News
Citi hires senior FX head in New York
The US bank boosts its FX advisory service for corporates
Dutta joins Credit Agricole in Hong Kong
Societe Generale's head of Asia FX options joins French rival
Pennell joins Nomura as executive director
Former CIBC, JP Morgan and RBC Capital Markets veteran joins Nomura as executive director
114 jobs go from bankrupt Alpari UK
The FX retail broker has struggled to sell its assets since the appointment of KPMG as its administrator
Multi-dealer options platform sees record growth
Digital Vega sees 160% uptick in volumes on Medusa in 2014
EBS Direct may cannibalise EBS Market, says Spencer
But innovation will help the broker to avoid becoming "toast"
Tudor portfolio manager joins Visium
Senior portfolio manager moves to Visium Asset Management after leaving Tudor Investment Corporation
Tension intensifies between banks and brokers as SNB fallout continues
Banks and FX retail brokers are at a stand-off as they fail to agree new terms on repricing trades in the wake of the EUR/CHF collapse on January 15
Pressure builds on Denmark as central bank slashes rate
Analysts anticipate the central bank having to cut the deposit rate further, but maintain the peg will survive
360T hires CEO for the Americas
The Frankfurt-based technology firm has expanded its sales operations in the US
Citi takes proactive stance on FX bonuses
Citi's FX traders will lose their cash bonuses if they are let go this year and are seen to have committed misconduct
Esma puts NDF clearing on hold
The European regulator takes a step back from proposing a clearing obligation for NDFs in the wake of market feedback
MFX Compass hires ex-Goldman Sachs exec
In this newly created role, Robinson will oversee the global distribution of the company's e-FX trading technology to institutional clients
Eric Auld leaves BNP Paribas
The French bank looked internally to replace Eric Auld, appointing two experienced co-heads for sales and trading
Gerko to exit GSA and set up market-making business
Head of GSA's market-making team is set to go it alone in July
Messinger to leave BNY Mellon this quarter
His move comes amid a merger of the bank's global markets group with its global collateral services and prime services groups
SNB fallout highlights danger of agency only models
Retail brokers with agency only models suffered steep losses following the SNB decision while principal brokers came out relatively unscathed
FxPro hires e-FX sales manager
15-year financial services veteran joins FxPro in London
Tradition bolsters senior ranks with three hires
Wilson becomes managing director and Torrey joins strategic development at Tradition, while Mountain will lead North American business development for Trad-X
EBS set to unveil new trading platform
EBS brings together all of its liquidity sources in one integrated trading venue
Denmark cuts rate for third time in 11 days
Danish central bank cuts its deposit rate for the third time since the Swiss National Bank decided to abandon its exchange rate commitment; rate now sits at -0.5%
Uptick for Thomson Reuters’ volumes
Overall volumes for all transaction types rose to $350 billion, but spot volumes decreased from the previous month
Saxo Bank seeks to recover negative client balances after repricing trades
Group CFO says the bank's priority is to deal with the situation in a "fair way"
Settlement hopes boosted by US court decision
Judge throws out banks' plea to dismiss FX class-action lawsuit, bolstering the likelihood of more settlements