News
R5FX goes live in Singapore
Trading begins on the platform, following authorisation from the Monetary Authority of Singapore
Pragma algo to exploit unusually predictable fix trading patterns
Five-minute fixing window created highly readable patterns
Citi's Hamilton heads to FastMatch
Former vice-president of eFX at Citi takes up sales director role
Lawyers take FX fight to StanChart subsidiary
After a US judge says she lacks jurisdiction over the parent firm named in the class-action suit, lawyers reload for new target
Top central banker defends Indonesia’s hedging requirement
Bank Indonesia’s senior deputy says the country’s $168bn foreign debt burden is safer than it looks
Saxo Payments offers corporate access to real-time FX trading
Banking Circle Real-time FX promises to eliminate the need to turn to banks for foreign exchange trading or payments
BGC appoints McMurray as CFO
He replaces Graham Sadler, who is retiring
Sell-side shift creates opening for OMS vendors
With the buy side moving in a multi-asset direction, sell-side firms are tailoring their desks to meet new demand. Broker-dealers now want their order-management systems to do more
Retail FX hots up in Australia as traders' risk appetite grows
Volatility in 2015 boosts retail activity, but traders prove fickle with platforms
Eagle and Holmes launch agency broker Aquila Markets
Firm will focus on providing high-quality coverage and execution services for FX
Brexit will threaten London's FX dominance – survey
Poll of foreign exchange professionals shows 80% believe the UK will vote to stay in the EU
CME confirms Houston as new global head of FX
The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role
Thomson Reuters buys full control of WM/R
The firm now owns State Street Corp subsidiary The World Markets Company and with it the FX benchmark
FlexTrade boosts APAC presence with three hires
Wong, Khan and Enstedt join the multi-asset OMS and EMS provider
Wong joins Gain GTX sales with North Asia focus
Ivan Wong moves from EBS, where he held a similar role
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir
Fintech could spur two million banking job cuts
US and European banks could cut up to 30% of their workforce in the next decade, suggests a report from Citi
HSBC makes internal FX changes
Greig will head spot trading for Emea while Young takes over from Pavitt
Pepper leaves State Street
Simon Pepper crosses over to French bank Natixis in London for FX sales role
Morgan Stanley's White to join Citadel Securities
Nicola White is moving to the market making arm of the hedge fund as global chief operating officer for Ficc
Tullett Prebon shareholders approve Icap broking buy
Finalisation of the deal is contingent on regulatory approval
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Giancarlo to regulators: give blockchain innovators space
CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment