News
IMF freezes SDR, but will still decide on renminbi this year
Decision comes a week after historic yuan devaluation
Individuals to come under fire in FX cases within a year
The outcome of the first Libor trial will have significant influence on FX investigations against individuals
TR Matching launches half-pip pricing in EUR/USD
And slashes data update frequencies to 100 milliseconds
China pauses renminbi devaluation
Move signals short-term rate is stabilising, but analysts warn the risk-off environment prompted by Tuesday's shock announcement could cause sell-off to escalate
Provenzano and Mellone join GTX sales team
Reporting directly to global head of sales John Miesner
Matsko joins Portware as head of FX
After leaving 360T, where he was head of sales for Americas
Wykes set to join Standard Chartered
After leaving Bank of America Merrill Lynch
Abyaneh leaves HSBC
FX options trader steps down to take time out of the market
Murray quits Citi
Nine-year veteran of US dealer is understood to be poised to take up a new role at another bank
CSC to acquire Fixnetix
A final deal between the two firms is expected in Q3 2015
Saha replaces Roy as CCIL risk chief
After Siddhartha Roy retires from the Indian FX clearing and settlement firm
Markit launches electronic confirmation services for FX
The service matches FX option trade terms to generate legally binding confirmations, recorded centrally
Tom Hayes found guilty of rigging Libor
The former UBS and Citi trader receives 14-year prison sentence
HSBC expands FX probe arsenal to $1.3 billion
The provisions relate to criminal enquiries by the US Department of Justice, the Federal Reserve Board and others
CLS develops cleared FX settlement service with LCH.Clearnet
Designed specifically for central counterparties and cleared FX products, the service aims to minimise risk in the industry
Thirlwall quits HSBC to rejoin Barclays
He returns to the UK bank after four years
Kyhl joins Saxo as chief operating officer
Kyhl will take on the new position in 2016, while Wegloop becomes chief experience officer in October
Killen quits Santander to join RBS
In his new role, Mike Kellen is working with Simon Manwaring again
IG chief executive to step down
Timothy Alexander Howkins leaves the company after 16 years
Ruble plummets on Fed rate hike expectations
As speculation on the timing of a Fed rate hike heats up, emerging market currencies are tumbling
China market turmoil won't affect SDR decision, says Lagarde
IMF chief defends government efforts to prop up stock market and praises reform tempo at first-ever virtual press conference
EBS and TR launch corporate push
As both platforms expand FX services aimed at treasurers
European banks report mixed results in Q2
Barclays warns on further potential investigations and fines
BIS starts code of conduct work
FX working group had first meeting in Singapore