News
Carlier scores partial win against Lloyds
The former trader wins his unfair dismissal claim, but the judge rules he made no protected disclosures. The decision limits the payout he can claim
Banks move towards active compliance
Banks are taking a less passive approach and striving to spot wrongdoing early on
Smart resigns from RBS to join XTX Markets
XTX Markets confirms Jeremy Smart's move
Hopkins and Eggleston leave Morgan Stanley
Amid wide-scale cuts to the bank's FX and rates business, which, say sources, will hit 40% of the London team
Le Gallais joins BGC Partners as MD with Swiss focus
BGC plans to expand its presence in Switzerland as more buy-side firms set up shop in the country
Metcalfe exits Investment Association
As the trade body disbands its regulatory unit, Jonathan Gee also leaves
Syn to lead expanded derivatives unit at SGX
Michael Syn takes up his new post amid an organisational restructuring at the Singapore Exchange
Non-banks up the ante in Asia's FX markets
Primary providers are seeing their market share for spot and derivatives erode as corporates turn increasingly to non-banks, new research shows
Obituary: Steve Nicholson
Nicknamed Nico and Rock, Nicholson's friends are invited to celebrate his life on December 11 at the Jamaica Inn Tavern in the City
Iorio departs Barclays after seven years
Jim Iorio, head of global FX and commodities distribution, leaves the UK bank
ECB takes steps to discourage trading on euro reference rate
The European Central Bank delays publication of the euro rate until 15:00 GMT and warns it may delay a whole day if trading activity linked to the rate does not decline
Dangerfield appointed interim CTO at FXecosystem
Matt Dangerfield brings 19 years of ultra-low latency experience to the connectivity provider
Saxo signs partnership with JSC Galt & Taggart
The new partnership aims to bolster Saxo Bank’s business platform for its institutional client base
Renminbi payments double between China and Japan
But while the Chinese currency is booming, trading volumes in the wider FX market fell in November
Pillitteri and Jerome among Morgan Stanley exits
The US bank levies staff cuts of 25% in FX and rates globally
Power shifts to PBs in new credit landscape
"My utmost concern is to make sure my prime broker is happy," says ADS Securities' chief operating officer
Two quit Commerzbank
Hugo Ohta, vice-president on the G10 derivatives desk, leaves after two years in the job
FXecosystem shaves 2 milliseconds off London-New York round-trip
The connectivity provider for the FX industry reduces latency further between the two cities
CLS and Markit extend FX settlement to cross-currency swaps
The currency settlement utility and global provider of financial information services join forces to tackle the growing demand for clearing solutions in the swaps market
Humphrey joins Euronext as head of fixed-income, rates and FX strategy
Former Tullett Prebon chief executive joins the French exchange as head of fixed-income, rates and FX strategy
FX can protect the portfolio during shocks
While not always providing spectacular returns, holding foreign exchange as part of a wider portfolio can be extremely valuable
JPM and Citi stay top of Coalition's Ficc rankings
The two strongest performers in the third quarter were JP Morgan and UBS
Walsh exits Lloyds Banking Group
Michael Walsh leaves after spending four years at the UK bank
FastMatch hires UBS's Ainsworth as global sales head
FastMatch plans to triple its sales team over the next six months