News
Cobalt hires three and opens New York office
Darbari joins as COO and head of US operations, Light leads product, and Nelson heads solution delivery and support
MarkitServ sees tenfold hike in NDF clearing volumes
The firm is in a test environment with FX options and believes they are a candidate for Q4
BNY Mellon looks to re-enter FX prime brokerage, say sources
FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
360T launches ECN and announces new record volumes
Platform confirms launch of 360T ECN in April; hits all-time high on April 18 and sets record ADV
Pushack ditches JPM for Mandelzis
James Pushack has left JP Morgan's FXPB and clearing solutions sales team
European FXPB head resigns from Deutsche Bank
Mike Cooper stepped into the role in February 2016
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
Sucden Financial launches OTC options tool for FX
Broker partners SuperDerivatives to provide clients with pricing tool and independent data
Molly Duffy moves to Standard Chartered as head of sales
Duffy, who was previously at Credit Suisse, will also serve as co-head of financial markets in the Americas
INTL FCStone launches cross-border payments intelligence portal
Global Payments Network aims to give clients actionable news and analysis from local markets
John Gaudino trades Barclays for Citi
He will be a G10 spot trader in New York
Last look settlement fund could hit $1 billion in US
Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases
FCA publishes final Priips rules
“In calculating costs associated with FX, the arrival price must reflect a reasonable estimate of the consolidated price" – FCA
Curry out; Noreika steps in as acting comptroller of the currency
Curry was sworn in as the 30th comptroller on April 9, 2012; lawyer with banking regulation experience replaces him
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Fenics Market Data hires two in the US
Fitzpatrick and Machado will be based in New York
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
Apac overtakes Emea for exchange-traded FX, says WFE
The move is largely due to higher volumes of rupee futures and options being traded on India’s exchanges
EBS BrokerTec becomes Nex Markets
Average daily volumes on the venue fall 12% in April, compared with March, and slide 7% versus April 2016
Late LEI registrations might not be ready for January 2018, Gleif says
If firms leave their LEI registration application until the last quarter of 2017, they might not receive their identifier in time
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
Retail brokers hike margins ahead of French election
IG Group, FXCM and Saxo take first steps to reduce risk for clients, while others will take action later this week
XTX Markets appoints Eric Swanson as CEO for Americas
Swanson departs Bats Markets after nine years and will start his new role on June 1