News
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Clearing to become cheaper alternative to PB for most clients
IDX panel says it’s doubtful FX will ever see a clearing mandate
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
Riksbank opens procurement for development of e-krona
Central bank intends to commission platform for electronic central bank payments in 2020
Tradepoint hires e-trading professional Dias-Patel from JP Morgan
Several more appointments planned to support expansion of new London office
Itarle to open New York office, co-locate at CME
Swiss best execution and TCA provider set to open NY office and co-locate with CME
Credit Suisse adds Tretola and Osterman to FX team
Bank says recent hires signal ongoing investment in FX platform and strategic importance of markets franchise
CloudMargin taps TriOptima’s Connolly for CEO
Stuart Connolly, who served as TriOptima group CEO since 2017, will take over from Steve Husk
Sharma promoted at Nomura
Saurabh Sharma joined the bank nine years ago, and was a vice-president responsible for e-FX distribution in Asia
Former TradAir CEO founds Neural Engines
Virat Tolat was CTO at Integral for 19 years earlier in his career
Paul Lonsdale retires from 360T
Liquidity manager spent nine years at Lucid Markets, one of the world’s first non-bank market-makers
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Tandon joins Barclays’ EM options team
Options expert joins from BofA Securities where he traded EM products
Stater to withdraw from prime-of-prime
Launched in 2016, Stater Global Markets has focused on smaller hedge funds and retail brokers
Regulators must do more to assess risk of crypto assets, says FSB
FSB members differ on how to tackle international co-ordination
Brixton joins Credit Suisse Singapore in FX trading
Archie Brixton moves to new role after spending four years at Nomura in London
Buy side said to target sell side with Code compliance
Two years in, buy-side participation remains low, as some cite barriers to the adoption of conduct principles
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
China cracks down on illegal FX trading
Market participants call for legal pathways to trade on monitored platforms
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Nomura grows digital wholesale office with global e-trading strategy team
Bank accelerates expertise in electronic trading space with group of 100 international specialists
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”