News
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
Banks would love to get benchmarking ‘off their plates’ - FX Week Europe
Barclays trader says banks would support a netting utility for fix orders
'Last look' damages profitability, say technology vendors – FX Week Europe
FX Week Europe panellists argue 'last look' is not helping the market to price clients realistically as margins continue to be squeezed
Corporate hedging is all about discipline - FX Week Europe
Pedro Jimenez highlighted the importance of sticking to hedging policies and keeping close to the market
‘Distortion’ of free fix must end – FX Week Europe panellists
Benchmark charging must be introduced to curb manipulation, say FX Week Europe panellists
FCA warns of more fines if culture does not change – FX Week Europe
McDermott delivered a sobering address to FX Week Europe market participants
EBS hires G-10 currencies head
Bill Marsden joins EBS from a liquidity sales position at Thomson Reuters