News
Fiat currencies stand firm against bitcoin
The cryptocurrency is a victim of its own success as strong demand pushes its price up, increasing speculative flows
Mo Grimeh to exit StanChart
The bank is dividing his role between three replacements
Singh-Muchelle to head global broking regulatory affairs at Icap
He previously worked at The Investment Association
TradAir hires Ejodame as global head of customer support
Bob Ejodame previously headed global FX support for Icap-owned EBS
Downtrend in Ficc revenues continues at major banks, Coalition says
Ficc revenues fell 11% in the first half of 2016 and by 33% compared with five years ago
Lenterman returns as chairman of FIA EPTA
He takes over from Mark Spanbroek, who becomes vice-chair
GTX hires Poltavsky for eastern European sales
Regional specialist will focus on the region's currencies, clients
Debelle appointed deputy governor of RBA
Guy Debelle will take up his new role on September 18, replacing Philip Lowe who becomes governor later this month
UK could be post-Brexit winner in Asia
The country could negotiate bilateral trade agreements more favourable than those with the EU, panellists say
Global Code will level playing field, but more prescriptive regulation on way
Creators of the conduct code will push the initiative through, but supplementary rules will hit parts of FX
China may never open capital account fully, panellists say
2020 target for renminbi internationalisation looks remote as China may join countries with asymetric capital accounts instead
Sousa to head Nordic sales at 360T
Minna Lehto Sousa replaces Niklas Blide who is retiring
Flax goes to Broadway Technology
Daniel Flax joins the technology provider's professional services in New York
FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
Former Barclays trader banned and fined $1.2 million by the Fed
Christopher Ashton, ex-global head of FX spot in London, used 'unsafe and unsound practices' to manipulate FX rates
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Spot FX is a ‘bankrupt business’ if economics don’t change
The complexity and choice available to participants has increased at the same time as liquidity provision dynamics have shifted, upending previous business models, panellists say
Buy-side FX trading curbed as margin rules take hold
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
Connectivity comes into focus as liquidity sags
Increasing participation from buy-side firms and deteriorating liquidity conditions boost cloud providers
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
BIS completes draft of Global Code of Conduct phase two
The FXWG plans to send the document to various FX committees in the coming weeks
Uncleared margin kick-in raises clearing-house rules
In the run-up to the new rules coming into force in the US and Japan, volumes surge on ForexClear
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity