News
BAML chief dealer in New York departs
Milko Campusano has left Bank of America Merrill Lynch after 12 years, departing shortly after the head of spot for EMEA in London
No full disclosure on FX scandal in 2014, says FCA's Wheatley
Martin Wheatley, head of the UK's Financial Conduct Authority, says ongoing investigation unlikely to be concluded this year; laments prevailing culture of ‘ethical flexibility'
Asset managers are most significant non-bank market participants
Head of banking at Bank for International Settlements highlights growing role of non-bank market participants in FX
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
Lab49 unveils platform partnership with UBS
Technology consultancy has been working with UBS on its Neo platform since 2010, the firm reveals today
Morgan Stanley promotes Jerome to head FXEM in Emea
New role for Oliver Jerome in London; other moves at Deutsche Bank, National Australia Bank and UBS
Buy side steps in as banks tire of delegated reporting
Buy-side firms are offering delegated reporting for clients as banks understood to be weighing up whether to continue offering the service
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
RMB volatility slows corporate hedging activity
Demand for structured forwards down by 80% as corporates wait for RMB to stabilise, dealers say
London RMB clearing bank likely to be Chinese, says RBS
Renminbi trading in London is likely to be run through a Chinese clearing bank, say market participants, following the agreement due to be signed on Monday
Barclays FX options director exits
Two FX options traders have left Barclays this month in New York and London, with both set to join a rival firm
Buy side prefers voice trading to electronic execution
Some firms have claimed e-FX trading figures are not a true reflection of how many firms on the buy side operate in the market
Rob Maher joins Nomura as global head of electronic markets
Fixed income electronic sales head leaves Credit Suisse after more than a decade to join Nomura in New York
Forex clearing drives Nasdaq OMX reorganisation
Global market services unit designed to improve trading transparency for exchange’s clients
Citi reorganises G-10 FX
Citi creates first global spot FX role, which brings e-trading and voice trading under Richard Bibbey in bank re-shuffle
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants
Nomura's global head of FX leaves bank
The Japanese bank has seen Jai Rajpal exit after almost two years in London
Nemat Shafik secures new BoE role
Shafik arrives and Paul Fisher shuffled to the side in BoE shake-up
FX sales co-head leaves RBC
Patrick Bauné has left the Canadian bank in London after more than three years at firm
Morgan Stanley FX and emerging markets co-head departs
Steve Glynn has left the bank in Hong Kong after 14 years, with fixed income sales head Ben Falloon set to take up his responsibilities in the region
BAML embarks on Ficc reshuffle
Tom Klocker and Michele Foresti have joined BAML in London to take on senior roles as part of the bank's Ficc strategy
Virtu's IPO: the $100 million question
Alessandro Pasetti writes about investment strategy and assets valuation for banking clients mainly based in London and Europe. He previously worked for Dow Jones/The Wall Street Journal doing M&A research for the IB community. He has worked in equity…