News
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Corporates get ready to hedge renminbi risk
Uptick in renminbi volatility brings more corporates to hedging market
Corporates revise hedging strategies, survey reveals
Wells Fargo's biennial survey marks an ongoing trend among corporates to hedge significant portions of their balance sheet
Beach Horizon loses general operating manager
The hedge fund has seen a senior manager leave in London, as well as its US feeder fund close down after more than four years
Sagurton moves up the ladder at State Street
Changes at the US custodian continue as Rob Sagurton joins from Currenex in New York, reporting to Peter Williams
Citi e-FX sales director departs
Departures in New York continue as an e-FX sales director exits Citi shortly after G-10 FX head Jeff Feig moves to the buy side
Weng Cheng replaces Currie as head of eFX sales
Currie was responsible for eFX sales in the Asia-Pacific region
Fidessa appoints Polen as global head of e-execution services
The appointment reflects changing market conditions, says Fidessa
CCIL-cleared forex forwards volumes double after mandate
European banks begin clearing in India, despite lack of an EU equivalency ruling
Citi appoints Bindler to replace Feig
Following Feig's departure to Fortress Investment Group
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
Barclays cuts FX sales staff in New York
Banking giant streamlines FX sales
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July
GBP/RMB launch a boon to London
PBoC approves HSBC and Standard Chartered as market-makers in GBP/RMB
EBS loses senior sales manager
Former UBS and CME director leaves his role at the Icap-owned firm
NDF clearing set for more delays
'Imminent' NDF clearing proposals look less likely this quarter, as CFTC says a draft has not been formally submitted
Industry relieved over CLS Supreme Court win
Market disruption averted as unanimous decision goes in CLS's favour
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
Sef volumes up slightly in May
Overall liquidity picture still fragile
FX manipulation not a "methodology" issue, says ECB
FX committees of major central banks in discussion about stronger co-ordination
HSBC gains permission to trade GBP/RMB in China
China's central bank says the move will make trade cheaper with the UK
JP Morgan loses senior FX spot trader to Nomura
Paul Davenport is set to take on the role left by Bernard Singer at Nomura following his move to Citi