News
ACI mandates members to commit to GCC
Move means over 9,000 individuals around the globe will be required to adhere to the GCC when released
EC draft rejects single source data model for TCA
Under the proposed RTS for the EU’s Priips, financial firms will not be able to use a single source of data to compile transaction cost analysis
Abide Financial boosts professional services team by two
Adrian Gill and Murray Abel will report to Mark Kelly, the head of professional services
Duhil de Benaze joins JCRA from Nomura
Nomura's former executive director for FX structuring joins the financial risk consultancy firm as director
CLS volumes slightly up in February
Swaps and forwards continue to show steady growth, but spot is down 23% on the year
Corvil serves up fixed-income surveillance tool
The product brings together information on client orders to provide insight into trading performance
BoE deputy governor resigns
Following a damning report by the Treasury Select Committee, Charlotte Hogg has resigned after four years at the central bank
HSBC snags Citi’s chief dealer in New York
Brent Donnelly had been Citi’s chief dealer since March 2014
Nex Optimisation launches regulatory reporting platform
Nex brings several services together into an integrated solution
Citi combines G10 and EMFX trading
The reorganisation follows the retirement of James Bindler, who previously headed the G10 FX business
Hedging strategies unchanged, despite turbulent markets – Citi
Corporate hedging strategies rarely differentiate between developed and emerging markets
US traders most likely to boost algo usage and EM participation
Globally, 38% of 200 FX traders surveyed by JP Morgan plan to extend their use of algorithms
China FX reserves rebound for first time in eight months
PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion
GTX hires Ed Schwartz as MD for institutional sales
Citi's former director will cover global macro and real-money accounts, reporting to John Miesner
Ireland proposes ban on CFD trading
Central Bank of Ireland's consultation paper addresses concerns about retail clients losing money on high-risk products
BoE deputy governor failed to declare conflict of interest
Charlotte Hogg apologises for breaking the central bank's code of conduct after failing to disclose her brother's role at Barclays
Pragma announces LD6 expansion
The move enables the algo technology provider to improve services to its expanding client base
Tim Power trades Deutsche Bank for Morgan Stanley
The FX options trader headed Deutsche’s G10 flow options
Credit Suisse creates centralised global FX options business
Matt Mitchell will lead the unit; the bank merges its Zurich and global options e-commerce business under Francesco Schiavo
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
TradingScreen opens Frankfurt office ahead of Brexit
The firm aims to increase its European business and cater for existing clients by transferring operations to the continent
BNY Mellon appoints Dan Watkins as Emea head of markets
London-based Watkins starts at the end of March, replacing Richard Gill
Mercer: Global Code is a great PR stunt; legitimises front-running
LMAX Exchange chief says the Global Code of Conduct is legitimising last look and pre-hedging, and its authors are misrepresenting the nature of discussions in the MPG
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators