News
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
IMF approves renminbi's inclusion in SDR basket
The move puts the renminbi on course to achieve reserve currency status
SEB shuts down technical analysis desk
Two people have been made redundant, following the Swedish bank's decision to discontinue the production of technical analysis
Evolution of FXPB landscape isn't over yet
Cost of capital and risk control will shape the conversation in 2016
Transparency needs to be balanced by choice
The drive for greater transparency should focus on behaviour and risk management
Spreads need to widen to boost liquidity
Panellists at the 14th annual FX Week Europe conference warn of increasingly illiquid markets
CLS discusses renminbi inclusion with PBoC
The talks, which have been going on for several years, are still in the exploratory phase
EM currencies set for brighter year in 2016
As uncertainty over the timing of the Federal Reserve's rate hike is likely to fade, emerging markets currencies are set for a stronger year
Adopt code or face regulation, warn central bankers
Market participants should embrace the new principles on conduct, say the ECB's Schiavi and Debelle of the RBA and BIS at the 14th annual FX Week Europe conference
Banks eye Traiana for EM FX netting service
Industry turns to the Icap-owned utility as CLS's emerging markets push stalls
China lets central banks use Isda agreements for FX derivatives
China allows derivatives trading based on international standard agreements for the first time; applies only to sovereign investors and FX derivatives
Former Hotspot manager Duke joins BCS Global Markets' UK board
Bradley Duke joins the board as a non-executive director
R3 adds five more banks to blockchain project
The number of participating banks rises to 30 since its September launch and R3 names the first team members