News
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
TraderTools boosts native ruble on network
The firm continues to build out its availability of emerging markets liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
European Ficc revenues paint mixed picture
Not all European banks benefited from the uptick in volatility following Brexit
Regulators fail to address key issues in FX, participants say
While they see some positives they believe there's still oo many practices open to abuse
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
ADS hires Kwok to bolster prime-of-prime team
Louisa Kwok joins from BNP Paribas
Waters leaves transactional FX role at HSBC
Betsy Waters was head of transactional FX, Americas
Tullett partners GMEX for FX options solution
Plans to launch a hybrid voice and electronic-trading platform
Pena joins Morgan Stanley in London
Andrew Pena leaves Goldman Sachs after 17 years to head real money and hedge fund FX sales for Emea
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
TriOptima and CME complete first ever LatAm compression cycle
Eliminating over 35% of cleared notional outstanding, equalling around $664 billion
Barclays trims eFX sales team
Top management of merged execution and eFX sales made redundant
Kar heads to Morgan Stanley in Hong Kong
He joins the US bank at the end of the month
Gerry Harvey becomes new FMSB chief executive
Harvey becomes the first head of the independent body created to raise standards in Ficc markets
Former Barclays chief joins Currencies Direct as non-exec chairman
Antony Jenkins becomes group chairman of non-bank payments and foreign exchange provider
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
Bank of England cuts rates and expands QE
UK central bank cuts borrowing costs, expands quantitative easing and announces £100bn funding for lending scheme
ADS loses chief market strategist
Nour Eldeen Mufeed Kh. Al Hammoury will set up independently
Platform volumes dip in July, but grow year-on-year
ADV inch lower for institutional FX venues after a Brexit-boosted June, but there is still growth, compared with 2015