News
Ramchandani out as LCG restructures management
LCG suffers a blow as Rohan Ramchandani exits the firm while the broker makes senior hires under Charles-Henri Sabet
Saxo Bank Switzerland appoints new chief executive
Part of the institutional business will be serviced from London or Copenhagen in the future
FX volumes surge as BIS warns of emerging market fragility
Dollar strength could spell trouble for developing world economies
SunGard launches TCA solution for FX
SunGard cites the lack of a reference rate or regulated price venue as the main driver for developing the TCA tool
Westpac opens shop in Shanghai Free-Trade Zone
The Australian bank opens a branch in China's pilot financial area after both countries sign a key trade agreement and Sydney becomes a RMB hub
ACI pushes for adoption of global code of conduct
In response to stern words from regulators stating regulation is only avoidable with industry initiatives
Draghi plans showdown ‘early next year’
Governing council to reassess monetary stimulus in 2015; Draghi says he does not need unanimity to launch quantitative easing
Icap merges EBS with BrokerTec
Michael Spencer combines Icap's e-platforms for FX and fixed income
Regulators highlight dark pool concerns
Bank of England emphasises the potential risks of too much liquidity migrating away from open-market venues
Traders battle it out in final days of Saxo Trade Challenge
The bank's social trading portal has accumulated 300,000 unique users
Citadel hires global head of Ficc
UBS execution head is latest name to join Citadel from the sell side
Vanblarcum joins Thomson Reuters
Vanblarcum takes up head of Emea sales role with the trading platform
TriOptima and DTCC launch trade repository reconciliation service
Service will allow clients to match reported over-the-counter trade details
LCH names Davie as group COO
Michael Davie given new role at London-based clearing house
CME ups bid for GFI as competition for broker heats up
CME has stepped up its interest in GFI Group by increasing its bid for the company, as it hopes to complete a buy-out in 2015
Gelber Group continues FX hires
The proprietary trading firm makes a second hire from the sell side
BTIG expands New York FX desk
Two FX veterans from the sell side join BTIG, adding to the firm's recent expansion in Chicago, with more hires expected
Markets are exaggerating FOMC dovishness, says Goodhart
Charles Goodhart says market participants should fasten their seatbelts and prepare for a bumpy ride as central banks tighten monetary conditions
FCA to probe possible conflicts in barrier options
The UK's Financial Conduct Authority will examine possible conflicts in the trading of foreign exchange options; some participants avoid these products in thinly traded markets
Buy side highlights TCA data issues – FX Week Europe
Trading heads at PGGM and Legal & General Asset Management debate the use of transaction cost analysis in foreign exchange
IMA's Metcalfe joins Bank of England FXJSC - minutes
Richard Metcalfe joins the UK central bank's Foreign Exchange Joint Standing Committee
Benchmark charge does not solve the problem - FX Week Europe
The buy side has questioned the decision by some banks to charge for fix orders, following regulatory fines topping $4 billion