News
City Index: yuan likely to weaken as US-China trade war drags
China could depreciate its currency further if tensions escalate
Johnson loses appeal in HSBC frontrunning case
Case relates to $3.5 billion fixing transaction that HSBC executed on behalf of Cairn Energy
BNPP enhances Cortex with on-the-fly controls and personal assistant
French bank brings SDP into new era with suite of interactive trading controls
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Eurex to launch cross-currency swap clearing ‘within weeks’
Clearing service will target dealer-to-dealer trades before later rolling out to clients
Boehler joins UBS as global head of FX distribution
BNP Paribas’ former co-head of FXLM and commodity distribution moved this month
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
Tradefeedr partners Goldman Sachs, UBS and XTX Markets
The Tradefeedr tool aims to replicate analytics used by banks and large market-makers when pricing counterparties
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
Soliman moves to retail FX broker GMO-Z.com for institutional push
Former Stater Global Markets chief executive says GMO-Z.com has potential as disruptive institutional offering
Margolis moves to JP Morgan Private Bank
Citi’s former global head of FXLM bank sales joined the firm this month
Shing becomes sales director at Euronext FX
Former RBS FX sales specialist also worked at FXall and Bloomberg
BidFX recruits Wai Kin Chan
Morgan Stanley’s former head of e-FX, bank sales and prime brokerage for Asia-Pacific joined earlier this month
Algo fears spark hunt for neutral checks on FX Code compliance
Banks seek third-party quantitative methods for confirming activities done in their names are aligned with the principles
Goldman Sachs to revive FX desk in Sydney
Superannuation fund growth attracts the bank, as Australia and New Zealand clients represent increasing proportion of regional FX flows
Capitolis hires Molluso as CFO
Joseph Molluso is set to join the firm in October
LCH and StanChart tout rival routes to cheaper margin
Panellists at FX Week Asia conference say participants should start thinking about margin optimisation sooner rather than later
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Markets look for yuan to reach 7.50 amid rising trade tensions
Scaling up of tariffs could weaken the renminbi further, say panellists at FX Week Asia conference
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Argentina reimposes currency controls as peso plummets
Authorities aim to stem depreciation of peso, which has fallen 23.9% against dollar since August 11
Bock takes sales role at CLS in New York
John Bock joins the settlement utility firm from Societe Generale, where he headed e-commerce FX for the Americas
Yount takes up sales role at Euronext FX
Kelly Yount brings more than a decade’s experience in sales, prime brokerage and management to the platform
Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors