industry body urges EU lawmakers and stakeholders to become leaders in delivering common regulatory framework for digital assets
Wilkins promoted to Ficc Emea role at Goldman Sachs
David Wilkins was previously head of global e-FX sales
Chatroom dealings can benefit trading – Aiyer case expert witness
Academic finds 162 examples of traders matching each other in rand chatroom, generating savings of several thousand dollars per trade
CLS introduces first data product for FX forwards market
In the past, CLS only provided data products for the FX spot market
BNPP appraisal challenges Katz’s credibility
Former trader’s supervisor highlighted poor performance on FX swaps and bad risk management in 2011 review
Ramchandani: chatroom put interest of banks above greed and profit
Former Citi trader ready to drop US lawsuit if reinstated by Citi
Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
Katz pushed complicated trades off on Aiyer
Former Barclays trader lost large trade when defendant delayed pricing it for him
Ramchandani seeks reinstatement at Citi in unfair dismissal case
Judge says statutes require the court to consider such a request over compensation
Baggioli appointed COO at M-DAQ Group
Former global head of FX prime brokerage at BNP Paribas has been promoted
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Integral and Jefferies partner to cut buy-side costs with TrueFX
By centralising credit, liquidity and technology, costs could drop by up to 80%
Singapore develops multi-currency blockchain network
Prototype developed in tandem with JP Morgan and Temasek enables payments to be carried out in different currencies
R5FX: rupee NDF volumes will grow after CNH-type setup
Offshore rupee trading will increase despite RBI’s move to encourage onshore trading, it is claimed