News
State Street centralises Currenex liquidity access
Firm aligns trading and clearing processes across asset classes
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Senior FX departures highlight changing market structure
Issues ranging from low volatility, benchmark investigations to regulatory change have led to senior participants leaving the the market either temporarily or permanently
Goldman Sachs loses key FX staff
Goldman Sachs saw two senior resignations in its foreign exchange business last month
Suspended traders prepare to fight back
Traders prepare to defend actions that have led to suspension of dozens in connection with the global FX probe
Three-quarters of RMB participants feel depreciation pain
RMB volatility rises as PBOC forces currency down against USD
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
CIBC beefs-up corporate solutions group in New York
20-year capital markets veteran Bernard Garra has returned to the industry at CIBC in New York following BBVA departure last year
European Court of Justice knocks back UK Treasury’s FTT challenge
Treasury must wait until FTT is properly fleshed out before challenging again
Sterling strength cuts £3.5 billion off UK dividend payments
Rises in sterling against the US dollar and the euro have wiped billions off UK investors' dividend payments from some of the largest companies
Deutsche’s global head of FX set to retire
After more than 18 months as global head of FX, Kevin Rodgers is leaving Deutsche Bank and the FX industry after a 24-year career
Millennium Global hires managing director for Asia
Former head of Overlay Asset Management for Asia-Pacific joins Millennium Global in London
Richard Farrell joins Integral as managing director
Integral hires Farrell in New York as managing director for business development and sales
Best execution driving demand for pre-allocation aggregation, says Traiana
Settlement and reporting of block trade made easier under new service
Buy side needs to attach costs for execution
Investigation into currency benchmarks is the result of asset managers outsourcing execution to banks at no cost
Trading places, 28 April, 2014
Departures at Isda and BHF Bank, while the FCA employs two senior advisers
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Gain Capital loses key GTX figures
The institutional arm of retail broker Gain Capital has seen Joseph Wald and Peter Cronin leave the firm in New York and London
Barclays appoints new FX flow options head
Barclays has promoted internally in New York to replace Gugesh Guganeswaran, who left for the buy side late last year
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly
Kantox forms European FX advisory board
Peer-to-peer platform attempting to stay ahead of FX market changes