News
Puth: FX must repair its reputation
The BIS global code of conduct needs to be strong enough to close the gaps, but members need to find a consensus
Scope of FX suit against banks widens
Co-operation from banks that chose to settle is helping investors
FX currency funds dip on low risk taking
Only eight out of 31 currency managers report positive results for September
Colt launches PrizmNet in the US
The network provider has now set its sights on cities in Canada, with the aim of accelerating market connectivity
Three more join R3 blockchain initiative
The latest additions bring the total number of banks participating in the project, led by financial innovation company R3, to 25
Yuan falls to one-month low after PBoC rate cuts
The currency's weakening signals investor wariness over developments in China; analyst says ‘record' outflows are feeding through to the offshore forwards market
CFTC's Giancarlo blames dwindling liquidity on bank regulators
Insolvency risk has been transformed into liquidity risk, says the commissioner
Sucden adds three to senior management
The derivatives broker positions itself for further growth and an expected increase in regulatory obligations
StanChart's Knight exits
Chris Knight has worked at the bank for more than a decade, serving as chief dealer in FX in Hong Kong before taking the helm in the east for FX, rates and credit
CLS and TriOptima launch FX forwards compression service
TriReduce FX for forwards and swaps reduces notional outstanding volumes and minimises counterparty credit risk
Gael de Boissard retires from Credit Suisse
Boissard has served as the Swiss bank's co-head since 2012
Connery's James Bond gained more sterling for his buck
He enjoyed more Martinis per pound than any of his successors
Buy side demands new relationship with sales
Firms want more market colour and a change in the role of salespeople
Balance liquidity providers' needs with transparency, says report
LMAX Exchange says over-the-counter will remain the primary trading model in FX, but it needs to adapt to fend off competition from exchanges
Former Barclays trader gains access to FCA evidence
The tribunal's decision could change how the FCA carries out investigations and publishes its findings
Financial Ombudsman rules against CMC Markets
The initial opinion by the FOS follows a complaint over a client's losses – CMC Markets has 14 days to respond
Bank of China launches renminbi-trading centre in London
The capital becomes the bank's second-largest offshore trading centre after Hong Kong
Fry joins Bloomberg FXGO in sales
She previously worked for Citi and Goldman Sachs
US banks see declining Ficc revenues in Q3
It is the second consecutive quarter to see falling revenues for fixed income, commodities and currencies
RBA exchanged $143bn in FX swaps last year, figures show
The Australian central bank uses tool to manage domestic liquidity and short-term reserves amid unprecedented exchange rate volatility; cuts euro from reserves
Thedéen heads Swedish financial regulator
The former president of the Stockholm stock market will oversee the Swedish financial system
Fotheringhame leaves Barclays
Barclays loses the head of automated flow trading for its eFicc business
Citi and Equiniti rejoin forces
The two companies sign a global payment mandate
CME and CCB sign memorandum of understanding
The two companies will offer offshore renminbi future contracts with physical delivery in London