News
BIS appoints Loh from MAS as chair of Markets Committee
Jacqueline Loh is deputy managing director at the Monetary Authority of Singapore
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
CLS upgrades infrastructure channel for settlement members
A new member gateway based on Swift ISO standards is expected to save up to $500,000 per settlement member
ACI’s Woolcock replaces Bailey on MPG
At its Belgrade meeting last month, the ACI council voted to appoint Woolcock as its representative on the Market Participants Group helping to draft the new Global Code of Conduct
Lowe and Sternberg join StanChart
BNP Paribas' former FXPB duo brighten the Eclipse team at Standard Chartered
Pound rises following UK court’s Brexit ruling
The UK High Court ruled that the government needs parliamentary approval before it triggers Article 50
Carney to be grilled on Bank of England exit timing
MPs plan to ask how he has again managed to circumvent UK law designed to fix the length of a governor’s term
Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
Weisberg leaves Thomson Reuters
Global head of FX leaves after four years at the firm
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Philippines central bank adopts renminbi as reserve asset
Central bank joins a cohort of countries adopting the Chinese currency as a standalone asset; governor says it is an important development for a nation so dependent on Chinese trade
ANZ appoints head of markets for Europe and America
Mahnaz Safa joins from Citi, where she headed markets origination for Emea
Edgewater Markets hires Catalanello
FX industry veteran and Credit Agricole's former head of global market sales for the Americas joins the e-FX aggregation firm
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
Tullett Prebon Information to distribute digital currency data
Market data vending arm of Tullett Prebon signs deal with Brave New Coin to circulate 50 digital currencies, including bitcoin
Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
TraderTools appoints new CEO
Andrew Levine joins the board and will work closely with company president Yaacov Heidingsfeld
Goodbody leaves Bats Global Markets
Head of global FX leaves the firm he joined last year, following Hotspot’s acquisition, with Bryan Harkins taking up his role
First commercial DL solution to handle 1.4bn daily transactions
Digital ledger technology will be front and centre of the post-trade battleground
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
Tripathi swaps UniCredit for Capula
He was an emerging markets FX options trader
JB Drax Honoré hires Lomas and Bibby
The two are former members of Barclays' London FX sales team
IMF amends calculation of special drawing rights basket
Exchange rates for SDR will be obtained from a commercial provider by the Bank of England so the method is more “robust”
Citadel Securities provides liquidity for Invast Global
Invast Global's PurePrime facility offers bespoke, optimised FX and CFD liquidity, with multiple trading GUIs