News
Widening fix window is not a magic bullet, industry tells FSB
Broad support for reforms, but industry makes varied counterproposals
Winn joins EBS as head of sales for Apac
Winn joins from 360T and will report to global head of sales Gerard Varjaques
Marex Spectron brings in Kyte’s head of FX trading
Marex has begun to replace the three FX salesmen who left the broker last year with the appointment of Chris Harland in London
Credit Suisse hires head of FX strategy
UBS has seen two senior FX strategists exit in the last few months, with Credit Suisse hiring its Americas head
RBI's Rajan says the euro is too strong - Central Banking
Rajan says the eurozone is suffering from the same problems as EM countries due to spillover effects
Bank of China extends RMB clearing to London hours
BoC's 20.5 hours of service will cover trading hours in Asia, Europe and America
Ice's CLS service cut by JP Morgan
The Atlanta, Georgia-based exchange and clearing house has had its CLS settlement service discontinued, just like CME
Macbeth goes amid DTCC management reshuffle
Childs and McLelland take top roles as Macbeth departs
Thomson Reuters’ FX spot volume down
FX volume continues to struggle as volatility nears all-time low
Trading Places, 11 August, 2014
Cost-cutting measures forces job losses at Icap, while there are changes at HSBC and the Bank of England
Durrant joins Thomson Reuters from EBS
Andrew Durrant switches from EBS to Thomson Reuters after about 18 months in his former sales role
European regulators slammed for uncleared margin ‘sleight of hand’
Possible expansion of firms affected by variation margining earns critique from buy side
UK Treasury launches Bitcoin review
Chancellor aims to make London a global centre for digital currencies
BNP Paribas appoints global FX alpha head
15-year veteran joins BNP Paribas in New York in senior FX role
No Sef clarity required for chatroom trading
SuperDerivatives' claim that more clarity is needed by the CFTC on footnote 88 is dismissed by one US-based platform
Time for clock synchronisation - regulators
Global regulators assess the need for a central reference clock to help investigations into alleged abuse of financial markets
Deutsche Bank adds global head of compliance
With a hire from UniCredit, the German bank joins the ranks of other majors adding compliance personnel to their teams
UBS and Morgan Stanley hire FX spot traders
Both banks bring in FX spot traders in New York amid investigations into alleged manipulation of WM/Reuters benchmark
China's FX options reform to improve corporate risk management
Onshore corporates able to conduct a wider range of risk management approaches following relaxation of the rules surrounding option use
Salmond hammered over lack of ‘Plan B’ for Scottish currency
Yes campaign leader criticised over currency stance in live TV debate on August 5
UBS appoints senior algo trader in FRC division
Following a decade at Barclays, Pierre Vermaak joins UBS
Trading Places, 4 August, 2014
Changes at Credit Suisse, HSBC, EBS, RBS and Barclays this week
JP Morgan appoints senior executive to new compliance team
US bank creates new team within the FX and rates unit, responsible for regulation and compliance
CME Fenics purchase sheds light on broker struggles
Need for a cash injection to ride out current low volatility may lead to further sales, say participants